Downeast Private Lending LLC
info@downeastprivatelending.com
Borrowing Summary

General Lending Parameters
At Downeast, we can fund your first loan in as little as 7 days. Whether you’re looking for capital for a Fix & Flip, Rental, or Commercial property, we have a program to meet your needs. We take a holistic, ‘makes sense’ approach to our underwriting, which allows us to be flexible and cater to the specific needs of our borrowers. Our general lending parameters are as follows:
Borrower Experience
Downeast does not require borrowers to have any previous experience. However, in order to obtain maximum leverage, a borrower has to have purchased a minimum of 3 investment properties in the last 3 years. First-time borrowers with at least 5 years of experience as a contractor, property manager, or real estate agent may still qualify. We ask that the experience is relevant to the financing requested.
Geography
Downeast Private Lending currently lends in AZ, CA, CO, DC, FL, GA, HI, MA, MD, NC, NY, TX, VA, and WA
Borrower Liquidity
We need to see that a borrower has enough money in their bank account to cover the down payment, all closing costs, and at least 3 months of interest payments.
Process
Downeast prides itself on closing deals quickly, however a quick closing is dependent on the cooperation of the borrower/ broker. We can typically close 7–10 business days from the moment we receive a full package. The document list can be viewed in the Processing Requirements Document.
- Initial call or email to determine feasibility of the loan
- Borrower/broker submit application
- Loan Officer issues term sheet
- Borrower pays application and appraisal fee
- Borrower/Broker submits full document package
- Underwriting reviews file after a full package is in hand
- Underwriting request clarifying information (if needed)
- Borrower submits clarifying information (if needed)
- File goes to closing
- Done deal!
Fees
Downeast does not have pre-payment penalties or hidden fees. All fees are shown with loan commitment.
Credit
Downeast does not have a minimum credit score criteria. However, anyone with a score under 600 will require an exception.
Liens and Judgments
Liens and judgments need to be paid off prior to or at closing. Outstanding amounts less than $10,000 may be waived on a case by case basis.
Immediate Disqualifiers
- Bankruptcy in the last 2 years
- Foreclosure in the last 2 years
- Short sales or deeds in lieu of foreclosure in the last 2 years
- Financial crimes or fraud

Brokers
Does Downeast Work with Brokers?
YES! We work with brokers across the country. They make up approximately one third of Downeast’s origination volume.
Are Brokers Protected?
Downeast has a standard broker referral agreement that is legally binding. Broker compensation is included on the engagement contract and is paid out of the HUD at closing.
How Do I Start?
Sign up and apply online: downeastprivatelending.com/borrow
Contact Damon Amato:
info@downeastprivatelending.com
(508) 873-7230
Exceptions
We understand that there are extraordinary circumstances in which a favorable lending opportunity does not meet our standard guidelines and thus allows for exception loans. Exceptions are made to accommodate opportunities outside of our standard loan types or those that do not meet our lending parameters. Exceptions are presented to and reviewed by our credit committee. Exceptions are requested at the discretion of your loan officer and typically add 2 business days to the processing timeline.