private money loans: California Private Money Bridge Loans to 85%
- 09/15/15 08:45 AM
While the real estate market continues to push forward we are finding more and more money coming into our private money programs. One of our large portfolio partners has just rolled out a new California private money bridge loan program that can take a property to 85% loan to value, funding deals anywhere between $1mm - $10mm. The terms of this program are fairly attractive, with loans being offered for 1-5 years on an interest only basis, usually staying in the single digits (or very close at the higher loan to value). We can work with most property types, but no consumer … (0 comments)
private money loans: How to Package Your Residential Hard Money Loans
- 02/23/08 05:41 PM
If you're a broker in today's market, you know that money has tightened up dramatically. Hard money has become the new subprime, and many brokers are finding themselves placing hard money loans for the first time. To make things more difficult, hard money lenders are inundated with loan requests. If you don't already have relationships with individual lenders, you need to package your file properly to ensure it gets a fair shake. All files are going to require the same basics, 1003, credit report, appraisal, signature authorization, mortgage statements and hazard insurance. Make sure you have these items before trying to … (1 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
While the real estate market continues to push forward we are finding more and more money coming into our private money programs. One of our large portfolio partners has just rolled out a new California private money bridge loan program that can take a property to 85% loan to value, funding deals anywhere between $1mm - $10mm.
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