Regulatory & Compliance
Business purpose lending
Who We Are
BNBCashout, LLC specializes in providing direct, tech-driven investment property loans for which no credit, asset or income verification is needed. Our mission is to offer real estate investors fast and efficient funding solutions. With deep expertise in finance and technology, we streamline the loan process to deliver competitive interest rates and personalized support.
What We Do
Our loans are real estate collateralized commercial loans; they are not consumer finance transactions. Each loan is guaranteed by the principal(s) of the borrower. In addition to real estate collateral (of the borrower or guarantor(s)), we obtain a UCC-1 security interest in all business assets of the borrower.
These loans are offered to owners of investment properties which use the property to generate income; in particular, through platforms such as AirBnb and Vrbo. In all cases, the property is not the primary or secondary residence of the borrower, and the property is not occupied by the borrower or any person related to the borrower. The proceeds from these loans are to be used for business purposes only, including property improvements, maintenance or the acquisition of additional properties with the same income-generating purpose; the use of the loan proceeds cannot be for personal, family, household or consumer purposes.
Where We Lend
Currently, we originate our business purpose loans in
- TBA
We have determined that, in each of these states:
- business purpose loans are not subject to the federal and state laws and regulations which govern consumer finance transactions;
- we are not required to be licensed by any state or federal agency to make these business purpose loans;
- there is no requirement that we determine a borrower's income or ability to repay our business purpose loans;
- for business purpose loans, there is no prohibition against asset-based lending; and
- either there is no statutory interest rate limitation for business purpose loans, or our business purpose loans are in compliance with the applicable limitation.