Concierge: Cost, Repayment & Use of Funds
COST
USE OF FUNDS
REPAYMENT
~1% per month in interest fees
Debit card disbursement
Pay only what's used
$499 origination fee
ACH direct deposit
Repay when home sells
OR at 12 months — whichever is sooner
8.99–16.99% annually
Check to vendor
Listing cancellation triggers repayment
NOTHING due until closing
Invoice submission
All approved borrowers get prepaid debit card
Extensions available at 12 months if still intending to sell
Notable takes on financial risk
Interest, fees & loan principal are due upon closing, listing termination, loan acceleration, or 12 months after origination — whichever is sooner.
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