CaliforniaHardMoney.biz

Info for new clients...

• First time clients will almost always need extra real estate collateral for purchase loans.
  We might make an exception to this if the loan to value is less than 50%,
  or if you have a large down payment.
  
  - Here's a tip - Ask the seller to carry back as much as possible for as long as possible.
  
  Owner carry money is the cheapest money you'll ever get and it lowers our LTV
  and thus increases the likelyhood that we can do the loan.

• We establish value by looking at comparable sales.
  If you have an appraisal, we'd like to see it, but it's not absolutely necessary.

• You don't need to sign up or be pre approved. Just call or email with the details of your deal.

• Minimum loan amount is $50,000. Max is $3,000,000.

• We will consider foreclosure bailouts only if the resulting CLTV does not exceed 65%
  and the borrower can prove that they have enough income to make the payments.

• We prefer residential property (owner occ. or income property);
  this includes multi unit apartment bldgs.

• LTV's - based on current market or after repaired value (ARV)
  
  
• Up to 70% on SFR's or rental units.
• Up to 65% on condos.
• Up to 50% on land.

• Questions? Just pick up the phone.  619-920-7685

• Link to Californiahardmoney.biz