Winnetka, California Funded Hard Money Loan

Winnetka, California

Property Type: Condominium

Lien Position: 1st Trust Deed

Loan Amount: $155,000.00

Appraised Value: $281,000.00

LTV: 55%

Loan Rate: 9%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “24” Months Interest Only

Encino, California

Winnetka, California – In February 2018 our Borrower was referred to us by a prior Borrower of our company since she heard that she was having a hard time getting financing to purchase a Condominium in Winnetka, California and thought that we might be able to help her.

The Borrower had just moved her from Russia, had no way to prove her income but had available cash to put down a large down payment.  We were able to arrange a new $155,000.00 1st Trust Deed at 9% for 2 years.

The monthly rental amount she received covered all property expenses and provided her monthly net income.

We’re aware that the process of applying for a residential hard money loan can be a stressful experience. We don’t ask our borrowers to wait weeks and weeks as credit histories and credit payment records are investigated. We won’t call you numerous times asking about credit items we have discovered on your credit report and how it might prevent you from obtaining the residential hard money loan you need.

We also don’t ask borrowers to jump through hoops searching for tax returns and associated documentation to prove income.

We make it as easy as possible for borrowers to get a residential hard money loan in Los Angeles. We base our mortgage loans on the equity borrowers have in their properties, so borrowers won’t have the same bad experience they’ve had in the past with institutional lenders.

We always try to make the residential hard money loan process as easy and pleasant as possible. Winnetka, California