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Private Money Loans funding in California only

posted Jun 10, 2013, 3:24 PM by Massey Kouhssari   [ updated Jun 10, 2013, 3:25 PM ]
  • Loan amounts from $50,000 to $3 million
  • No pre-payment penalty after 6 months
  • Certified Appraisal not required for all properties
  • Junior Financing accepted in most cases
  • Vacant commercial properties funded (in certain cases)
  • Commercial or Residential
Current  Loan  Rates
Quality
Rates*
Term
Points
A8.5%1 - 3 years1½ - 4
B9.5%1 - 3 years2 - 5
C10% - 11%1 - 3 years3 - 6
* Rates subject to change
Maximum   Loan-to-Value   Ratios
Rental Commercial Properties
  • Office Buildings
  • Apartment Buildings (We seldom finance 
    1-4 family dwellings)
  • Retail Buildings
  • Strip Centers
  • Shopping Centers
  • Mobile Home Parks
  • Trailer Parks
  • Mixed-Use Properties
  • Gas Stations
75%
(Possibly 70%  or more only with strong compensating factors)
Business Properties
  • Hotels
  • Motels
  • Restaurants
  • Hospitals
  • Nursing Homes
  • Adult Care Homes
  • Convalescent Hospitals
  • Churches
55%
(Possibly 65% with strong compensating factors)
Farm Land
(Producing)
50%
Development Land
40%
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