Private Money Loans funding in California only
Post date: Jun 10, 2013 10:24:38 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
* 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)
50%
40%
Farm Land
(Producing)
Development Land