Since we are a Private Equity Lender and not constrained by needless government regulation that so often restrict the Big Banks or other large Institutional Lenders, we are able to lend on just about any type of real estate.
Our lending guidelines are so much more flexible than the Big Banks and other large Institutional Lenders.
The only restrictions are that we only lend on real estate, and the property we are lending on must be located in California.
There are several components of the property that we do take into consideration when providing real estate financing. They can be broken down into two general categories:
When making a loan to a Borrower we need to confirm that the Borrower does own the property we are being asked to lend money against. Furthermore we need to confirm if there are any other loans or liens recorded against the property. We accomplish this task by employing the services of a Title Company, who performs the title and lien investigation on the property. If there is ever any problems that comes up that could prevent us from lending we jump into action and work with our Borrowers, associated lien holders and any other party that need to be contacted in our quest to “Straighten Things Out” and get the title to the property “Cleared Up” so we can move forward and make our Borrower a real estate loan.
This can be further broken down into two categories:
Land, this is the part that God built, this is the ground that the structure is build on. When the property is appraised a value component is assigned to land value in the overall appraised value of the property. Land is not movable so land in a better location will appraise at a higher value. The old adage, location, location, location is so important in the valuation of the property.
Structure, this is the part that Man build. It can be a house, duplex, 4 plex, apartment building, commercial building or even a single purpose building.
We do consider the condition of the property when preparing to the make a Borrower a loan, but the good news is that we are so much more flexible than other lenders. We will allow deferred maintenance to be present when we close our loan. We just need to confirm that no hazards exist with the property when we close our loan.
We are always available to review your property free of charge to see if there might be any possible problems that might preclude us from making you a loan.
Our Lending Officers are available at (888) 797-7970 to assist you in clearing up any possible property matters and getting you the money, you need.