FAQs

Questions

Frequently Asked Questions

Who is BetterLife REF?

Founded by Brandon Turner, BetterLife Real Estate Funding (REF) was created to solve the challenges investors face in securing fast, flexible financing. After personally experiencing the frustration of missing great deals due to slow, traditional lenders, Brandon built BetterLife REF to provide investor-friendly funding solutions directly to real estate investors. BetterLife REF partners with Vontive Lending, a technology focused mortgage lender that makes getting qualified and funded easy through client focused portals and easy to navigate forms. Vontive’s speed and ease of use allows some borrowers to be funded in as little as 5 days.

Unlike traditional bank loans, hard money loans are primarily based on the value of the property being used as collateral rather than just your financial profile. While rates vary compared to conventional loans, these loans are a favorite among real estate investors due to their fast closing times, flexible terms, and the ability to repay quickly—helping you scale your business faster. Here are some key benefits of hard money loans:

  • Rapid access to capital with quick closing times
  • Flexible terms, including various repayment schedules and loan durations
  • Financing up to 92.5% of the property value and renovation costs
  • Various product types to fit your financing needs

  • DSCR
  • Fix and Flip
  • Bridge
  • Short Term Rental
  • Portfolio Loans
  • Bank Statement Loans
  • Construction
  • PadSplit

  • Single Family
  • Condo
  • Townhome
  • Multifamily (2-10 units)

46 states with the exception of ND, SD, WV, and VT

This will depend on the state you are investing in, some states require this while others do not. Please contact your loan advisor to learn more.

The best way to start is by completing our Financial Questionnaire. This should only take about 5 minutes. It will ask for details on you and the property, and provide a quote within 4 hours. The questionnaire will only complete a SOFT credit pull, no need to worry about a hard inquiry. Alternatively, you can start our 30 second prequalification process if you need a preapproval to make an offer on a property. This is also a soft credit pull.

BetterLife REF is the ideal partner for your fix-and-flip or rental loan because we prioritize speed, simplicity, and expert guidance. We can close loans in as little as 5-10 days, helping you move quickly on investment opportunities. Our streamlined technology and user-friendly systems make the process seamless, from application to funding. Plus, our expert loan advisors are here to guide you every step of the way, ensuring you get the best financing solutions for your needs. With highly competitive rates, we make securing capital easy and efficient, so you can focus on growing your real estate portfolio.

Appraisals vary on your financing needs and product type.

Loans generally include financing fees, and we are dedicated to maintaining clear and transparent pricing for all borrowers. These fees vary depending on the loan type, deal structure, and the borrower's experience level.

Most borrowers use a fix and flip loan to purchase and rehab the property. After completing the repairs and putting tenants in place, they will obtain a DSCR loan through BetterLife REF with long term fixed rate debt.

Yes, here are the general guidelines:

  • Padsplit operator only
  • Must have lease with PadSplit
  • We will use 100% of market rents in lieu of in-place rents (1.0 DSCR min)
  • Rental income verification is not required
  • 25% personal guarantee allowed
  • Must be an experienced investor (own 2 rentals or 1 rental and Primary for 12+ months)
  • Max 75% LTV/LTP & 65% LTV cashout
  • FICO 680+

If the ADU is on the same parcel as the primary residence, financing must be done by taking out debt on the primary property, as a second lien is not an option. However, if the ADU is on a separate parcel or is being condoized, it can be financed independently.

This can depend on the product type, but generally $75k loan amount for DSCR loans, and $100k for bridge loans.

We do not offer commercial financing at this time

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Have a question or ready to get started? Reach out now, and our team will provide the guidance you need to take the next step for your real estate investment financing.

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