Auction & Foreclosure Financing
Auction purchase loans. Bid like cash.
Courthouse steps and online auctions don't wait for bank underwriting. 818 underwrites your target list before the gavel, issues proof of funds, and closes the balance in as fast as 10 days.
No contingencies. No do-overs.
Deposits are due in hours, not weeks
Most auctions require 5–10% down on the spot and the balance in days. There is no financing contingency — if your capital isn’t certain, you can’t bid.
Banks can’t underwrite a courthouse purchase
No interior access, compressed title work, as-is condition, occupied units — every one of those is a conventional-underwriting dealbreaker. They’re Tuesday for an asset-based lender.
Proof of funds wins bids
Sellers and trustees take the certain bidder over the highest one. A lender letter with a real underwrite behind it changes how your bid reads.
The exit defines the loan
Flip it, rent it, or reposition it — we structure the bridge around your plan, with rehab holdbacks if the project needs work and a DSCR takeout if you’re keeping it.
Underwritten before you raise your hand.
1
Before the auction
Send the property list you’re bidding. We underwrite value and exit in advance and issue proof of funds.
2
Winning bid
Deposit goes down. We move immediately: title ordered day one, valuation scheduled, docs in motion.
3
Close
Balance funds inside the auction deadline — as fast as 10 days, typically 10–21.
4
Exit
Sell after the rehab, or refinance into a 30-year DSCR loan if the numbers say hold.
Auction bridge, at a glance.
10 days
Fastest close; 10–21 days typical with title and valuation coordinated from day one
Up to 75% LTV
Asset-based leverage; rehab holdbacks available for value-add plans
6–24 months
Interest-only while you renovate, stabilize, or resell
No tax returns
Asset and exit underwriting — not W-2s or DTI
Common questions.
How fast can an auction purchase loan close?
As fast as 10 days; most close in 10–21. The real speed comes from underwriting your target list before the auction — when you win, title is ordered the same day and the file is already built.
Can you provide proof of funds before I bid?
Yes. Send the properties you plan to bid on and we underwrite value and exit in advance, then issue a proof-of-funds letter backed by a real underwrite — not a template.
Is this the same as a hard money loan?
It is the same family of financing — short-term, asset-based private lending. The difference is process: pre-auction underwriting, compressed title coordination, and an exit plan (sale or DSCR refinance) structured at closing rather than figured out later.
What if the property needs renovation?
Rehab budgets are funded through draw schedules on top of the purchase bridge, released as work is completed and inspected — the same mechanics as our fix-and-flip program.
What can’t you finance at auction?
Owner-occupied primary residences and properties where we can’t establish a defensible value or clear title path. Everything else — occupied, as-is, no interior access — is priced, not declined.
Auction on the calendar?
Send your target list before bid day. You'll bid knowing exactly what closes — and what doesn't.