Fix and Flip or Fix and Rent? The new Windows 10 is about to hit the shelves. Wow. What a sometimes frustrating but exciting ride from DOS. The imminent Windows 10 Version made me think about my own personal and professional resets and upgrades and how everyone should enjoy and contemplate their own life…
Perris, CA Download Recent Transaction – Cash-Out Loan Funded – Perris CA Property / Loan Information Property Type Land Lien Position 1st TD Loan Amount $400,000 Appraised Value $2.6Mil Occup Non-Owner Occ. Interest Rate 11.00% LTV on AppraisedValue 15.38% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in12 months Guaranteed Interest 6 months …
Huntington Beach, CA Download Recent Transaction – Business Purpose Purchase – Huntington Beach CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $235,500 Appraised Value $785,000 Occup Non-Owner Occ. Interest Rate 9.00% LTV on AppraisedValue 30.00% Loan Type Business Purpose Purchase Amortization Interest Only Due in12 months Guaranteed Interest 6 months …
Calabasas, CA Download Recent Transaction – Cash-Out Loan Funded – CalabasasCA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $600,000 Appraised Value $2.35Mil Occup Owner Occ. Interest Rate 9.00% LTV on AppraisedValue 25.53% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 36 months Guaranteed Interest 6 months …
Perris, CA Download Recent Transaction – Construction Loan Funded – Perris CA Property / Loan Information Property Type Land Lien Position 1st TD Loan Amount $150,000 Appraised Value $255,000 Occup Non-Owner Occ. Interest Rate 11.00% LTV on AppraisedValue 58.82% Loan Type Business Purpose Construction Amortization Interest Only Due in 24 months Guaranteed Interest 6 months …
What does it mean to trust but verify during the underwriting process? I enjoy meeting people and I prefer to go through life trusting people when we first shake hands. I always like to assume that people I meet are generally good people. However, these days our motto is and has to be “Trust…
Santa Ana, CA Download Recent-Transaction-Business-Purpose-Purchase-Santa-Ana-CA Property / Loan Information Property Type Commercial Lien Position 1st TD Loan Amount $800,000 Appraised Value $1,705,000 Occup Non-Owner Occ. Lender Rate 9.50% LTV on Appraised Value 46.92% Loan Type Business Purpose Purchase Amortization Interest Only Due in 3 years Guaranteed Interest 180 days Loan Scenario: 666…
Redondo Beach, CA Download Recent Transaction Cash-Out-Redondo Beach, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $550,000 Appraised Value $855,000 Occup Non-Owner Occ. Interest Rate 8.99% LTV on AppraisedValue 64.32% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in12 months Guaranteed Interest 3 months …
How is Hard Money underwriting more art than science? High volume Conventional lenders world use Automated Underwriting (AU) engines to determine if a borrower qualifies for a loan. Fannie Mae’s Desktop Underwriter (DU) and Freddie Mac’s Loan Prospector digest reams of quantitative data and spit out the yes or no decision on a residential…
Yucca Valley, CA Download Recent Transaction – Cash-Out Commercial Loan Funded – Yucca Valley Property / Loan Information Property Type Commercial Bldg, Retail Lien Position 1st TD Loan Amount $275,000 Est. Value $1,060,000 Occup Non-Owner Occ Note Rate 11% LTV on Est Value 25.94% Loan Type Cash Put Refinance Amortization Interest Only Due in 2 years Guaranteed…
Temecula, CA Download Recent Transaction – Business Purpose Purchase – Temecula, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $516,000 Purchase Price $645,.000 Occup Non-Owner Occ. Interest Rate 10.99% LTV on Purchase Price 80% Loan Type Business Purpose Purchase Amortization Interest Only Due in 12 months Guaranteed…
Carpinteria, CA Download Recent Transaction – Business Purpose Purchase – Carpinteria, CA Property / Loan Information Property Type Condo Lien Position 1st TD Loan Amount $510,000 BPO Value $850,000 Occup Non-Owner Occ. Interest Rate 8.99% LTV on BPO Value 60% Loan Type Business Purpose Purchase Amortization Interest Only Due in 3 years Guaranteed Interest 180 days …
Castaic, CA Download Recent Transaction – Cash-Out Loan Funded – Castaic,CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $305,000 BPO Value $436,000 Occup Non-Owner Occ. Interest Rate 10.50% LTV on BPO Value 70% Loan Type Business Purpose Cash Out Amortization 40 yr amort/due in 12 months Guaranteed Interest 3 months…
