What types of loans does Pantheon make?

We make private loans to fund residential (1-4 family) fix and flip projects.

Why should I consider Pantheon?

Our commitment to developing long-lasting personal and professional relationships with our borrowing partners is what distinguishes us from our competitors. The “Pantheon Advantage” is captured through six merits:

  • Fast – We approve new clients in as little as 24 hours and process most loan requests within one week.
  • Affordable – Our loan rates and terms are competitive with any private lender in the industry and compare favorably to “hard-money” lenders—allowing you to maximize your profit!
  • Efficient – We strive to keep bureaucracy, administration, and “process” to a minimum so that you can focus on doing what you do best—fixing and flipping properties!
  • Relationship-Oriented – Our goal at Pantheon is to become your preferred capital partner. We aim to build long-term personal and professional relationships with real estate investors who complete numerous projects each year. Mutual trust and a win-win mentality are the cornerstones of our relationship philosophy.
  • Personal Service – As a family-run business, Pantheon strongly believes in exemplary service and a personal touch to achieve borrower satisfaction. To ensure optimal service, our borrowing partners always work directly with a member of our senior management team!
  • Dependable – Since our founding in 2012, Pantheon has never failed to fund a loan commitment on time and in full. In addition, we are devoted to assisting our borrowing partners through any obstacles and/or frustrations throughout the financing process.

Does Pantheon only accept first lien security positions?

Yes. We require a first lien security interest on all our loans.

Do I need to have a property under contract before applying, or can I be pre-approved?

You may apply to be pre-approved as a borrowing partner based on your credit report, background check, and personal financial statement without a property under contract. This process is normally completed within 24 hours. You can complete the pre-approval application here.

How long does it take to approve and close a loan?

Once you have been approved as a borrowing partner, we can begin underwriting your projects. Approval of a loan generally takes two to four business days following the receipt of all necessary information and documentation. We typically fund loans submitted with a completed package within five business days.

How much experience do I need to qualify for a Pantheon loan?

Although we prefer to work with experienced borrowing partners who complete multiple projects each year, we recognize that every successful entrepreneur must start somewhere. Therefore, prospective borrowing partners with little or no experience will be considered on a case-by-case basis.

Does Pantheon have a minimum credit score requirement?

We typically only lend to individuals with credit scores above 650. Credit scores between 620 and 650 may be considered on a case-by-case basis.

What percentage of my loan will Pantheon fund?

For certain projects, we will fund up to 90% of the purchase price of a property and 100% of the rehab construction budget.

How much money will Pantheon lend on a single project?

We make loans ranging from $75,000 to $2,000,000. Exceptions may be considered on a case-by-case basis.

What is the duration of a Pantheon loan?

Our loans are underwritten for 12 to 18-month terms. Extensions may be granted at the lender’s option but are not guaranteed.

Are there any prepayment penalties?

There are no penalties or fees for early repayment of a Pantheon loan.

What are Pantheon’s interest rates?

Our loan rates range between 10 – 12.5% depending on experience and deal terms.

How often am I required to make interest payments?

Interest payments on Pantheon loans are made on a monthly basis.

How does Pantheon manage the rehab portion of the loan?

The portion of the loan committed to the rehab budget is placed into an escrow account from which the borrowing partner can request disbursements at any time. Rehab payments are made “in arrears,” meaning borrowing partners use their own money to finance each step of the rehab and are reimbursed by Pantheon for costs incurred.

How does Pantheon handle draw reimbursement payments?

After completing work, a borrowing partner will submit a draw request to us via e-mail or over the phone. Following receipt of the request, Pantheon will send an inspector to the property to verify that the stated work has been completed. Upon successful inspection, Pantheon will release the requested draw amount within 24 hours.

What fees and costs am I responsible for?

Borrowing partners pay an origination fee of 2.0-3.0% of the loan amount depending on experience and deal terms. Other costs include appraisal costs, a lender attorney fee ($995), and inspector fees ($230 per draw) for applicable projects. These fees are standard for the industry and Pantheon does not charge any hidden fees.

Does Pantheon fund loans with extensive rehab budgets?

We prefer that rehab budgets remain under 50% of the purchase price. However, “rehab-heavy” loans with construction costs exceeding 50% of the purchase price may be considered on a case-by-case basis.

Does Pantheon offer new construction financing?

Pantheon does not currently offer funding for new construction projects.

Does Pantheon require an appraisal?

We do require an appraisal prior to funding any loan. For loans without a rehab budget, only an “as-is” appraisal is required. For loans with a rehab budget, an ARV (“subject to”) appraisal is needed.

Do I order my own appraisal or is that handled by Pantheon?

To minimize costs and provide flexibility, we allow our borrowing partners to order their own appraisals.

What is After Repaired Value (ARV)?

ARV refers to the fair market value of the house after renovations have been completed.

How does Pantheon determine my loan amount?

Our team uses the appraisal as well as our internal systems to calculate the ARV. Pantheon lends up to 65-70% of the ARV depending on experience.

What types of residences qualify for a Pantheon loan?

Pantheon makes loans on single family homes, duplexes, triplexes, and quadplexes (1-4 units).

Am I required to purchase property insurance for a Pantheon loan?

Yes. We require a full insurance policy on each property for which a loan is outstanding.

Am I required to submit personal tax information and other financial documentation to be approved for my loan?

No. Contrary to most other lenders, Pantheon does not require personal tax returns, bank statements, pay stubs, or other extraneous financial information.

How quickly can I close once my loan has been approved?

Once the necessary documentation has been received and your loan has been approved, we can generally close within 2-3 business days.

Will Pantheon loan money on a primary residence or owner-occupied property?

No. Under no circumstances will Pantheon lend on an occupied property.

Am I required to have an LLC established before receiving a loan from Pantheon?

We only lend to LLCs or other special purpose business entities (e.g. partnerships). If you do not have an entity, you will be required to set one up prior to funding. Setting up an LLC is a simple and affordable process that can typically be completed within 24 hours. We are happy to assist you with this process.

Am I required to have an attorney?

Yes. We require that all borrowing partners have legal representation to protect their interests.

Where does Pantheon operate?

We have a national presence and lends in all U.S. states except for North Dakota, South Dakota, Nevada, Arizona, West Virginia, Minnesota, and Vermont.