We offer Hard Money Loans from private investors, each property is different so each loan is different. We look at 60%LTV and less, our loans range from 1yr-15yr fixed rate interest only loans. Prepayment penalty (if there is one) varies from property to property 6 months to 3years.
Purchase/Refinance/Owner Occupied/Non-Owner Occupied/SFR/MultiFamily Units/Commercial/Some Construction/Minimum Loan Amount $100,000/No Maximum. We accept properties direct from Borrowers and/or Brokers, all are welcome. We are direct with investors so Brokers retain all Broker Fees requested.
Examples of Residential 1st Mortgages:
Corona $200,000/10% IO/180Mo/18moPP/60%LTV
Balboa $700,000/8.5%IO/36Mo/NPP/38.8%LTV
Beverly Hills $4.8Mil/10.5%IO/180Mo/36MoPP/53%LTV
Example of Residential 2nd Mortgages:
Newport Beach $200,000/12%IO/36Mo/24moPP/59%CLTV
Commercial
Huntington Beach $300,000/7.875%IO/36Mo/NPP/15%LTV
We require from Brokers: 1003/GFE/TIL/Appraisal(if you have one) to start process.
Mark C Baltes
714.982.8966 Office
714.396.3169 Cell
mailto:lowesthardmoneyrates@yahoo.com