What does “Stated Income Loan” mean? Hard Money and Non-Prime Lenders offer “Stated Income” loans to fill a gap on situations where conventional loan standards deny the loan. Today’s blog will demystify “Stated Income” and describe what these loans are and are not. Importantly, we will also discuss the opportunities and pitfalls for borrowers…
El Monte, CA Download Recent Transaction – Business Purpose Purchase – El Monte, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $120,000 Est Value $375,000 Occup Non-Owner Occ. Interest Rate 10.75% LTV on Est Value 32% Loan Type Business Purpose Cash Out Amortization Interest Only due in 3 years Guaranteed Interest…
Riverside, CA Download Recent Transaction – Business Purpose Purchase – Riverside, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $113,750 Purchase Price $175,000 Occup Non-Owner Occ. Interest Rate 10.50% LTV on Purch Price 75.00% Loan Type Business Purpose Purchase Amortization Interest Only due in 3 years Guaranteed Interest 180 Days Loan Scenario:…
The “5 C’s of Credit” are the five key elements a borrower should have to obtain credit. These same 5 “C” items are critical for Hard Money loans as well as conventional loans. Successful Mortgage Brokers understand the 5 C’s of Credit and know how to apply their scenario to a conventional or hard…
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Best practices we have seen used to acquire or find a Fix and Flip! Here some of the best practices we have seen used to acquire or find a fix and flip. Common wisdom and empirical evidence shows that the profit in a transaction is acquired on the acquisition. Getting a good or discounted…
Los Angeles, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $225,550 Purchase Price $347,000 Occup Non-Owner Occ. Interest Rate 10.50% LTV on Purch Price 65.00% Loan Type Rental Purchase Amortization Interest Only due in 24 mos. Guaranteed Interest 6 months Loan Scenario: Real Estate Investor looking to purchase Mixed Use…
La Puente, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $125,000 Est. Valuation $2.51Mil Occup Non-Owner Occ. Interest Rate 12.75% CLTV on AVM Value 61.60% Loan Type Business Purpose Cash-Out Amortization Interest Only due in 3 years. Guaranteed Interest 6 months Loan Scenario: 790 Mid FICO Real Estate Investor looking for…
Covina, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $2.0Mil Purchase Price $5.0Mil Occup Non-Owner Occ. Interest Rate 11.50% LTV on Purch Price 40.00% Loan Type Business Purpose Cash-Out Amortization Interest Only due in 24 mos. Guaranteed Interest 6 months Loan Scenario: 673 Mid FICO and Real Estate Investor looking…
Murrieta, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $1.56Mil Purchase Price $1.95Mil Occup Non-Owner Occ. Interest Rate 11.50% LTV on Purch Price 80.00% Loan Type Fix and Flip Amortization Interest Only due in 12 mos. Guaranteed Interest 6 months Loan Scenario: 737 Mid FICO Real Estate Investor and General Contractor…
What Do Trust Deed Investors Really Want
The revelers sang “The 12 Days of Christmas” at our Holiday party the other night and our spirited late night rendition reminded me of the steps we need to take every day to get ready for Christmas Day. As my son reminds me every morning of how many days are left until Christmas, I realize…
CrowdTrustDeed Workflow Diagram
Moreno Valley, CA – Funding Now Download Full Summary – Moreno Valley, CA Property / Loan Information Property Type SFR Lien Position 1st Trust Deed Trust Deed Amount $135,000 BPO Value $225,000 Amortization and Term Interest Only due in 3 years LTV on BPO Value 60.00% Loan Type Business Purpose Cash-Out Occupancy Non-Owner Occupied Rate for Investor 10.00% Loan…
Corona Del Mar, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $200,00 AVM Valuation $2.51Mil Occup Non-Owner Occ. Interest Rate 12.50% CLTV on AVM Value 49.00% Loan Type Business Purpose Cash-Out Amortization Interest Only due in 12 mos. Guaranteed Interest 3 months Loan Scenario: Real Estate Investor and owner of a…
Los Angeles, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $1.15Mil Appraised Value $3.6Mil Occup Owner Occ. Interest Rate 9.50% LTV on Appraised Value 31.94% Loan Type Business Purpose Cash-Out Amortization Interest Only due in 3 years Guaranteed Interest 3 months Loan Scenario: 627 Mid FICO and Business Owners looking for…
Downey, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $326,400 Purchase Price $544,000 Occup Non-Owner Occ. Interest Rate 10.75% LTV on Purch. Price 60.00% Loan Type Rental Purchase Amortization Interest Only due in 12 mos. Guaranteed Interest 3 months Loan Scenario: Real Estate Investor looking to purchase Bank Owned SFR for…