Glendale, CA Download recent-transaction-300000-business-purpose-cash-out-glendale-ca Property / Loan Information Property Type Multi-Family Lien Position 2nd TD Loan Amount $300,000 Appraised Value $6.5Mil Occup Non-Owner Occ. Lender Rate 9.75% CLTV on Appraised Value 36.92% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 months Loan Scenario: Borrower owned property for…
What are the reasons a borrower would need a hard money loan? We often get the question, “Why would a Real Estate Investor, Self Employed Individual or Business Owner need Hard Money?” Followed by, “Why would anyone pay those rates?” Well, after having underwritten and funded over 330 loans, we have learned there are…
Carlsbad, CA Download recent-transaction-51000-business-purpose-cash-out-carlsbad Property / Loan Information Property Type Residential Townhouse Lien Position 2nd TD Loan Amount $51,000 AVM Value $380,000 Occup Non-Owner Occ. Lender Rate 10.75% CLTV on AVM Value 70.04% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 months Loan Scenario: Analytical Manager/Borrower…
Gardena, CA Download recent-transaction-1267500-business-purpose-purchase-gardena-ca Property / Loan Information Property Type Comm/Industrial Lien Position 1st TD Loan Amount $1,267,500 Appraised Value $1.956Mil Occup Non-Owner Occ. Lender Rate 9.25% LTV on Appraised Value 64.18% Loan Type Business Purpose Purchase Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 months Loan Scenario: Real Estate Investor/Borrower purchased this Industrial building for…
San Gabriel, CA Download recent-transaction-180000-business-purpose-cash-out-san-gabriel Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $180,000 Est. 1st TD $756,000 Occup Owner Occ. Lender Rate 11.00% CLTV on BPO Value 60.39% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 months Loan Scenario: Self-employed Borrower seeking…
Coalinga, CA Download recent-transaction-87750-business-purpose-purchase-loan-funded-coalinga Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $87,750 Purch. Price $76,000 Occup Non-Owner Occ. Lender Rate 11.25% LTV on Total Value 65.00% Loan Type Business Purpose Purchase Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 months Loan Scenario: 658 FICO borrower with stable…
Fontana, CA Download recent-transaction-189000-business-purpose-purchase-loan-funded-fontana-ca Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $189,000 Purch. Price $270,000 Occup Non-Owner Occ. Lender Rate 9.25% LTV on Purch Price 70.00% Loan Type Business Purpose Purchase Amortization Interest Only Due in 24 mos. Guaranteed Int. 6 months Loan Scenario: Real Estate Investor who is…
How do Fintech principles and the Internet make for a better Hard Money Loan? The Internet continues to destroy old and create new business models. Disintermediation runs rampant. How does a financial services business survive and thrive in the Financial Technology “FinTech” space and create a profitable business model in today’s Internet world? Old…
Malibu, CA Download recent-transaction-400000-business-purpose-cash-out-loan-funded-malibu-ca Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $400,000 BPO Value $1.8Mil Occup Non-Owner Occ. Lender Rate 8.00% LTV on BPO Value 22.22% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 24 mos. Guaranteed Int. 6 months Loan Scenario: 617 FICO Borrower/Retired Camarillo, CA,…
Los Angeles, CA Download recent-transaction-269750-business-purpose-cash-out-loan-funded-los-angeles-ca Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $269,750 BPO Value $415,000 Occup Non-Owner Occ. Lender Rate 9.50% LTV on BPO Value 65.00% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 24 mos. Guaranteed Int. 6 months Loan Scenario: Self-Employed Borrower who owns…
Van Nuys, CA Download recent-transaction-2nd-business-purpose-cash-out-loan-funded-van-nuys-ca Property / Loan Information Property Type SF Condo Lien Position 2nd TD Loan Amount $150,000 BPO Value $569,900 Occup Owner Lender Rate 10.50% CLTV 45.27% Loan Type Business Purpose Cash-Out Amortization Interest Only Due 60 mos. Guaranteed Int. 6 months …
Yorba Linda, CA recent-transaction-2nd-business-purpose-cash-out-loan-funded-yorba-linda-ca Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $60,000 BPO Value $375,000 Occup. Non-Owner Lender Rate 10.50% CLTV on BPO 58.13% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 24 mos. (Balloon) Gtd.…
La Quinta, CA recent-transaction-1st-td-business-purpose-cash-out-loan-funded-la-quinta-ca Loan Type Business Purpose Cash-Out Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $211,250 Lender Est. Value $325,000 Occup. Non-Owner Lender Rate 9.25% LTV on Lender Est. Value 65.00% Amortization Interest Only Due in 36 mos. (Balloon) Borrower…
