hard money rehab: California Hard Money Purchase Loans to 75% LTV or More
- 03/05/14 02:51 AM
The real estate market here in California seems as if it is well on the way to recovery. This is good news for most, with an ancillary benefit in my line of work being increased loan to value ratios on purchases. For hard money lending over the past number of years, loan to value ratios have been fairly conservative. 60% loan to value caps were not uncommon not long ago, and today many firms are capping loan to value ratios at 65%. This means that a buyer of a property with hard money financing had to put down at least 35% … (0 comments)
hard money rehab: Hard Money Loans - 100% Acquisition and Rehab Loans
- 10/13/08 06:03 PM
Hard money loans are a good way to take advantage of the opportunities created by the downturn in today's housing market. I get a lot of calls from real estate investors looking for hard money loans to purchase and rehab property they can purchase below market value. Many are looking for 100% financing, which is a tough thing to find in today's lending climate. With that being said, there are programs that do allow for 100% acquisition financing on these rehab transactions. The guidelines for these 100% acquisition and rehab loans are pretty straight forward. You will need cash or additional … (0 comments)
Hard money loans are an alternative form of financing. We explore the real estate world and options that hard money lenders can bring to the table.
Chris Goulart, DRE Lic. # 01458390 NMLS Lic. # 298819 DWJ CA Broker Lic. # 01180522
The real estate market here in California seems as if it is well on the way to recovery. This is good news for most, with an ancillary benefit in my line of work being increased loan to value ratios on purchases.
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