Concierge Capital, made available by Notable, an independent lender offers clients a personal loan with zero due until closing to help prepare their home for the market.* Concierge Capital can help you enhance the marketability of your home and simplify the process of preparing it for sale.
Once you've signed an Exclusive Listing Agreement (ELA) with your agent, you can apply for Concierge Capital. From there, you can work with your Compass agent to come up with a refresh plan and budget.
Complete the loan application through Notable's website at concierge.notablefi.com/apply/start to determine loan eligibility. This quick online application will ask for customary loan underwriting information, as well as for the name of your Compass Agent. If you are applying using power of attorney on behalf of someone else or the property is part of a trust or estate, Notable will require additional documentation.
*Social Security numbers are collected for a soft credit check which should not impact your credit score or future loan/mortgage eligibility.
After you enter your credit limit, your Compass Agent will receive an automatic request via email and text message to confirm that you have signed an Exclusive Listing Agreement. You will be able to complete the application after your Compass Agent confirms your listing details.
Once submitted, the Notable underwriting team will review your application. you should expect to hear back from Notable within 3 business days. Please note, that some applications may require additional documentation, which Notable will request within that three-business-day window. At this time, homes held through LLCs and new development homes are ineligible for the Concierge Capital program. Additionally, sellers seeking to utilize Concierge Capital funds to flip properties are not eligible for the Concierge Capital program.
Once Notable has conditionally approved your application, funds will be disbursed to you via a Concierge Capital Debit Card. A virtual card will be made available on the same day as approval and your physical debit card will arrive within 5 to 7 days.
Working with your Compass Agent, you’ll select and engage vendors to complete work on your home. Please note, you may also use your Concierge Capital Debit Card in stores and online to purchase home improvement materials, staging props as well as moving and storage goods. Should you need to pay a vendor via cash or check, you may submit a transfer request or request a check be sent directly to your vendor via your Notablefi.com portal. With a transfer, Notable will deposit funds directly into the bank account that you have registered with Notable, allowing you to pay cash directly to your vendor or via a payment app such as PayPal or Venmo.
Concierge Capital funds are due back to Notable at the close of sale or the first applicable milestone in your lending agreement (e.g., de-listing your home, terminating your ELA with your Compass Agent, 12 months elapsing after Notable's approval of your Concierge Capital loan, etc).
When your home enters into a contract and a sale becomes pending, you or your agent must notify Notable of the upcoming closing. A final invoice will be issued 7 days before the closing date to allow you to use any remaining funds prior to close. To notify a Notable of an upcoming closing, please email [email protected] call (833) 615-0252, or update your closing information in the Notable portal.
Visit compass.com/concierge. For any loan-related questions, please contact Notable directly at [email protected] or call (833) 615-0252.
Rules and Exclusions apply. Compass offers no guarantee or warranty of results. Subject to additional terms and conditions. See
compass.com/concierge for more information. Subject to the terms of your Compass Concierge Loan Agreement, funds provided by Compass Concierge are to be repaid once one of the following happens (whichever occurs first): your home sells, you terminate your listing agreement with Compass, Compass terminates your listing agreement, 12 months pass from your Concierge start date or Notable otherwise suspends your Compass Concierge loan for any reasons stated in the Compass Concierge Loan Agreement. Concierge Capital loans are provided by Notable Finance, LLC, NMLS# 1824748 and are made or arranged pursuant to a California Finance Lenders Law license. Loan eligibility is not guaranteed and all loans are subject to credit approval and underwriting by Notable. Compass is not a lender and is not providing loans as part of the Compass Concierge program. *Depending on your state of residence, fees or interest may apply.
Eligibility. The Concierge Bundle Credit is available solely to sellers who list a home with Compass, utilize the Concierge program, and choose to use Chartwell for escrow services in connection with that residential home sale and Concierge project. Sellers meeting all applicable requirements are entitled to the Concierge Bundle Credit outlined herein. Affiliated Business Arrangement. As is set forth in Compass’ separate Affiliated Business Arrangement Disclosure (“ABAD”), Compass has business relationships with Concierge, Chartwell, and certain other providers (together, the “Affiliated Companies”). Each of the Affiliated Companies is indirectly owned, in whole or in part, by Compass, Inc. Any referral by one of the Affiliated Companies to another may provide the referring company, its affiliates, and/or their employees with a financial or other benefit. You are NOT required to use any Affiliated Company to do business with Compass. See ABAD for further detail, including estimated charges. No Required Use. While Chartwell is available as a closing company option for you, and Concierge Bundle Credit is available only if you use Compass, Concierge, and Chartwell, you are not required to use Chartwell or the Concierge program to obtain real estate brokerage services from Compass.
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