The Borrower in Tustin, California had good credit and a steady job and had tried at his credit union and at several banks to get a loan on one of his investment properties. Since he owned more than “5” rental properties in Texas and due to the underwriting standards that the big banks currently employ he was not able to get financing. He needed to make necessary repairs to several of his properties or risk losing several good tenants.
He was very frustrated when he contacted our company. We assured him that we will come through and get him the money he needs since company is not restricted by the same rules of the big banks. We were able to fund his loan in just over a week in Tustin, California. Suffice to say he was very happy!!!!
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.
18034 Ventura Blvd Suite 244
Encino, California 91316