Turning Your Best
Ideas into a Reality

We employ a detailed multi-step process to help ensure a successful closing.

  1. Deal submitted
    (through a broker or directly from borrower)

  2. Romspen’s
    origination team
    performs preliminary review, qualifies deal:
    24 hours

  3. Romspen issues
    letter of intent (“LOI”): three to five days

  4. Borrower reviews financing terms;
    if acceptable, borrower signs back

  5. Romspen performs due diligence (verification of documents, borrowers claims, market research, financial underwriting)

  6. Site visit and in-person meeting with borrowers

  7. Commitment
    Letter issued
    (two to three weeks from issue to execution)