Pasadena, California – The Borrower needed money as soon as possible to take advantage of a business opportunity relating to his business and he needed it fast. We were able to structure the loan as a Business Purpose loan secured by the Borrower’s personal residence. Since there are State and Federal loans regulations relating to lending on a Borrower’s personal residence, complying with our investors lending requirements would be changing.
We were able to comply with all the government requirements and our investors lending requirements and were able to get the Borrower the funds he needed to complete his business transaction. Pasadena, California.
Our residential hard money loans are designed to assist borrowers obtain real estate financing especially after their home loan applications have been declined by the banks due to credit or income issues. Our loans are flexible on income and credit, and based on property equity.
Westar Lending Group can arrange a private equity or hard money loan that can be used to balance out cash flow for your business throughout the year, to provide additional capital to purchase inventory, to expand the business, to finance desired business projects, to acquire another business, or to complete a joint venture. If the business carries inventory and additional capital is needed to make necessary purchases from wholesale suppliers, we can arrange the money necessary to make the business more profitable.
As is the case for each of our residential hard money loans, our funding decisions are based on the equity in the subject property owned by the borrower or the business. We don’t let negative credit, bad credit or lack of income stand in the way of making your business successful.
18034 Ventura Blvd Suite 244
Encino, California 91316