Let’s Talk Real Estate
Serve clients purchasing turnkey investment properties?
RES Group offers fast, light-documentation loans for investors of all levels. Through our Loan Referral Program, you can connect clients to reliable, low-rate financing that helps them close faster and win more deals.
Earn up to $2500 per deal!
Loan Program Highlights:
Fix and Flip
- 24-48 hour closing
- NO appraisal
- Guarantee to Lend in hours
Ground Up Construction
- No experience required
- Terms up to 90% LTC/70-75 LTV
DSCR
- No minimum DSCR
- Contact for Rates
Are Referral Fees OK under RESPA?
YES. Since Real Estate Syndicate Group provides commercial, business-purpose loans, these DO NOT fall under RESPA. Please see below § 1024.5 (via CFPB):
§ 1024.5 Coverage of RESPA.
(a) Applicability. RESPA and this part apply to federally related mortgage loans, except as provided in paragraphs (b) and (d) of this section.
(b) Exemptions.,(1) [Reserved]
(2) Business purpose loans. An extension of credit primarily for a business, commercial, or agricultural purpose, as defined by 12 CFR
1026.3(a)(1) of Regulation Z. Persons may rely on Regulation Z in determining whether the exemption applies.
All versions of 12 CFR Part 1024 (Regulation X) | Consumer Financial Protection Bureau
View the current, previous, and future versions of 12 CFR Part 1024 (Regulation X). Regulation X protects consumers when they apply for and have mortgage loans
"*" indicates required fields