![]()
Our private or "hard money" loans are quick-close loans based upon existing equity in the property. They are generally most suitable for situations where a bank loan isn't feasible owing to short time frame and/or poor credit. Loan Amount: $50,000 to $1,000,000. Higher loan amounts considered on a case-by-case basis. Use of Funds: Purchases, Refinances: Rate & Term or Cash Out. LTV / CLTV: Usually up to 70% LTV on single family homes, units and other commercial property. Less on land. Subordinated seller or other financing generally okay. Term: 6 months to 5 years. Sometimes longer. Credit: No minimum FICO. Eligible Property Types: All kinds of residential or commercial property, subject to LTV limitations. Location: California only. Programs & Solutions: Neg Am 2nds, Commercial/Mixed-Use 1sts & 2nds, Manufactured Home Loans, Lot/Land Loans, Construction Loans. Approval & Closing: 1 to 2 weeks. |