All Discussions Tagged 'California' - Real Estate Finance2024-03-28T08:57:31Zhttps://realestatefinance.ning.com/forum/topic/listForTag?tag=California&feed=yes&xn_auth=noCalifornia Housing Market Headed in Right Directiontag:realestatefinance.ning.com,2016-06-10:6517464:Topic:2699832016-06-10T17:05:40.751ZKen and Ari Walkerhttps://realestatefinance.ning.com/profile/ForestTardibuono
<p><b>California Housing Market Headed in Right Direction</b></p>
<p>Jun 09, 2016 </p>
<p>In April, California Association of Realtors released their 1st quarter California Housing Market Update citing a number of interesting updates.</p>
<p></p>
<p>C.A.R. President Pat “Ziggy” Zicarelli was quoted as saying: </p>
<p>“California’s housing market is moving in the right direction as we enter the spring home-buying season, but sales growth will likely be isolated in areas where inventory is…</p>
<p><b>California Housing Market Headed in Right Direction</b></p>
<p>Jun 09, 2016 </p>
<p>In April, California Association of Realtors released their 1st quarter California Housing Market Update citing a number of interesting updates.</p>
<p></p>
<p>C.A.R. President Pat “Ziggy” Zicarelli was quoted as saying: </p>
<p>“California’s housing market is moving in the right direction as we enter the spring home-buying season, but sales growth will likely be isolated in areas where inventory is more abundant and housing affordability is less of an issue.”</p>
<p></p>
<p>Taking a look at the <a href="http://www.car.org/marketdata/data/countysalesactivity/">the data C.A.R released</a>, it’s interesting to note certain counties with sharp upticks in sales:</p>
<p> </p>
<table border="1" width="662">
<tbody><tr><td><p><b>County</b></p>
</td>
<td><p><b>April Median Sold Price</b></p>
</td>
<td><p><b>March Median Sold Price</b></p>
</td>
<td width="126"><p><b>MTM% Change</b></p>
</td>
</tr>
<tr><td><p>Tehama</p>
</td>
<td><p>$193,330</p>
</td>
<td><p>$175,000</p>
</td>
<td width="126"><p>81.8%</p>
</td>
</tr>
<tr><td><p>Amador</p>
</td>
<td><p>$307,890</p>
</td>
<td><p>$267,860</p>
</td>
<td width="126"><p>77.4%</p>
</td>
</tr>
<tr><td><p>Plumas</p>
</td>
<td><p>$231,250</p>
</td>
<td><p>$266,670</p>
</td>
<td width="126"><p>75.0%</p>
</td>
</tr>
<tr><td><p>Tuolumne</p>
</td>
<td><p>$239,710</p>
</td>
<td><p>$272,500</p>
</td>
<td width="126"><p>71.8%</p>
</td>
</tr>
<tr><td><p>Napa</p>
</td>
<td><p>$666,670</p>
</td>
<td><p>$664,470</p>
</td>
<td width="126"><p>70.9%</p>
</td>
</tr>
<tr><td><p>Merced</p>
</td>
<td><p>$189,500</p>
</td>
<td><p>$197,780</p>
</td>
<td width="126"><p>70.8%</p>
</td>
</tr>
<tr><td><p>Santa Barbara</p>
</td>
<td><p>$596,770</p>
</td>
<td><p>$729,170</p>
</td>
<td width="126"><p>63.8%</p>
</td>
</tr>
<tr><td><p>Alameda</p>
</td>
<td><p>$762,570</p>
</td>
<td><p>$712,990</p>
</td>
<td width="126"><p>61.5%</p>
</td>
</tr>
<tr><td><p>Ventura</p>
</td>
<td><p>$620,020</p>
</td>
<td><p>$610,820</p>
</td>
<td width="126"><p>61.3%</p>
</td>
</tr>
<tr><td><p>Yolo</p>
</td>
<td><p>$374,000</p>
</td>
<td><p>$387,930</p>
</td>
<td width="126"><p>59.6%</p>
</td>
</tr>
</tbody>
</table>
<p> </p>
<p>Of the top 10 counties in California with MTM% changes, we can see a nice spread of housing sold in potential up and coming areas. With Tehama, Amador, Plumas, and Tuolumne Counties all located in Northern California, it would seem affordable housing under $300k is becoming more abundant and selling well. We can also see affluent areas like Napa, Santa Barbara, Ventura, and Alameda all maintaining solid home sales in areas with much larger home prices and a steadier inventory.</p>
<p><a href="http://storage.ning.com/topology/rest/1.0/file/get/124835984?profile=original" target="_self"><img width="750" src="http://storage.ning.com/topology/rest/1.0/file/get/124835984?profile=RESIZE_1024x1024" width="573" class="align-full" height="382"/></a></p>
