Services
Our Hard money loan is financial product offering in Los Angeles a specialized type of real estate backed loan. Hard money lender provide short term loans (also called a bridge loan) that provide funding based on the actual cash value of real estate that has been collateralized for the loan. We have higher interest rates than banks because we fund deals that do not conform to bank standards.
We will offer a range of requirements on the loan-to-value percentage, type of real estate and the loan size for a hard money loans.
Hard money loans in Los Angeles are more expensive because they are not based upon traditional credit guidelines which protect investors from high default rates. As hard money lenders we may not require the income verification that typical lenders require, they experience higher default rates (and, thus, charge a higher rate of interest). Individuals and companies may take a hard money loan when they cannot obtain typical mortgage financing because they do not have acceptable credit or other necessary documentation.
Hard money collateral is can include other assets of the individual or business borrowing the hard money. In many cases as a hard money lender we will offer a smaller loan size based upon a lower "Loan To Value Ratio". This means that loan amount would be no more than 65% of the property value.
We serve a Los Angeles regional market, but in many cases may help nationwide. Our Company is represented by California Licenced broker who may take a percentage of the loan (called points) in exchange for preparing and submitting the loan documentation.
Hard money loans products:
Wholesale Hard Money , Hard Money Equity Line, Foreclosure Bailout Loans , Private Money Construction loans, Bankruptcy Bailout Loans, Bridge Loans , Hard Money Mortgage , Payday Loan Cash Advance , Fast Cash Loans.
