Rancho Cucamonga, CA Download Full Summary Property / Loan Information Property Type Condo Lien Position 1st TD Loan Amount $55,000 Est. Valuation $102,000 Occup Non-Owner Occ. Interest Rate 11.75% LTV on Est. Value 53.92% Loan Type Business Purpose Cash-Out Amortization 30 Year amort/due in 12 months Guaranteed Interest 6 months Loan Scenario: Real Estate Investor/Rehabber and…
Victorville, CA – Funded 6/10/14 Download Full Summary – Victorville, CA Property / Loan Information Property Type SFR Lien Position 1st Trust Deed Trust Deed Amount $105,000 Current Valuation $187,000 Amortization and Term 40 Year amort/due in 3 years LTV on Current Value 56.15% Loan Type Business Purpose Cash-Out Occupancy Non-Owner Occupied Rate for Investor 8.75% Loan Maturity…
San Bernardino, CA – Funding Now Download Full Summary – San Bernardino, CA Property / Loan Information Property Type SFR Lien Position 1st Trust Deed Trust Deed Amount $80,250 Purchase Price $107,000 Amortization and Term 40 Year amort/due in 3 years LTV on Purch. Price 75.00% Loan Type Fix and Rent Occupancy Non-Owner Occupied Rate for…
La Canada Flintridge, CA – Funding Now Download Full Summary – La Canada Flintridge, CA Property / Loan Information Property Type SFR Lien Position 1st Trust Deed Trust Deed Amount $840,000 Purchase Price $1.20M Amortization and Term 40 Year amort/due in 12 mos. LTV on Purch. Price 70.00% Loan Type Business Purpose Purchase Occupancy Non-Owner Occupied…
My wife and I spring cleaned our house over the weekend and felt refreshed and invigorated. Out with the old to make room for the new. I cleaned my closets, storage areas, hard drives and double checked my wallet to eliminate any Credit Cards I don’t use. I embraced Monday with a new fervor to…
Northridge, CA – Funding Now Download Full Summary – Northridge, CA Property / Loan Information Property Type SFR Lien Position 1st Trust Deed Trust Deed Amount $436,875 Purchase Price $582,500 Amortization and Term 40 Year amort/due in 3 years LTV on Purch. Price 75.00% Loan Type Fix and Rent Occupancy Non-Owner Occupied Rate for Investor…
10 borrower characteristics that should be considered while underwriting a hard money loan Real Estate provides the collateral for most hard money loans however there are many borrower characteristics that should be considered while underwriting a loan. One of the best ways to avoid fraud and determine if a Hard Money Loan makes sense is…
San Bernardino, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $86,250 Purchase Price $115,000 Occup Non-Owner Occ. Interest Rate 11.25% LTV on Purch. Price 75.00% Loan Type Rental Purchase Amortization 40 Year amort/due in 3 years Guaranteed Interest 6 months Loan Scenario: Real Estate Investor looking to…
San Clemente, CA Download Full Summary Property / Loan Information Property Type Commercial Building Lien Position 1st TD Loan Amount $650,000 Appraised Value $950,000 Occup Non-Owner Occ. Interest Rate 11.00% LTV on Appraised Value 68.42% Loan Type Business Purpose Cash-Out Refi Amortization 40 Year amort/due in 3 years Guaranteed Interest 6 months Loan Scenario: Restaurant &…
Castaic, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $280,300 Purchase Price $350,374 Occup Non-Owner Occ. Interest Rate 11.50% LTV on Purch. Price 80.00% Loan Type Fix and Flip Amortization 40 Year amort/due in 12 months Guaranteed Interest 3 months Loan Scenario: 724 FICO Real Estate Broker,…
Moreno Valley, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $217,750 Purch. Price $335,000 Occup Non-Owner Occ. Interest Rate 10.50% LTV on Purch. Price 65.00% Loan Type Rental Purchase Amortization 40 Year amort/due in 5 years Guaranteed Interest 6 months Loan Scenario: Real Estate Investors and owners…
Lender Real Estate Owned (REO) Duplex now for Sale in Pismo Beach. Excellent income potential. Listed at $875,000. Completely remodeled Duplex for Sale in Downtown Pismo Beach. 2/2 downstairs great for a vacation rental. 2/1 upstairs perfect for the owner or another rental. See the listing below: http://www.redfin.com/CA/Pismo-Beach/542-Dolliver-St-93449/home/49803169 Estimated Conservative 5.5% Cap Rate as a…
I recently attended the Real Estate Investor Expo “REIEXPO” in Anaheim, CA and enjoyed meeting many Real Estate Investors while learning about new Investment strategies. What struck me about the meeting was the plethora of methods Real Estate Investors use to make money in Real Estate. Investors with different education, skill sets, risk tolerances, time,…
Long Beach, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $50,000 Est. Valuation $350,000 Occup Owner Occ. Note Rate 13.50% CLTV on Est. Valuation 55.26% Loan Type Business Purpose Cash-Out Amortization 40 Year amort/due in 5 years Guaranteed Interest 6 months Loan Scenario: Owner-Occupant looking for cash-out…
5 Bdr, 5 Bath, 3,874 s.f. SFR now for sale for $1,450,000 in the Lantern Village in Dana Point. Highlights: -Ocean View from every room -Remodeled inside and out -3 levels with beautiful decks -Income and development potential See listing information on the below Zillow and Redfin Links: http://www.zillow.com/homes/33862-Barcelona-Pl.,-dana-point-ca_rb/ http://www.redfin.com/CA/Dana-Point/33862-Barcelona-Pl-92629/home/4984352
