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Low Cost second mortgages From the Desk of Massey Kouhssari

posted Aug 15, 2012, 2:25 PM by Massey Kouhssari

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:

Adelanto Agoura Hills Alameda Albany Alhambra Aliso Viejo Alturas † Amador City American Canyon Anaheim Anderson Angels Camp Antioch Apple Valley * Arcadia Arcata Arroyo Grande Artesia Arvin Atascadero Atherton * Atwater Auburn † Avalon Avenal Azusa Bakersfield † Baldwin Park Banning Barstow Beaumont Bell Bell Gardens Bellflower BelmontBelvedere Benicia Berkeley Beverly Hills Big Bear Lake Biggs Bishop Blue Lake Blythe Bradbury Brawley Brea Brentwood Brisbane Buellton Buena Park Burbank Burlingame CalabasasCalexico California City Calimesa Calipatria Calistoga Camarillo Campbell Canyon Lake Capitola Carlsbad Carmel-by-the-Sea Carpinteria Carson Cathedral City Ceres Cerritos ChicoChino Chino Hills Chowchilla Chula Vista Citrus Heights Claremont Clayton Clearlake Cloverdale Clovis Coachella Coalinga Colfax Colma * Colton Colusa † Commerce Compton ConcordCorcoran Corning Corona Coronado Corte Madera * Costa Mesa Cotati Covina Crescent City † Cudahy Culver City Cupertino Cypress Daly City Dana Point Danville * Davis Del Mar Del Rey Oaks Delano Desert Hot Springs Diamond Bar Dinuba Dixon Dorris Dos Palos Downey Duarte Dublin Dunsmuir East Palo Alto Eastvale El Cajon El Centro † El Cerrito El Monte El Segundo Elk Grove Emeryville Encinitas Escalon Escondido Etna Eureka † Exeter Fairfax * Fairfield † Farmersville Ferndale Fillmore Firebaugh Folsom Fontana Fort Bragg Fort JonesFortuna Foster City Fountain Valley Fowler Fremont Fresno † Fullerton Galt Garden Grove Gardena Gilroy Glendale Glendora Goleta Gonzales Grand Terrace Grass Valley GreenfieldGridley Grover Beach Guadalupe Gustine Half Moon Bay Hanford † Hawaiian Gardens Hawthorne Hayward Healdsburg Hemet Hercules Hermosa Beach Hesperia Hidden Hills HighlandHillsborough * Hollister † Holtville Hughson Huntington Beach Huntington Park Huron Imperial Imperial Beach Indian Wells Indio Industry Inglewood Ione Irvine Irwindale Isleton Jackson †Kerman King City Kingsburg La Cañada Flintridge La Habra La Habra Heights La Mesa La Mirada La Palma La Puente La Quinta La Verne Lafayette Laguna Beach Laguna Hills Laguna Niguel Laguna Woods Lake Elsinore Lake Forest Lakeport † Lakewood Lancaster Larkspur Lathrop Lawndale Lemon Grove Lemoore Lincoln Lindsay Live Oak Livermore Livingston LodiLoma Linda Lomita Lompoc Long Beach Loomis * Los Alamitos Los Altos Los Altos Hills * Los Angeles † Los Banos Los Gatos * Loyalton Lynwood Madera † Malibu Mammoth Lakes *Manhattan Beach Manteca Maricopa Marina Martinez † Marysville † Maywood McFarland Mendota Menifee Menlo Park Merced † Mill Valley Millbrae Milpitas Mission Viejo Modesto †Monrovia Montague Montclair Monte Sereno Montebello Monterey Monterey Park Moorpark Moraga * Moreno Valley Morgan Hill Morro Bay Mount Shasta Mountain View Murrieta Napa †National City Needles Nevada City † Newark Newman Newport Beach Norco Norwalk Novato Oakdale Oakland † Oakley Oceanside Ojai Ontario Orange Orange Cove Orinda OrlandOroville † Oxnard Pacific Grove Pacifica Palm Desert Palm Springs Palmdale Palo Alto Palos Verdes Estates Paradise * Paramount Parlier Pasadena Paso Robles Patterson PerrisPetaluma Pico Rivera Piedmont Pinole Pismo Beach Pittsburg Placentia Placerville † Pleasant Hill Pleasanton Plymouth Point Arena Pomona Port Hueneme Porterville Portola Portola Valley * Poway Rancho Cordova Rancho Cucamonga Rancho Mirage Rancho Palos Verdes Rancho Santa Margarita Red Bluff † Redding † Redlands Redondo Beach Redwood City †Reedley Rialto Richmond Ridgecrest Rio Dell Rio Vista Ripon Riverbank Riverside † Rocklin Rohnert Park Rolling Hills Rolling Hills Estates Rosemead Roseville Ross * Sacramento ††Salinas † San Anselmo * San Bernardino † San Bruno San Carlos San Clemente San Diego † San Dimas San Fernando San Francisco † San Gabriel San Jacinto San Joaquin San Jose † San Juan Bautista San Juan Capistrano San Leandro San Luis Obispo † San Marcos San Marino San Mateo San Pablo San Rafael † San Ramon Sand City Sanger Santa Ana † Santa Barbara † Santa Clara Santa Clarita Santa Cruz † Santa Fe Springs Santa Maria Santa Monica Santa Paula Santa Rosa † Santee Saratoga Sausalito Scotts Valley Seal Beach SeasideSebastopol   Selma Shafter Shasta Lake Sierra Madre Signal Hill Simi Valley Solana Beach Soledad Solvang Sonoma Sonora † South El Monte South Gate South Lake Tahoe South Pasadena South San Francisco St. Helena Stanton Stockton † Suisun City Sunnyvale Susanville † Sutter Creek Taft Tehachapi Tehama Temecula Temple City Thousand Oaks Tiburon *Torrance Tracy Trinidad Truckee * Tulare Tulelake Turlock Tustin Twentynine Palms Ukiah † Union City Upland Vacaville Vallejo Ventura † Vernon Victorville Villa Park Visalia † VistaWalnut Walnut Creek Wasco Waterford Watsonville Weed West Covina West Hollywood West Sacramento Westlake Village Westminster Westmorland Wheatland Whittier WildomarWilliams Willits Willows † Windsor * Winters Woodlake Woodland † Woodside * Yorba Linda Yountville * Yreka † Yuba City † Yucaipa Yucca Valley *


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