CALL NOW (310) 817-9435
Private Money Residential & Commercial
We make Refinancing and Purchasing as easy as 1-2-3.
CALL NOW (310) 817-9435
Private Money Residential & Commercial
We make Refinancing and Purchasing as easy as 1-2-3.
Our Services
NON-QM?
"Non-Qualified Mortgage (Non-QM) loans are typically for borrowers with unique income qualifying circumstances. There are millions of people who may have the income but don't qualify with their tax returns, W-2s or pay stubs alone. " Ask us about our Asset depletion Refinance and Purchase programs.
What is Private Money?
“Private money” generally refers to funding provided by a family member, friend, business partner, or other acquaintance. In short, a private money loan comes from a source that isn’t typically in the business of providing loans. Given the relationship between the lender and the borrower, a private money loan may mean more flexible terms and a lower interest rate than an equivalent hard money loan. For the average real estate borrower, private money loans are in limited supply and may be difficult to find. " We are the Top Private money solution in SoCal. Ask around you will find out why. We fund on time and usually on average within 7-10 business days or less! Our word is our Bond, what we say actually happens.
What is Hard Money?
"Meanwhile, “hard money” – whose name refers to the “hard” assets underlying the loan, such as real real estate – generally refers to funding provided by non-institutional lending companies with, usually, set and defined lending criteria. Hard money lenders are in the business of lending money and in far greater supply for the typical real estate borrower." We typically are not doing a high volume of Hard money loans unless it makes sense as an Alternative to a Construction loan that might take 60 days to Fund. Hard money is a very fast necessary solution in these type of time sensitive circumstances.
"If you are in the business of buying and renovating properties, both types of loans should be in your pool of resources. Knowing what is the difference between private money loans and hard money loans will create and enhance opportunities in the marketplace."
What is a Construction loan?
"A construction loan (also known as a “self-build loan") is a short-term loan used to finance the building of a home or another real estate project. The builder or home buyer takes out a construction loan to cover the costs of the project before obtaining long-term funding."
What is an ARV loan?
The Hard Money ARV
"ARV, on the other hand, stands for “After Repair Value.” This means that when you see that same building at a price of $20000, but realize with the right repairs, it can sell for $100000, you can take those figures to a hard money lender. "
What Is the Debt-Service Coverage Ratio (DSCR)?
"The debt-service coverage ratio (DSCR) measures a firm's available cash flow to pay current debt obligations. The DSCR shows investors and lenders whether a company has enough income to pay its debts. The ratio is calculated by dividing net operating income by debt service, including principal and interest."
Read more: https://www.investopedia.com/terms/d/dscr.asp
https://www.bankrate.com/loans/small-business/what-is-dscr/
What Is a Bridge Loan?
"A bridge loan is a short-term loan used until a person or company secures permanent financing or pays an existing obligation. It allows the borrower to meet current obligations by providing immediate cash flow. Bridge loans have relatively high interest rates and are usually backed by some form of collateral, such as real estate or the inventory of a business.
These types of loans are often used in real estate and are also called bridge financing or a bridging loan."
Read more: https://www.investopedia.com/terms/b/bridgeloan.asp
What is a Land Loan?
"A land loan is financing that allows you to purchase a plot of land. As with a home mortgage, you can obtain a land loan through a bank or a lender, who will evaluate your credit history and the value of the land to determine if you're an eligible buyer. ... That makes land loans a riskier transaction for a lender."
