Alhambra, California Funded Loan

Alhambra, California

Property Type: Single Family Residence

Lien Position: 2nd Trust Deed

Loan Amount: $70,000.00

Appraised Value: $475,000.00

LTV: 62%

Loan Rate: 11%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “24” Months Interest Only

Yellow and White Single Family house located in Alhambra, California where our company arranged a $70,000.00 2nd Trust Deed Hard Money Loan

Alhambra, California – The Borrower was in need of funds to make general property improvements to a single-family rental property in Alhambra, California. The property had never had any upgrades since it was built and was in need of major improvements.

When he contacted our company, he was so frustrated from his unpleasant experience with several major banks, where each bank put him through “Paperwork Hell” and never funded his loan.

He had great credit but was not able to obtain a 2nd Trust Deed from any bank due to the subject property being vacant.  Our company funded a new 2nd Trust Deed for $70,000.00 at 11% in less than “2” weeks behind his current 1st Trust Deed.

He was able to make all the necessary improvements and got top rent for his property in Alhambra, California.

Our residential hard money loans are designed for borrowers with poor credit, bad credit, or limited income who need money to purchase a home, refinance a home, or to refinance an existing investment property.

Borrowers can use their existing rental properties to pay off existing debt or cash out for additional investment purposes.  In addition to funding hard money residential loans, we also are hard money lenders for apartment buildings, commercial properties, and industrial properties.  We can structure our hard money loans to an individual, a corporation, an LLC, a partnership or to a trust.  In today’s Los Angeles real estate environment, homebuyers need to move fast to take advantage of buying opportunities.  We can move as fast as necessary to help real estate buyers achieve their financial goals.

We believe that just because borrowers have bad credit or low income, they should not be prevented from getting the residential hard money loan they need.