Having provided close to 200 Private Money Loans to Real Estate Investors and House Flippers gives us a perspective and experience on best practices for House Flippers. We have worked with Flippers who have exceeded their income goals and others that have lost money on the flip. A major part of the flip is to…
Irvine, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $515,000 BPO Valuation $792,000 Occup Owner Occ. Note Rate 11.50% LTV on BPO Valuation 65.05% Loan Type Business Purpose Cash-Out Amortization 30 Year amort/due in 5 years Guaranteed Interest 6 months Loan Scenario: Borrower is an attorney looking…
Scenarios where buyers, sellers, investors and business owners have chosen Hard Money. While Hard Money rates are certainly higher than conventional loan terms, in many instances the money is less expensive compared to other financing alternatives or the potential loss of potential revenue on a business transaction. Additionally, Hard Money eligibility requirements are less…
Moreno Valley, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $129,000 BPO Valuation $215,000 Occup Non-Owner Occ. Interest Rate 11.50% LTV on Est. Valuation 70.00% Loan Type Business Purpose Cash-Out Amortization 30 Year amort/due in 2 years Guaranteed Interest 6 months Loan Scenario: Real Estate Investor looking…
What steps should a self-employed borrower take to get a loan? Self-Employment carries many benefits including making decisions, schedule flexibility and not having to work for an incompetent Boss. However there are some disadvantages to generating your own income when it comes to applying for a home loan. Today, under new Federal Regulations, borrowers…
Adelanto, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $86,700 BPO Valuation $144,500 Occup Non-Owner Occ. Interest Rate 11.25% LTV on BPO Valuation 60.00% Loan Type Business Purpose Cash-Out Amortization 40 Year amort/due in 3 years Guaranteed Interest 6 months Loan Scenario: Real Estate Investor…
How can a lender be quick to fund but not hurry the transaction? John Wooden, world renowned and legendary UCLA Basketball Coach and Author of the “Pyramid of Success” said “Be Quick but Don’t Hurry” to his players. In other words, do the right things, but learn how to do them quickly. Author Andrew…
La Quinta, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $302,250 Purchase Price $465,00 Occup Non-Owner Occ. Interest Rate 10.75% LTV on Purch. Price 70.00% Loan Type Rental Purchase Amortization 30 Year amort/due in 12 months Guaranteed Interest 3 months Loan Scenario: Real Estate Investor,…
Yucca Valley, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $73,800 BPO Valuation $123,000 Occup Non-Owner Occ. Interest Rate 12.00% LTV on BPO Valuation 60.00% Loan Type Business Purpose Cash-Out Amortization 40 Year amort/due in 3 years Guaranteed Interest 6 months Loan Scenario: Real Estate Investor,…
Los Angeles, CA Download Full Summary Property / Loan Information Property Type Quadruplex Lien Position 1st TD Loan Amount $357,524 Purchase Price $510,749 Occup Non-Owner Occ. Interest Rate 10.75% LTV on Purch. Price 70.00% Loan Type Rental Purchase Amortization 30 Year amort/due in 12 months Guaranteed Interest 3 months
Long Beach, CA Download Full Summary Property / Loan Information Property Type Land Lien Position 1st TD Loan Amount $220,000 Est Valuation $834,609 Occup Non-Owner Occ. Interest Rate 15.00% LTV on Est Value 26.36% Loan Type Business Purpose Cash-Out Refi Amortization 40 Year amort/due in 12 months Guaranteed Interest 3 months
Woodland Hills, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st Trust Deed Loan Amount $240,000 Estimated Valuation $478,000 Est. Value/s.f. $777.23/s.f. LTV on Est. Value 50.21% Loan Type Cash-Out Refi Amortization 30 Year amort/due in 2 years Prepay Penalty 6 months
Apple’s Siri on the iPhone amazes us all with her witty responses and incredible knowledge. IBM’s Watson Super Computer beat the best brains in the world at Jeopardy and is now tackling real world problems including medical diagnosis and underwriting. What do these machines have in common? They both learn from their mistakes. The promise…
With the Holidays around the corner and increasing tax burdens coming our way, it is a good time for Mortgage Brokers to contemplate ways to earn additional income. A proven method to increase income is to monetize existing leads. Turn a “No” into a “Yes”. Take a Bank (conventional lender) turndown and convert that lead…
How do Hard Money loans give opportunity to borrowers? I attended a breakfast meeting with Terry Donahue, former illustrious UCLA Head Football Coach, and he mentioned “Life is About Opportunity”. Terry currently give’s high school football players opportunity to receive a college football scholarship at his California Showcase. (http://cashowcase.org) In 2012 450 player athletes…