Construction Lending and the Ease of Using a Private Money Lender
Getting a construction loan from a traditional lender can be tough. Why is this? Construction loans are the riskiest type of loan for a bank to provide because they are essentially being asked to provide money for a building that does not yet exist. A lot of fraud...
Newport Beach with water access
Loan Amount: $1,000,000 Rate: 5.99% Appraisal Value: $ 2,850,000 Term: 36 months Lien Position: First Thanks to our loan terms and quick turn-around time, the borrower was able to close escrow on the purchase of this remarkable investment property on Linda Island in...
Luxury Home in Rancho Santa Fe
Loan Amount: $1,000,000.00 Rate: 6.99% Appraisal Value: $2,450,000.00 Term: 24 months Lien Position: First Our borrower purchased this home 6 months earlier with cash. We were able to provide a cash out of $1 million for the borrower to invest the capital back into...