Whole Loan Mortgage

The Investment Process
FIRSTBANC makes Whole Loan investing easy. The process all starts with a borrower request. We lend only to seasoned homebuilders and developers. A potential borrower looking for a short-term loan offers to pledge a piece of real estate property as collateral for a Whole Loan. FIRSTBANC rigorously screens the borrower, the physical property and performs numerous due diligence procedures. If after this underwriting process the investment is found to meet FIRSTBANC’s strict guidelines we then make the loan opportunity available to our investors for their consideration. FIRSTBANC acts as an intermediary between the borrower and the investor who is the ultimate “lender.”

Once an investor approves and funds the loan, FIRSTBANC takes responsibility for collecting interest payments from these borrowers and remitting those payments monthly to the investors. At the end of the loan term or sooner, the borrower repays the loan and the original balance plus any interest owing is returned to the investor.