Asset Based Loans Call (702)900-9476 To Get Started
TRADITIONAL HARD MONEY LOANS
We like all types of commercial loans and high-end single families. We also syndicate to faciliate larger loan amounts
Interest Rates: As Low as 8.0% LTV: Up to 65% Lien Position: 1st Trust Deeds Only Loan Fee: 3% - 4% depending on the strength of the file Commitment Fees: None Loan Amounts: $100,000 and up Loan Term: 6 - 24 Months Documentation: No appraisals or tax returns most of the time Underwriting Times: 48 Hours Closing Times: As little as 7 days Geography: Nationwide Sub. Requirements: 1003 Application or Loan submission Profit and Loss (if applicable) Rent Roll (if applicable) Color Photos |
BULK REO FINANCING
This loan is similar to our Traditional Hard Money Loan except that it is tailored for someone buying multiple properties for short term flips. This loan is intermediate into our line of credit program.
Interest Rates: As Low as 8.0% LTV: Up to 65% Lien Position: 1st Trust Deeds Only Loan Fee: 2% - 4% depending on the strength of the file Commitment Fees: None Loan Amounts: $500,000 and up (combined) Loan Term: 6 - 12 Months Documentation: No appraisals or tax returns most of the time Underwriting Times: 48 Hours Closing Times: As little as 7 days Geography: California Sub. Requirements: 1003 Application or Loan submission Schedule of Real Estate Color Photos |
SPECIALIZED LONG-TERM PRIVATE MONEY
This program differs from our traditional program above in a variety of ways. Longer terms and lower fees. See below.
Interest Rates: As Low as 8.0% LTV: Up to 50% Lien Position: 1st Trust Deeds Only Loan Fee: As low as 2.0%! Commitment Fees: None Loan Amounts: Up to $1,000,000 Loan Term: Up to 7 years! Documentation: Appraisal required, tax returns helpful though loans are stated. If appraisal submitted with package, appraisal review required. Underwriting Times: 24 - 48 Hours Closing Times: As little as 14 days Geography: Nationwide Sub. Requirements: 1003 Application or Loan submission Credit Report Color Photos |
OWNER OCCUPIED HARD MONEY LOANS
Proof of ability to pay strictly enforced.
Interest Rates: As Low as 9.0% LTV: Up to 65% Lien Position: 1st Trust Deeds Only Loan Fee: 1.0% - 4.0% depending on the strength of the file Commitment Fees: None Loan Amounts: $25,000 - $1,000,000 Loan Term: 24 - 72 months Documentation: Appraisals required Underwriting Times: |48 Hours Closing Times: As little as 14 days Geography: Nationwide Sub. Requirements: 1003 Application or Loan submission Credit Report 2 months Bank Statements 2 Years Tax Returns & W2's 2 Recent Paycheck Stubs |
SYNDICATED COMMERCIAL LOANS - NATIONWIDE
Multi-family, retail, office, and more. Properties must be in a metropolitan area.
Interest Rates: As Low as 9.0% LTV: 65% Lien Position: 1st Trust Deeds Only Loan Fee: 2.5% - 5.0% depending on the strength of the file Commitment Fees: None Loan Amounts: $100,000 and up Loan Term: 6 - 60 Months Documentation: Appraisal and Tex Returns required some of the time. Underwriting Times: 48 Hours Closing Times: As little as 14 days Geography: Nationwide Sub. Requirements: 1003 Application or Loan submission Profit and Loss Rent Roll Color Photos Personal Financial Statement (not required, but helpful) Credit Report |
2ND TRUST DEED PROGRAM FOR REHAB MONEY
Residential preferred, some commercial considered.
Interest Rates: Starting at 15% LTV: various Lien Position: 2nd Trust Deeds Loan Fee: Starting at 5.0% Commitment Fees: None Loan Amounts: Up to $100,000 Loan Term: 6 Months Documentation: Appraisal and Tex Returns required some of the time, depending on the overal file. Underwriting Times: 48 Hours Closing Times: As little as 7 days Geography: California Only Sub. Requirements: 1003 Application or Loan submission Credit Report 1st Trust Deed Term Sheet Color Photos |
LINE OF CREDIT FOR REO ACQUISITIONS AND REFINANCES
We also offers two unique programs specifically tailored for bulk REO financing. Call for more details.
SMALL Line of Credit for REO Properties
Minimum Loan Amount: $1,000,000
Loan to Value: 30% - 45% Interest Rate: 8% - 10%% Points: 2.5% - 4.0% Appraisal Fee: $500 per appraisal Loan Term: 24 months Geography: Southern California Real Estate Only....You only have to pay the fees once!..After the loan is closed you can begin....exchanging properties and re-using the the line |
LARGE Line of Credit for REO Properties
Minimum Loan Amount: $1,500,000
Loan to Cost: 50% - 60% Interest Rate: 9% Points: 4.0% Site Inspection Fee: $250 - $350 per property Partial Reconveyance: Same as loan amount Loan Term: 12 months with extensions Geography: California Real Estate Only...You only have to pay the fees once!..After the loan is closed you can begin....exchanging properties and re-using the the line |