Due to the increasing demand for quality second trust deeds by the private investment community, some of the costs and rates normally associated with these types of loans have dropped. Below is a matrix of the various offers being made by the private money lending community:
ASSET CLASS and GENERAL LOAN TO VALUE
Land--50% CLTV
Commercial--70% CLTV
Mid/Complete construction--75% CLTV
RATES BY ASSET CLASS and LTV
Land < 30% 10.000% - 11.000% and >30% 11.000% - 15.000%
Commercial <55.000% 8.000% - 10.000% and >55.000% 10.000% - 13.000%
Construction <60.000% 10.000% - 12.000% and >60.000% 12.000% - 13.000%
FEES, SERVICES and GUIDELINES
- Underwriting fee on all transactions is between $1,000 - $3,000 depending on complexities
- Points all are negotiable between brokers, usually between 2-5
- Unless there are special circumstances, this firm uses their own title and for escrow services.
- Turn around times generally are between 7-10 business days
- 24 hour underwriting and pricing on all transactions
All inquiries will be underwritten and evaluating, irrespetive of their various complexities and limiting attributes. We are responsibly underwriting NON CONSUMER, COMMERCIAL JUNIOR DEBT-LOANS. Please call or write with your scenario...
At this time we are only pursuing loan scenarios in southern California region:
On another note, If you have an IRA and want to investigate how to best use these funds for investments of YOUR choice, feel free to bring your IRA statements for a professional analysis by panel members.
Please call or email your questions about transactions.
Massey Kouhssari (949) 607-8808
We currently specialize and lend only in the state of California and all its 66 Counties & its 481 cities:
Alameda County, Alpine County, Amador county, Butte county, Claveras county, Colusa county, Contra Costa county, Del Norte county, El Dorado county, Fresno Glenn county, Humboldt county, Imperial county, Inyo county, Kern county, Kings county, Klamath county, Lake Lassen, Los Angeles, Madera, Marin, Mariposa, Mendocino, Merced, Modoc, Mono, Monterey, Napa, Nevada, Orange, Placer, Plumas, Riverside, Sacramento, San Benito, San Bernardino, San Diego, San Francisco, San Joaquin, San Luis Obispo, San Mateo, Santa Barbara, Santa Clara, Santa Cruz, Shasta, Sierra, Siskiyou, Solano, Sonoma, Stanislaus, Sutter, Tehama, Trinity, Tulare, Tuolumne, Ventura, Yolo, Yuba
All the cities included in our territory. We lend in the following cities: