We are one of the leading private money lenders for Real Estate Purchases & Projects in Northern California (over 700 loans funded) and are also now serving the Central Coast. Please drop us a line we d be happy to help you with your funding needs. Call today Daun Abbett (at) 530-262-5722 or email me from this ad Lending Guidelines Property Type Single or multi-family homes apartments and commercial property. Owner occupied and consumer loans OK Loan Size 100 000 to 3 000 000 and above. Loan to Value Ratios 70% loan to value in most cases. Higher % financing programs available. Interest Rates 8.9% - 11.9% typical. Interest only payments. Final terms based on the quality of the property location credit worthiness of the borrower and size of the loan. Origination Fees 2 - 3 points on larger loans and A paper. 3 - 4 points on smaller loans or B paper. 995 doc fee. Discounts for repeat clients. Quick Funding 5 - 7 business days typical to close. Faster for repeat clients. Deposits Required No up front fees required. Loan Maturities 5 months to 5 years. Valuation Method Appraisals generally required. Certain exemptions apply. Borrower Types Individuals Trusts LLCs Corporations. Prepayment Penalties 3 - 6 months minimum interest typical. Zero prepay penalty options available. Call today Daun Abbett (at) 530-262-5722 or email me from this ad Corp BRE Lic No. 01897444 Corp NMLB Lic No. 945582
Category: Financial Services
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