What is OneSource by PCS?

By |2017-06-12T14:22:40-07:00November 27th, 2012|

OneSource by PCS (the “Company”) is a password-protected online platform that provides accredited and institutional investors with the opportunity to invest in real estate-based loans acquired by the Company.  The Company issues unsecured notes (“Notes”) to investors that provide them [...]

What types of transactions does OneSource by PCS finance?

By |2017-11-01T21:40:37-07:00May 18th, 2015|

The Company finances residential and commercial properties for business purposes: including financing for fix and flip residential properties, acquisition and/or rehabilitation of both residential and commercial properties, construction loans and bridge loans secured by residential or commercial properties, note purchases secured by residential [...]

What is the process of applying for and securing a loan?

By |2016-11-16T00:19:21-07:00May 18th, 2015|

Borrowers begin by completing the Company’s online “Quick App” through our secure website to obtain a preliminary term sheet.  Thereafter, Borrowers are prompted to deliver required documentation to the Company to support the processing/underwriting/approval processes.  Borrowers are provided website access [...]

When does a Borrower receive a final Note Rate?

By |2015-10-09T10:28:22-07:00May 18th, 2015|

Borrowers obtain a preliminary approval and a preliminary rate quote upon completing the “Quick-App” form on the Company’s website.  Once the Borrower’s document submittal has been reviewed by the Company’s underwriting department, a final approval and final rate will be [...]

Do you require a full appraisal?

By |2017-11-01T21:50:04-07:00May 18th, 2015|

The answer depends on type of property, the loan to value ratio and our experience with the Borrower.  Generally, the will rely instead on in-house due diligence, area research, and value opinions from local real estate brokers for all fix [...]

How many points do you charge?

By |2015-10-09T11:38:16-07:00May 18th, 2015|

The Company typically charges loan origination fees which range from 1.5% to 3.0%.  Occasionally we have charged origination fees either below or above of this typical range, usually because a loan request is meaningfully more or less challenging than average.

Is the OneSource website secure?

By |2017-11-01T21:38:43-07:00November 27th, 2012|

One Source goes to great lengths to ensure the security of its investors, its Borrowers and their data.  The Company utilizes the security protocol, SSL, the standard security technology for establishing an encrypted link between a web server and a browser.  This link ensures that all data passed [...]