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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.
