We just had a large portfolio of loans pay off and need to place those funds to keep our investors happy.- due to market conditions.management just approved a 5% loan to value increase raising our loan to value to 70%.
Santa Rosa, CA -- (SBWIRE) -- 07/26/2010 -- Welcome To http://www.Ourfundsonline.com (310) 984-0496 24 hour money line cell phone ****(877) 870 - 2676 toll free line
California Hard/Private Money Lender is owned and operated by Mr. Jeffrey Martino Young, Inc. in Santa Rosa, CA . Sonoma County, he has extensive experience in placing private money financing on c=-0943l and residential real estate. http://www.Ourfundsonline.com are a residential and commercial california private money loan lender and hard money loan specialist that represents a multitude of private individual investors who specialize in funding private money loans thruout the entire state of California but we especially concentrate on the following areas of - Los Angeles, San Francisco, San Diego,Orange and San Jose and all other smaller metro areas of California. In addition to our expertise in residential and commercial hard money loans, we also service bridge, construction / rehab, and apartment loans. And your one and only California Private Money Lender has now stepped up to the plate and has started funding Foreclosure flips at 75% loan to cost.Yes as far as I know we are the only one out there doing this...also we have a non-seasoning policy so you can get the appraised value the very next day after closing another first as far as I know .We always have been and always will be the trend setters for the real estate financing industry.While other lenders are over conditioning your borrower we are thinking of new loan programs to keep your business flowing to our underwriters.
Hard Money Lending Services - REO California Hard Money Purchase Loans Available!
California Private Money Loans - California Hard Money Loan Lender
Purchases & Refinances with Cash-Out
Low Documentation Loans(just show me you have the ability to make the payments and I am covered from the new lending laws)
Apartment buildings 5+ units and Commercial Buildings
Residential Rental Properties
No and low pre-payment options
6 months to 5 years interest only terms available.
All Property Types - Including Special Use, REO investor, etc.
Up to 70 % Loan to value 75% loan to cost.
http://www.Ourfundsonline.com
California Residential Private Money Loans
1st TD loans from $100k - $5MM Super Jumbo
70% LTV 1st TD
All Credit Grades - even below 500 fico
2nd TDs up to $1MM - max 65% CLTV
2nd TD HELOC program up to 70% LTV (max $100k loan)
Low Documentation Programs
Owner Occupied Properties and Non Owner Occupied Properties
http://www..Ourfundsonline.com
California Apartment and Commercial Real Estate Private Money Loans
Purchases and Refnances with Cash-Out;
Purchase Bridge Program for Deferred Maintenance and repairs
Office Buildings, Apartment Buildings, Retail Buildings, Industrial Buildings, Mixed-Use, Special-Use, Automotive and other property types
Apartment Private Money Loans - Apartment Hard Money Loans
Interest Only, Interest Reserves Available, and Minimum Payment Options
2nd TD's available up to 70% CLTV on Apartments
6-month term to 5-years depending on property type and loan request
Owner User Properties
Big Ugly Vacant Buildings
Land: with Entitlements
Construction and Rehab loans
No Pre-Payment Penalty Programs Available for a fee
http://www..Ourfundsonline.com
California Bridge Financing
Short Term "Bridge or Gap" Financing
Acquisitions with Low Fee and Rate Hard Money
Cash Out Refinances
Tenant Improvements or Rehab
http://www..Ourfundsonline.com
California Rehab Flip Hard Money Loans - Loan to cost
Residential and Commercial REO, Distressed Sale, Trustee Sale, Sherriff's Sale, etc.
Loan Amounts: $100,000 - $1,000,000 - No Prepay
Term: 6-months, up to two 3-month extensions
LTC: 70 (up to 75% exception)
ARV: 60-70%
Fico: 625+ (mid score)
Personal Gaurantee: All partners must sign a personal guarantee
Required Reserves: 50% of rehab costs * 6-months payments
Rehab Expenses: Must be fund controlled or suitable alternative
Rehab Draw: 2-3 draws permitted based upon inspection
Rehab Timeline: All rehab work must be completed within 75 days
http://www.Ourfundsonline.com
Private Money in Los Angeles
Fast private money loans Los Angeles
Our offices are in Los Angeles metro and we can drive the property the same day
Specializing in apartment private money loans Los Angeles
We have hard money loans in Los Angeles as well for the very poor credit borrowers
http://www.Ourfundsonline.com
Loan Structures - California Private Money - California Hard Money
Hard money loans are real estate collateralized loans based on the sale value of the property against which the loan is made. Private money lenders generally only lend in 1st position. However, some hard money lenders will subordinate to another 1st lien position loan; these loans are known as second lien position loans.
Hard money lenders are most concerned with Loan-to-Value or LTV ratio and typically lend a maximum of 60-65% of the value of the property. But at http://www..Ourfundsonline,com we go to 70% LTV which is defined as 'today's sales price, the amount a hard money lender could expect to realize from the sale of the loan collateral/property in the event that the borrower defaults and the property would be sold in a 1-4 months' time. This 'value' differs from the purchase price.We give the current value of your property not hte purchase pricce my 99% of the other lenders.
Contact Jeffrey Martino Young at CaliforniaTDinvestments@gmail.com or on the 24 hoiur cell line (310) 984-0496 and/or our Toll Free line 1-877-870-2676. or online http://www.Ourfundsonline.com
Press Contact:
Jeffrey Martino Young
OurFundsOnline.com
1585 Terrace Way
Santa Rosa, CA 95404
Mob: (310) 984-0496
Tel: (877) 870-2676
jyoung@essexmortgage.com
http://www.ourfundsonline.com