<p>As a Hard Money Broker in Northern California for over 28 years, Sun Pacific Mortgage & Real Estate will always be there if you are looking for creative or alternative financing for real estate, anywhere in California.</p>
<p> </p>
<p>We specialize in financing investment home purchases and refinances – single and multiple units. We are very much able to fund or refinance Bridge Loans, many owner occupied or principal residence purchases and some commercial purchases.</p>
<p> </p>
<p>Give us a call at (707) 523-2099 if you are considering private financing with your next home purchase!</p>
<p></p>
<p>Best, Forest – The Guy in the White Hat</p>
<p><i>Co-Owner and Hard Money Broker of family owned and operated Sun Pacific Mortgage & Real Estate, serving all of California since 1988! </i></p>
<p><i>707-523-2099</i> <a href="http://www.sunpacmortgage.com/"><i>www.sunpacmortgage.com</i></a><i>. </i></p>
<p><i>CA Bur of Real Estate</i> <i>license #010005559 and NMLS #289456</i></p>
<p> </p> Interested in investing in California Real Estate Trust Deeds?tag:realestatefinance.ning.com,2015-12-04:6517464:Topic:2502772015-12-04T00:51:39.306ZKen and Ari Walkerhttps://realestatefinance.ning.com/profile/ForestTardibuono
<h4 class="js-post-title post-title"><span class="font-size-4">We are interested in having more Private Investors on board who can finance the increasing # of Trust Deed Offerings we have. If you are interested in earning between 10-13% interest then please reach out to me here or call my office at 707-523-2099. </span></h4>
<p class="js-post-body post-body"><span class="font-size-4">We are a California licensed Hard Money Broker and have been in this business for almost 29 years. We are family…</span></p>
<h4 class="js-post-title post-title"><span class="font-size-4">We are interested in having more Private Investors on board who can finance the increasing # of Trust Deed Offerings we have. If you are interested in earning between 10-13% interest then please reach out to me here or call my office at 707-523-2099. </span></h4>
<p class="js-post-body post-body"><span class="font-size-4">We are a California licensed Hard Money Broker and have been in this business for almost 29 years. We are family owned and operated. We pride ourselves on being fast, keeping in communication, applying all laws and basically just working to be the best in the business. </span><br/><br/><span class="font-size-4">I am located in Santa Rosa, Northern California, but an licensed for the entire state. Looking forward to talking to you!</span><br/><br/></p>
<p class="js-post-body post-body"><span class="font-size-4">Best, Forest - The Guy in the White Hat</span><br/><span class="font-size-4">Sun Pacific Mortgage & Real Estate </span><br/><span class="font-size-4"><a class="js-link post-link" href="http://www.linkedin.com/redir/redirect?url=www%2ESunpacmortgage%2Ecom&urlhash=D3Bh&_t=tracking_anet">www.Sunpacmortgage.com</a> </span></p> Emergency Lending Needed!tag:realestatefinance.ning.com,2015-06-21:6517464:Topic:2341032015-06-21T04:57:03.468ZRichelle bombardierhttps://realestatefinance.ning.com/profile/Richellebombardier
<p>I am hoping to find an lender With Heart that can do a small emergency loan.</p>
<p>High interest rate is OK. </p>
<p>I am faced with an emergency and I am urgently seeking a one time lender that can do a small loan of up to $3,000.00</p>
<p>I can supply any and all documents or verifications you may need. Can proceed by fax, email, bank notary, etc. I live in California and can meet you in person if requested within 50 miles of Westlake Village, CA 91362</p>
<p></p>
<p>Very Flexible, but…</p>
<p>I am hoping to find an lender With Heart that can do a small emergency loan.</p>
<p>High interest rate is OK. </p>
<p>I am faced with an emergency and I am urgently seeking a one time lender that can do a small loan of up to $3,000.00</p>
