Wholesale Hard Money
We raise wholesale hard money from a variety of sources to fund the mortgages they provide to individual in California. The traditional hard money loans are still the most common way of financing mortgages and raise the capital from private individuals. It is estimated that this accounts for around 40% of mortgage funding today. But despite the continuing importance of the traditional model of mortgage , the private money are not capable of funding in its entirety the current California mortgage market. Wholesale hard money is therefore a highly important source of funding, providing a range of options for private lenders, and ultimately for California borrowers.
The scale and success of the American mortgage market is built on a balance of retail and wholesale hard money funding. Over the last decade, it has enabled home-ownership to expand from 55% to 68% of the population in Los Angeles area. Efficient funding has helped deliver a highly efficient mortgage market in California.And access to a range of different financial options has helped reduce costs for consumers and deliver a wide range of financial products available.
Wholesale hard money options includes instant access to an individuals cash and some other financial sources. Some private investors offer their their money for longer periods in exchange for a higher rate of interest.
Our Company with the large amount of people who want to invest in real estate maintain s a significant lenders network in California and offer range of financial options for consumers and individual mortgage brokers with access to wholesale hard money funding . But maintaining this type of network and accessing private funds in this way tends to be more expensive than some of the traditional ways of funding mortgages because like for any wholesale hard money lender to raise significant funds it will need to attract a large number of private investors.
