HARD MONEY LENDING can be a good way to go for real estate investors.
Investors in California residential real estate have taken a beating since July 2006.
Some investors these days would rather buy and own NOTES and DEEDS OF TRUST (mortgages) ... than the actual real property.
If you have liquid funds or equity in real estate and want to get a better return on investment (ROI), Hard Money Lending ... or Trust Deed Investing in California could be for you.
In California the term "MORTGAGE" is used interchangeably with "PROMISSORY NOTE SECURED BY DEED OF TRUST". (We don't actually have mortgages here)
Investors want safe trust deed investment opportunities secured by first or second trust deed on mortgage loans.
Banks and institutional mortgage lenders are busy and don't like jumbo loans, and some are lending only to safe or perfect borrowers with strong FICO's, documented income and good equity.
PRIVATE MONEY LENDERS are needed in this market ... these lenders base their decisions upon the strength of equity in the property, the borrower's ability to pay, and a planned for exit strategy.
Most trust deed investors like to see fixed 10 percent or more return on strong equity positions collateralized by the real estate.
That private money investment would be secured by a First or Second Deed of Trust (mortgage) and a Promissory Note on the property being used as collateral.
Loans to be purchased by investors should carry title insurance, have clear title, appraisal or broker price opinion (BPO) and investor site inspection.
We have information on PRIVATE MONEY LENDERS ... and investors ... for your reference. Please contact us for your options in California trust deed investing.
Harrison K. Long, Explore Group Properties, Coldwell Banker Previews.
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