<p>I can supply any and all documents or verifications you may need. Can proceed by fax, email, bank notary, etc. I live in California and can meet you in person if requested within 50 miles of Westlake Village, CA 91362</p>
<p></p>
<p>Very Flexible, but something around this would be ideal----</p>
<p>Willing and Able to pay $300 a month for up to 12 months for total of $3600.00</p>
<p>$600 interest payout @ 20% total loan cost interest</p>
<p></p>
<p>This would be a signature non-collateral loan. I have vintage 1st edition books dating back to 1894 but don't have time to try to sell them now. </p>
<p>Only contact me if you can verify who you are!</p>
<p>No Up Front Fees!</p>
<p>No I will not send a western union insurance fee, etc. If any fees apply They can be included/deducted from the loan itself.</p>
<p></p>
<p>Thank you so much for your time!</p>
<p></p>
<p></p> Direct access to REO's (PRE-auction) @bank RESERVE price. Looking 4 Private Money....tag:realestatefinance.ning.com,2015-05-23:6517464:Topic:2311122015-05-23T18:07:25.596ZC. Countess Wolfframsdorffhttps://realestatefinance.ning.com/profile/CCountessWolfframsdorff
<p>I have access to an asset portal with nationwide REO's. These properties are owned i.e. by Wells Fargo, Fannie Mae, BofA, US bank, HSBC bank, Freddie Mac, Citibank et cetera.</p>
<p>All these REO's are scheduled for auction (on one of these major auction platforms: Hubzu, Auction.com, HomeSearch, HomeSteps, HomePath, Bids4assets.com etc).</p>
<p>I can purchase these properties at Bank RESERVE Price, which means I don't have to bid or guess what the bank/lender will take for them. Properties…</p>
<p>I have access to an asset portal with nationwide REO's. These properties are owned i.e. by Wells Fargo, Fannie Mae, BofA, US bank, HSBC bank, Freddie Mac, Citibank et cetera.</p>
<p>All these REO's are scheduled for auction (on one of these major auction platforms: Hubzu, Auction.com, HomeSearch, HomeSteps, HomePath, Bids4assets.com etc).</p>
<p>I can purchase these properties at Bank RESERVE Price, which means I don't have to bid or guess what the bank/lender will take for them. Properties come with Warranty Deed. My access is nationwide.</p>
<p>LOOKING for either JV partner, or straight forward PRIVATE MONEY / investor who wants to benefit by either getting great returns (or possibly splitting profit) OR gaining access to these properties through me.</p>
<p>Email me: cowproperties@gmail.com</p> You Could Rescue Your Loan Using Us Experts.tag:realestatefinance.ning.com,2015-03-11:6517464:Topic:2213382015-03-11T21:27:28.429ZKen and Ari Walkerhttps://realestatefinance.ning.com/profile/ForestTardibuono
<p>Our newest short hard money video: Your Mortgage or Refinance Could Be Rescued By Us: <a href="https://youtu.be/QgCpglheXVQ">https://youtu.be/QgCpglheXVQ</a></p>
<p>We have saved the bacon for agents, conventional lenders and their clients on multiple transactions this year, closing many of them in a week. We have also helped many, many individuals (and families) consolidate their debts or get a loan against their existing equity. </p>
<p>The fact is, people still want to buy a home…</p>
<p>Our newest short hard money video: Your Mortgage or Refinance Could Be Rescued By Us: <a href="https://youtu.be/QgCpglheXVQ">https://youtu.be/QgCpglheXVQ</a></p>
<p>We have saved the bacon for agents, conventional lenders and their clients on multiple transactions this year, closing many of them in a week. We have also helped many, many individuals (and families) consolidate their debts or get a loan against their existing equity. </p>
<p>The fact is, people still want to buy a home despite being self-employed or even with tarnished profiles and people still look to refinance their homes to buy another property, do home improvements, get extra cash for debt consolidation, etc. </p>
