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Los Angeles County Hard Money Loans and Alternative Funding Options
The COVID-19 crisis has been an ongoing issue, impacting industries across the board.  The finance industry has not been exempt.  While rates for 30 year fixed loans that fit with Fannie/Freddie are at historic lows, finding funding for out of the box transactions can be difficult.  Right now our Los Angeles County hard money loans and alternative funding options can help fill this gap.
One of the harder hit areas of finance has been the non QM segment.  While this funding has been coming back, many programs look very different today than they did in early 2020.  Loan to values, rates and qualifications have changed.  One reason for this is that the secondary market for these loans has changed.  
Commercial lending is another area where the secondary markets - and even primary markets - have really changed.  Getting funding for commercial properties, even mixed use or multi-family residential, can be difficult.  Land, office, strip malls, etc. are tough to finance.  Many banks we have relationships with who specialize in and portfolio these types of loans have tightened up so much that even good looking files are getting turned down.
In these situations, hard money loans are a viable alternative.  
Hard money loans are funded from ... more

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