Customer Testimonials:


 "We had a difficult loft property to get refinanced. B.I.B. Capital stuck with us and we were able to get a 10 year loan with a thirty year amortization at 150 bp over the same term treasury. We are now locked in at 5.85% in a rising interest rate environment and could not be happier with the service we got." Jason Murrey, Apartment Developer



"As a Hard Money Real Estate Lender most of our money comes from investors or banks that dictate too many terms. BIB Capital showed us a way to get a non hedge fund institutional investor that would give us delegated underwriting, and a true revolving credit facility as well."
R. C. Greaves






How does a warehouse line work?

  • The mortgage banker originates, locks (with the investor) and processes the loan.
  • The mortgage banker or the investor underwrites the loan.
  • The mortgage banker draws closing documents in its own name and schedules the closing at an insured title company or insured closing attorney.
  • The mortgage banker requests funds from its warehouse lender via a funding request form including: the purchase commitment, underwriting approval, first two pages of the appraisal, application, score page of the credit report, and an insured closing letter.
  • The loan funds and closes. The original note is delivered to the warehouse lender from the title company. Such procedure is mandatory.
  • The title company sends to the mortgage banker a copy of the note and all other closing documents.
  • The mortgage banker delivers the loan package to the investor.
  • The warehouse lender ships the original note to the investor including a trust receipt with wiring instructions to wire the purchase proceeds to the warehouse lender.
  • The warehouse lender receives the purchase proceeds, credits the warehouse line, deducts interest and fees, and deposits the net proceeds into the mortgage banker's operating account at the warehouse lending bank.




View the warehouse program highlights