Simi Valley, CA recent-transaction-2nd-td-investment-property-cash-out-loan-funded-simi-valley-ca Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $65,000 BPO Value $540,000 Occup. Non-Owner Lender Rate 9.50% LTV on BPO 12.04% Loan Type Investment Prop. Cash-Out Amortization Interest Only Due in 6/2017 (Balloon) Gtd. Interest …
Camarillo, CA Recent Transaction – Owner Occupied Consumer Purpose Bridge Loan Funded – with Cross Collateral – Camarillo, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $950,000 Comb. Zillow Value $2,180,000 Occup Owner Lender Rate 9.50% LTV on Comb. Zillow 43.58% Loan Type Owner…
One of the most important underwriting elements for Hard Money Lenders and Trust Deed Investors is the Loan to Value Ratio (LTV). The Loan to Value Ratio is defined as the Loan Amount divided by the Value of the property. The question is: Which Value? LTV provides guidance for lenders and investors on how much…
Los Angeles, CA Download Recent Transaction – Business Purpose Cash-Out Loan Funded – Ch- Los Angeles, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $2,535,000 BPO Value $3.9Mil Occup Owner Lender Rate 10.50% LTV on BPO 65.00% Loan Type Business Purpose Cash-Out Amortization Interest Only…
Calabasas, CA Download Recent Transaction – Business Purpose Cash-Out Loan Funded – Calabasas, CA Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $220,000 ARV BPO Value $1,75Mil Occup Non-Owner Lender Rate 11.75% CLTV on BPO ARV 60.40% Loan Type Business Purpose Cash-Out Amortization Interest…
Riverside, CA Download Recent Transaction – Business Purpose Cash-Out Loan Funded – Riverside, CA Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $39,000 BPO Value $312,500 Occup Non-Owner Lender Rate 11.00% CLTV on BPO Value 60.16% Loan Type Business Purpose Cash-Out Amortization…
Santa Ana, CA Recent Transaction – 2nd TD Business Purpose Cash-Out Loan Funded – Santa Ana, CA Property / Loan Information Property Type Multi-Fam Lien Position 2nd TD Loan Amount $60,000 BPO Value $810,000 Occup Non-Owner Lender Rate 10.25% CLTV on Purch 60.00% Loan Type Business Purpose Purchase…
Anaheim, CA Recent Transaction – 1st TD Business Purpose Cash-Out Loan Funded – Anaheim, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $150,000 BPO Value $410,000 Occup Non-Owner Lender Rate 9.00% LTV on BPO Value 36.59% Loan Type Business Purpose Cash-Out…
Gardena, CA Download Recent Transaction – Business Purpose Cash-Out Loan Funded – Denver Ave., Gardena, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $182,500 BPO Value $365,000 Occup Non-Owner Lender Rate 9.00% LTV on BPO Value 50.00% Loan…
Indio, CA Download Recent Transaction – Business Purpose Cash-Out Loan Funded – Indio, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $75,000 BPO Value $225,000 Occup Owner Lender Rate 9.25% LTV on BPO Value 33.33% Loan Type Business…
Eureka, CA DownloadRecent Transaction – Business Purpose Purchase Loan Funded – Eureka, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $120,000 BPO Value $175,000 Occup Non-Owner Lender Rate 10.00% LTV on BPO Value 68.57% Loan Type Business Purpose Purchase Amortization Interest Only Due in…
Los Angeles, CA DownloadRecent Transaction – Business Purpose Cash-Out Loan Funded – Van.L.A., CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $177,500 BPO Value $355,000 Occup Non-Owner Lender Rate 9.00% LTV on BPO Value 50% Loan Type Business Purpose Cash-Out Amortization Interest Only…
Santa Ana, CA DownloadRecent Transaction – 2nd Business Purpose Cash-Out Loan Funded – Cam.Santa Ana, CA Property / Loan Information Property Type 4-plex Lien Position 2nd TD Loan Amount $143,750 BPO Value $790,000 Occup Non-Owner Lender Rate 10.25% CLTV on Est. Value 65.68% Loan Type Business Purpose Cash-Out…
Arcadia, CA DownloadRecent Transaction – 2nd Business Purpose Cash-Out Loan Funded – Arcadia, CA Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $700,000 BPO Value $1.65Mil Occup Non-Owner Lender Rate 10.25% CLTV on Est. Value 59.48% Loan Type Business Purpose Cash-Out Amortization…
Santa Ana, CA Download Recent Transaction – 2nd Business Purpose Cash-Out Loan Funded – Santa Ana, CA Property / Loan Information Property Type 4-plex Lien Position 2nd TD Loan Amount $143,750 BPO Value $775,000 Occup Non-Owner Lender Rate 10.25% CLTV on Est. Value 65% Loan Type Business Purpose…
“A team is only as strong as its weakest player.” “A chain is only as strong as its weakest link.” Do you remember these sayings? The mantra also applies to a Hard Money Lender’s team and specifically to their Title and Escrow Company. Having a solid Title and Escrow Company in any real estate transaction…
Low Interest Rates, Unemployment below 5%, housing prices increasing by 5% and the improving economy are assisting borrowers improve their credit scores. The share of U.S. adults with credit scores that are considered “subprime” fell to 20.7% in April, the sixth consecutive year-over-year decline and the lowest level since at least 2005, according to…