<p>Our alternative loan programs, know as Hard Money loans, is the only option out there if a Buyer or Borrower has been turned down by their favorite bank or savings & loans, mortgage broker or mortgage banker. Or all of the above!</p>
<p>Our Bridge loan program has become more prevalent in this current lower-inventory market. This type of creative financing we offer is a short-term loan which gets paid off with longer-term financing down the line or from a sale of a property. It basically “bridges” a Borrower from one point to the next. Many Agents and Sellers have come to us, successfully getting this Bridge loan which enabled them to buy the house they wanted, while their earlier house was being sold.</p>
<p>If turned down elsewhere, we most likely can help if you or your client has a decent down payment or other equity to work with. </p>
<p>Give us call today and see how we can help you: (707) 523-2099</p>
<p>Best, Forest & Ken – The Guys in the White Hats</p>
<p>Sun Pacific Mortgage & Real Estate</p>
<p></p>
<p>Click this link for our rate sheet, showing the programs we offer: <a href="http://sunpacificmortgage.com/SPM_Programs_Rate_Sheet.pdf" target="_blank">Our Hard Money Loan Programs Rate Sheet</a></p>
<p> </p> $51 Million Master Community Development Project-Now Open for JV Partners.tag:realestatefinance.ning.com,2014-04-21:6517464:Topic:1715132014-04-21T17:56:50.054ZLisa Stevenshttps://realestatefinance.ning.com/profile/LisaStevens
<p>Experienced team with excellent track record seeks to expand their equity partner relationships. <br></br> This project is approved and/or under contract in several of the most prestigious locations in the USA. Don’t miss this opportunity to get in on the ground floor of today’s hottest commercial developments. Project includes Luxury Senior Living, Luxury Town Homes, Open Air Mall, College Extension Campuses and Student Housing. Participate with $1 million-$80 million. No loans or debt funding…</p>
<p>Experienced team with excellent track record seeks to expand their equity partner relationships. <br/> This project is approved and/or under contract in several of the most prestigious locations in the USA. Don’t miss this opportunity to get in on the ground floor of today’s hottest commercial developments. Project includes Luxury Senior Living, Luxury Town Homes, Open Air Mall, College Extension Campuses and Student Housing. Participate with $1 million-$80 million. No loans or debt funding is needed only JV partners. For more details contact Lisarae21@yahoo.com.</p>
<p>Attached is an Executive Summary of our prototypical $51 Million Master Community Development Project. This project is superbly located in one the most prestigious California Coastal communities.</p>
<p>We are seeking a joint venture partner to provide $5.0 Million of the $5.6 Million required to entitle and develop (preparation for building) each location. The joint venture partner will share equally in the profits from this venture. We do not use loans or debt financing for these projects. Our team can complete up to five locations simultaneously which can accommodate an investment of up to $25 Million if desired.</p>
<p>As a joint partner, you will receive the return of your $5 Million investment on or before month 24. The Joint Venture Partnership Agreement requires the deposit of $5 Million. This deposit contractually gives you a fifty percent share of the Profits. The Project Pro Forma Summary costs and profits are as follows:<br/> University to purchase 13 acres of the total 76 acres: $51.0 Million<br/> Cost to entitle, develop and own the entire 76 acres: $39.5 Million<br/> Profit: $11.5 Million<br/> By month 25 of this joint venture partnership the partnership owns the remaining entitled and developed 63 acres free and clear. The partners may choose to sell off section by section, choose to build on it or, hold it for future profits. We have many qualified buyers who have demonstrated an interest in purchasing the land once it is entitled. Property located and entitled in coastal California is extremely difficult to find. We are very proud to state that we have negotiated the rights to replicate this project in sixteen very attractive locations.</p>
