FREQUENTLY ASKED QUESTIONS What types of loans do you arrange? We arrange private hard money real estate loans for residential, commercial, apartments, mixed-use and other types of properties. We offer mortgage loans for "fix and flips", purchases, fast cash-out, refinance, repair, short-term and other purposes. What is the smallest loan you will arrange? The smallest real estate loan we offer is $30,000, however, on a case-by-case basis and with special circumstances, we can arrange smaller sized loans. What is the largest size loan you will arrange? We arrange loans as large as $30,000,000. However, most loans we arrange are under $1,000,000. What types of properties do you lend on? We will lend on most property types, single family homes, condominiums, townhomes, apartment buildings, commercial, warehouse, offices, land, mixed-use, to name a few. Up to what percentage of my property's value will you lend? We can lend up to 100% of the purchase price for "fix and flip" purchases. We typically don't lend any higher than 80% of the appraised property's fair market value for most refinances, 1st, 2nd and 3rd mortgages, but in most instances, we lend up to 65% of the value. Every situation is unique and we lend on a case-by-case basis. What loan-to-values will you lend up to? For refinances we typically stay under 70% LTV. On most purchases, we lend up 65% to 75% of purchase price and on some occasions, we can lend up to 100% of the purchase price with profit sharing arrangement in place. Do you offer 100% financing programs? Yes! We can lend up to 100% of the purchase price for investment "fix and flip" projects. We will also enter into partnership and profit sharing arrangement. Do you only lend in California? We lend all over the entire State of California and we can sometimes lend in some other Western states. For an investment rehab "fix and flip", how much will you lend up to and how much do I need to bring in for a down payment? Most of our private investors require that each buyer have 10% to 20% of the purchase price as down payment. However, we have some investors who will lend up to 100% with one loan or a combination of a 1st and 2nd mortgage. Do you arrange construction loans? We have a handful of private investors who will consider arranging a construction loan. The majority of our private investors will require that the land is paid in full and that the borrower is close to the point of pulling permits. For owner-occupied construction projects we can payoff some existing debt, but the investor must be in a 1st trust deed position. We can arrange 2nd and 3rd trust deeds for construction completion. Do you arrange loans to complete partially-done construction projects? Yes. We can arrange 1st, 2nd and 3rd mortgages to complete some unfinished construction or rehab projects. Do you arrange 2nd and 3rd mortgages? We arrange 1st, 2nd and 3rd position trust deed mortgages. Will you lend on a property that is on the market for sale or has recently been listed for sale? Yes. Do you lend on vacant land? We will lend no more than about 25% of the fair market value for vacant land. Do you offer not hypothecations or collateral loans? We offer note hypothecations and collateral loans. Do you arrange personal loans or where there is no real estate involved? We only arrange real estate loans and we do not make personal, business, equipment or other loans that are not secured by real property or a trust deed. Do you arrange business or equipment loans? No. How many points do you charge for your loans? We charge as little as 1 point and the points charged may increase depending on the loan amount, the type of loan and many other factors. We are very competitive and typically price our loans cheaper than our competitors. We will provide you a written good faith estimate or conditional loan proposal. Do you arrange loans for people in foreclosure? We can arrange loans for properties owners in foreclosure. Every situation is unique, however we do have a very small handful of investors who consider lending to property owners in foreclosure. The property is currently vacant. Can you arrange a loan for this scenario? Yes. We can make loans on properties that are vacant and we can lend on properties that are in disrepair. Where are you located? Our office is located at 15820 Whittier Blvd, Suite E in Whittier, CA 90603. We are approximately 30 minutes Northwest of Anaheim and Southeast of Los Angeles. Are you a broker or direct lender? We are licensed mortgage broker. We have access to millions of dollars of private investor funds and can fund our loans faster and price our loans more competitively than most direct lenders. In private hard money lending, who you know and who will lend where, is the name of the game. What are your interest rates? We offer private hard money loan rates as low as 6% for 1st position trust deeds. Our 2nd position trust deeds rates start at around 10%. We offer apartment and commercial loans with rates into the 5% range. Every scenario and lending situation is unique. How long does your loan process take? We can fund loans in as little as 5 days, however most loans take about 10 to 14 days from start to finish. Do your loans have prepayment penalties? Most of our loans do not have prepayment penalties. How long have you been in business? The owner of our company has been arranging private hard money loans for over 18 years. Can you lend to a trust, corporation or LLC? Yes we can lend to most entities. Do you work with borrowers with poor credit? Yes we can lend to borrowers with poor credit and we do not have a minimum FICO score requirement. Do you lend on mixed-use property types? Yes. Do you arrange loans for investment rehab flips? Yes. Can you offer loans for borrowers who have not filed their taxes in a few years? Yes. Can you arrange a loan for a borrower who is self-employed and does not show a lot of money on their tax returns? Yes. Most of our loans are based on the property and its equity. We will typically require that the borrower provide proof of their ability to repay the loan such. Do you pay Realtors and Licensed Loan Brokers commissions and or referral fees for loan submissions? We pay generous commissions to licensed mortgage and real estate professionals. We will only pay a licensed broker and will require a copy of the individual or corporate license. Do you require that I make monthly payments on my loan? Most of our loans require the borrower to make monthly payments. Only in a few rare situations will the loan not require monthly interest or principal and interest payments to be made.