Westar Lending Group arranges residential hard money loans in Los Angeles that are funded by private investors and pension funds. Borrowers come to us when they are unable to obtain traditional bank financing due to credit or income challenges.
Our lending standards are so much different than what is employed by traditional funding sources, such as Fannie Mae and Freddie Mac. Our borrowers won’t spend months with us trying to get financing; we will let you know what we can do for you right away, and when we can do it.
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.