La Puente, California Funded Loan
La Puente, California
Property Type: Single Family Residence
Lien Position: 1st Trust Deed
Loan Amount: $185,000.00
Appraised Value: $375,000.00
Loan Rate: 10%
Loan Type: Investment Purpose
Occupancy: Non-Owner Occupancy
Term: “24” Months Interest Only
La Puente, California – Our Borrower had a GREAT deal in China and she was in a real hurry to raise $185,000.00. She had less than “2” weeks remaining to raise the funds before the window of opportunity closed. She owned a single family residence where she had added several extra bedrooms and bathrooms in order to rent the property out to numerous individual people.
Since she had done all the work to the property without obtaining building permits, no bank would consider lending on the property. Our company put her loan on high priority in La Puente, California and was able to get around the Building Permit issues and funded her loan within the allotted time frame.
She was able to get her China deal done and was expecting a great return on her investment in La Puente, 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.