Question 1

What is Apple Valley Capital Group?

Accepted Answer

Apple Valley Capital Group provides short-term loans for fix-and-flip real estate projects in Ohio.

Question 2

Where is AVCG located?

Accepted Answer

We are located in Northeast Ohio. While our properties are based in Ohio, our lenders come from all across the United States.

Question 3

What documentation do I need to provide as a lender?

Accepted Answer

The only documentation required to become a lender is a completed AVCG Direct Deposit Form and a completed W-9 Form.

Question 4

How quickly can I expect to hear back after submitting an application?

Accepted Answer

We pride ourselves on quick turnaround times. You can expect to hear back within 24 hours.

Question 5

What is the typical loan term?

Accepted Answer

Our standard loan term is 12 months.

Question 6

How is interest calculated?

Accepted Answer

Interest is calculated using a daily interest rate. The formula for this calculation is:
 
Principal Amount × Daily Interest Rate (Interest Rate ÷ 365) × Number of Days in the Month

For example, if the principal amount is $150,000 and the interest rate is 20 (this is not an actual interest rate utilized by AVCG), then the formula for January would be: 150,000 x (.20/365) x 31 = $2,547.95

Question 7

How often are interest payments made to lenders?

Accepted Answer

Interest payments are made monthly and are deposited directly into the lender’s designated bank account.

Question 8

Are my funds secured by real estate?

Accepted Answer

Yes. All loans are secured by a first-position mortgage on real property.

Frequently Asked Questions