Welcome to Ascension Funding Group!

September 21, 2021

09:00 – 9:00 EST

Monday to Friday

Lexington, KY 40517

Have Questions?

Find answers to the most Frequently Asked Questions here.

Still have questions?  Contact Us and we would be happy to help!


Are you a Direct Lender?

Yes, we are a boutique private lending company, leveraging both in-house funds as well as an extensive network of hundreds of private lenders, equity firms and hedge funds in order to structure the best financing options for your investment.

Do You Have a Matrix?

We typically do not use a rate matrix to price loans. All loans are qualified on a loan-to-loan basis. Loan qualification is based on three things: the strength of the borrower, the strength of the property, and the strength of the ratios.

What is Your Application Process?

The process starts with the submission of an Executive Summary worksheet.  Once we receive the completed form, a call will be set with one of our Real Estate experts, who will go over your project and discuss options available to you.  An application packet will then be emailed to you for completion.  Once we receive the COMPLETE submission package, the file will then be presented to an underwriter for an initial review. A Letter of Intent will then be presented to you, typically within 48 – 72 hours of receipt of the complete package. Once the Letter of Intent has been accepted and returned, a loan processor will begin ordering title, appraisal and start processing the loan.  Any further required documentation will be requested at this time and a Letter of Commitment will be issued.

How Quickly Can I Close?

Time to close is largely dependent upon how motivated you are and how responsive you are to the process.  For straightforward residential investment loans which require little creative structuring, we can close in as little as 15 business days after receipt of a COMPLETE application package.  The appraisal is typically the most time-consuming part of the loan process, as it relies on coordination between multiple parties to get it done in a timely manner.  For commercial properties and more complex deals the process can be longer, with an average close time of 30 – 60 days.

Do You Charge Upfront Fees?

There are NO upfront fees collected from the borrower to pre-underwrite and issue a Letter of Intent. For some programs the borrower can even pay the appraiser COD at the door for the appraisal.

What Will My Closing Cost Be?

Closing cost vary from loan-to-loan. Typical closing cost include but are not limited to: title insurance, environmental insurance, closing attorney fee, lender underwriting fees, courier fees, processing fee, recording fee in addition to any prepaid interest or escrows.  Typically closing costs can be rolled into the loan amount upon underwriter approval.

Do You Offer 100% Financing?

No, no matter how good the deal, the investor must have some skin in the game in the form of hard cash.  This amount depends upon widely upon the type of financing you are seeking, the property type and the strength of the borrower.  Once we have evaluated your Executive Summary, our experts can give you a range to expect based upon your particular financing needs.

What Is the Minimum Amount You Will Lend on Real Estate?

The minimum loan amount for Residential 1-4 Units is $75,0000.  The minimum loan amount on Commercial properties is $100,000.

What is the Maximum Amount I Can Borrow?

The maximum loan amount varies from loan-to-loan and by program.  Because we can leverage the financial portfolios of our vast network of private investors as well as our own in-house financing, no project is too large.  Typically, the subject property must be able to service the debt.

Do you offer Joint Venture Partnerships and Debt/Equity Structuring?

Yes, we do.  If you are interested in a joint venture or debt/equity option, please indicate this on the Executive Summary and we will be happy to discuss the options available to you for your particular project.

Can I Get Cash-out?

Yes, cash-out is available for borrowers that qualify. A detailed use of funds will be required at the time of submission.

Is a Letter of Intent a Commitment to Finance My Loan?

No, a Letter of Intent is a soft offer based upon the initial submission package.  A hard Letter of Commitment to fund is generated once the property has been thoroughly assessed through appraisal and Title and all information has been verified.

What is the Minimum Credit Score to Obtain a Loan?

A FICO credit score of 600 or higher is needed for most loan products, but non-recourse options are available in some instances for no doc borrowers with sufficient liquidity on a case-by-case basis.

Can You Fund in an Individual's Name or is an LLC Required?

We can only fund to a business entity.


Do You Finance Start-ups?

Start-ups can qualify for Equipment Financing only.  To qualify for Working Capital, a business must have been operational for at least 6 months (time in business is industry dependent – please inquire).

How Quickly Can I Close?

Working Capital loans can close in as little as 24 hours after receipt of a COMPLETE application package and approval.  Equipment Financing can fund in as little as 72 hours.  The more motivated the borrower, the faster the close time.

Do You Charge Upfront Fees?

There are NO upfront fees collected from the borrower to pre-underwrite a loan.