The process for Retail Loan Submission (for Individual borrowers, Investors and Builders):
1. Call me directly at: 562-344-5626, 5 minute submission based on the asset.
2. Send me a Loan Summary, include loan details, debt servicing, and exit strategy.
3. Call or email to complete a 1003 Loan Application after we get you a Term Sheet.
4. Provide a Recent Appraisal or Pictures and a Recent Credit Report, if available.
Here is the loan -
Private Money Loans for Non-Owner Occupied properties.
- Commercial and Residential Loans for purchase or refinance up to 90% LTV.*
- Terms: 1, 2 or 4 year loans amortized for 30 years.
- Rates from 7% and 2 points.
- NO minimum FICO score required.
- 7 day close of escrow.
- No prepayment options for fix and flip.
- 3 year fixed, 30 year amorization for Buy and Hold investors.
- Investor & REO financing.
- Interest only available.
- Any amount of properties allowed.
- Interest reserve options.
- In Bankruptcy or Foreclosure OK.
- Unlimited cash out.
- No title seasoning required.
- 4 months PITI reserves required.
- Loan available in: California, Arizona, Washington, Texas and Florida. Also available nationwide.
* 90% LTV of the Purchase Price or 80% of the Appraisal (BPO), whichever is less.
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