I'm looking for private/hard money lenders for properties in No. CA who will lend based on ARV (after repaired value), not present purchase price. We are purchasing distressed properties up to 70% LTV in great neighborhoods in No. CA. We will have $$ in the transactions as well. If this is you, please forward your terms and contact information, thank you.
Private SoCal Investment group will JV/partner with you and cover up to 100% of your costs, to buy-fix-flip CALIFORNIA ONLY residential properties. Will split profits upon resale
Investment range: $100 K to $5 M
Maximum Investment to Value: 65% of ARV
Loan Terms:12% annual interest, monthly payments, up to 6 months
If you have a deal ready for review contact:
What are your loan fees?
I arrange private loans through out California. I can do 65 to 70% max on ARV. It will require a future value appraisal. If your interested give me call. 530-544-2611
Granite Funding Inc.
My residential lender really likes CA. Acquisition is based on Acquisition price. But after renovation will refi based on ARV. He will also finance 80% of the renovation.
RESIDENTIAL terms range depending on property, location and borrower:
-Residential Asset based to non-prime lending w/min of 500 Fico
-Acquisition/Renovation 4-6 months
-Cash-out Refi 3yr
-10% - 12% rate
- 65% LTV on cash flowing properties (exceptions for great deals).
- 60% LTV on all non cash-flowing properties (raw land may be an exception).
- Min. loan amount $1.5 M, max. loan amount $10 M.
- Terms range from 3 months to 18 months with extension available.
- Can fund with-in a 7 to 14 day period.
- Purchases, refinances, construction, rehab, cash-out, etc
- Asset based
Fill out a Loan Summary Sheet. wwwProvidentMng.com
or email me OffMarketRealEstate@gmail.com
I'm looking for lending based on ARV, not acquisition price. Thanks for the inquiry.
Our Acquisition/Renovation program is based on purchase price and scope of work. Our Cash-Out Refinance program is based on ARV. Asset based lending. Just needs to make sense. www.ProvidentMng.com