Frequently Asked Questions
Quick answers about our loan programs, process, and what to expect when working with Pillar.
What types of loans does Pillar offer?+
We offer DSCR (rental) loans, bridge loans, fix & flip loans, ground-up construction loans, multifamily financing, and commercial real estate loans. All programs are designed for real estate investors.
How fast can you close a loan?+
Closing timelines depend on the program, property, and deal complexity. We work to close efficiently and keep you informed throughout the process.
Where do you lend?+
Pillar Private Lending works with real estate investors in multiple states. Contact us to confirm availability in your area.
What credit score do I need?+
We work with a wide range of credit profiles. Underwriting varies by program and may consider property cash flow, collateral, deal structure, and borrower experience.
Is there an application fee?+
No. There is no cost to apply, receive a term sheet, or get pre-qualified with Pillar Private Lending.
Do you require tax returns or income verification?+
Documentation varies by program. DSCR loans qualify primarily on rental property cash flow, while fix & flip and bridge programs emphasize collateral and deal structure. An advisor can confirm what your scenario requires.
What is a DSCR loan?+
A DSCR (Debt Service Coverage Ratio) loan is a long-term rental property loan that qualifies based on the property's rental income rather than the borrower's personal income. It's ideal for investors building a portfolio of cash-flowing properties.
Can first-time investors apply?+
Yes. While some programs like construction lending prefer experienced borrowers, our fix & flip, bridge, and DSCR programs welcome first-time investors with strong deal fundamentals.
What is the minimum loan amount?+
Minimum loan amounts vary by program, property, and deal structure. An advisor can confirm whether your requested amount fits the current program guidelines.
How do construction draws work?+
For fix & flip and construction loans, rehab or construction funds are released in draws as work is completed. Draw timing depends on the inspection, documentation, and review required for the request.
Do you offer cash-out refinances?+
Yes. Cash-out refinances are available on our DSCR and bridge loan programs for investors looking to pull equity out of stabilized properties.
What happens after I submit an inquiry?+
A member of our team will review your request and follow up with program recommendations and loan scenarios.
Still have questions?
Our team is happy to answer anything not covered here. Talk to a real person, not a chatbot.
Next Step
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