<p>Time is of the essence and we look forward to speaking with you on a conference call to further discuss the details of the partnership and this opportunity.<br/> Kindest Regards,<br/> Lisa Stevens</p>
<p></p> California Purchase - 1 Unit OO - Need Non Prime lendingtag:realestatefinance.ning.com,2014-03-31:6517464:Topic:1657992014-03-31T23:49:44.644ZVince Ciriglianohttps://realestatefinance.ning.com/profile/VinceCirigliano
<p>Borrower has $150,000 cash on hand. Can document source. $870,000 in sep IRA. 780 credit score, Self employed borrower with large NOL on tax returns.</p>
<p>Looking for reasonable IO loan with unique way to account for income.</p>
<p>Email me at vince@borelfinancial.com</p>
<p>Please note that the home is worth more than the sales price as the borrower is currently renting the home and the owner is giving the borrower is good deal.</p>
<p>Vince</p>
<p>Borrower has $150,000 cash on hand. Can document source. $870,000 in sep IRA. 780 credit score, Self employed borrower with large NOL on tax returns.</p>
<p>Looking for reasonable IO loan with unique way to account for income.</p>
<p>Email me at vince@borelfinancial.com</p>
<p>Please note that the home is worth more than the sales price as the borrower is currently renting the home and the owner is giving the borrower is good deal.</p>
<p>Vince</p> Flippers in Los Angeles - Make 100% Returntag:realestatefinance.ning.com,2013-11-20:6517464:Topic:1343142013-11-20T23:58:50.260ZJim Nelsonhttps://realestatefinance.ning.com/profile/JimNelson
<p>Concept: Assemble a collection of single family fixers in the Studio City area and hold them for two to three years, then fix and flip.</p>
<p>A portfolio of 10 SFR Homes in Studio City Area costing 6.4 million - being held to fix and flip in two years. Portfolio generates 14,000 net per month and 2.9 million in profit at the end of the hold. Got 100,000? Come join us!! make 100% on your money in two years...</p>
<p><br></br> The Sober living market in the Studio City Valley Village area is…</p>
<p>Concept: Assemble a collection of single family fixers in the Studio City area and hold them for two to three years, then fix and flip.</p>
<p>A portfolio of 10 SFR Homes in Studio City Area costing 6.4 million - being held to fix and flip in two years. Portfolio generates 14,000 net per month and 2.9 million in profit at the end of the hold. Got 100,000? Come join us!! make 100% on your money in two years...</p>
<p><br/> The Sober living market in the Studio City Valley Village area is going through a transformation from a cottage to a professional industry. There is an opportunity to go into the business with some of the established providers of Sober Care Services and provide a critically needed social service for the community while making a windfall profit.<br/> .<br/> The key to this strategy is holding the properties at a positive cash flow while the market rises. The holding mechanism is to set the properties up as Sober living houses. The economics work very nicely with the houses covering all expenses, taxes and mortgage costs. Assuming a portfolio of 10 houses with a starting value of 6,000,000 a 20% market increase and a 10% rehab cost, there is a chance of making 70 to 90% IRR on an equity investment of 1,500,000 in two years.</p>
<p style="text-align: right;"><strong><span style="text-decoration: underline;">Summary - Sober Living Network</span></strong> <br/>
<br />
</p>
<p style="text-align: right;"><strong>Purchase 10 Single Family Homes $5,885,695</strong><br/> Startup Construction Costs <br/> Sitework (Landscaping, Patios, etc.) $30,000<br/> Exterior Repairs and Improvements $50,000<br/> Interior Repairs and Improvements $100,000<br/> Furniture, Fixtures and Equipment $77,045<br/> <span style="text-decoration: underline;">Hard Construction Subtotal $257,045</span></p>
<p style="text-align: right;"><br/> <span style="text-decoration: underline;"><strong>TOTAL Starting Cost $6,142,740</strong></span></p>
<p style="text-align: right;"><br/> <span style="text-decoration: underline;">Rehab Prior to Sale </span> <br/>Sitework (Landscaping, Patios, etc.) $100,000<br/> Exterior Repairs and Improvements $147,701<br/> Interior Repairs and Improvements $400,000<br/> Furniture, Fixtures and Equipment $345,980<br/> <span style="text-decoration: underline;">Hard Construction Subtotal $993,681</span></p>
<p style="text-align: right;"><br/> <span style="text-decoration: underline;">Indirect and Soft Costs </span><br/> Entitlements, Design and Permits $52,299<br/> Developer's Fee and Overheads $359,436<br/> Interest $999,897<br/> <span style="text-decoration: underline;">Soft Cost Subtotal $1,411,632</span><br/><br/> <span style="text-decoration: underline;"><strong>Total Project Costs $8,548,053</strong></span></p>
<p style="text-align: right;"><br/> Debt $6,059,634 71%</p>
<p style="text-align: right;">Equity $2,488,419 29%</p>
<p style="text-align: right;"><br/> <span style="text-decoration: underline;"><strong>Sources of Equity </strong></span></p>
<p style="text-align: right;">Investors $1,099,667 80%</p>
<p style="text-align: right;">Developer $179,718 20%</p>
<p style="text-align: right;">Cash Flow $1,209,034 </p>
<p style="text-align: right;"> <br/> <span style="text-decoration: underline;"><strong>Project Profit </strong></span></p>
<p style="text-align: right;">Sales Proceeds $9,779,914</p>
<p style="text-align: right;">Sales Profit $1,231,861 <br/> Net Income during Holding Period $1,542,365 <br/> <strong><span style="text-decoration: underline;">Total Project Profit $2,774,226 </span></strong></p>
<p style="text-align: right;"> <br/> <strong><span style="text-decoration: underline;">Division of Profit </span></strong></p>
<p style="text-align: right;">Investors $2,219,381</p>
<p style="text-align: right;">Developer $554,845</p>
<br />
<br />
<p></p>
<p>Send your interest to <a href="mailto:Motherco@aol.com">Motherco@aol.com</a> and we will forward a copy of the business plan.</p> Portfolio of Fix to Flip Homes in Southern Californiatag:realestatefinance.ning.com,2013-11-07:6517464:Topic:1305632013-11-07T17:33:28.330ZJim Nelsonhttps://realestatefinance.ning.com/profile/JimNelson
<p>The Sober living market in the Studio City Valley Village area is going through a transformation from a cottage to a professional industry.</p>
<p>I am an experienced developer who has decided to go into the business with some of the establish providers of Sober Care Services.</p>
<p> </p>
<p>Concept: Assemble a collection of single family fixers in the Studio City area and hold them for two to three years, then fix and flip.</p>
<p> </p>
<p>The key to this strategy is holding the properties…</p>
<p>The Sober living market in the Studio City Valley Village area is going through a transformation from a cottage to a professional industry.</p>
<p>I am an experienced developer who has decided to go into the business with some of the establish providers of Sober Care Services.</p>
<p> </p>
<p>Concept: Assemble a collection of single family fixers in the Studio City area and hold them for two to three years, then fix and flip.</p>
<p> </p>
<p>The key to this strategy is holding the properties at a positive cash flow while the market rises. The holding mechanism is to set the properties up as Sober living houses. The economics work very nicely up to 600/650k with the houses covering all expenses, taxes and mortgage costs. Assuming a portfolio of 10 houses with a starting value of 6,000,000 a 20% market increase and a 10% rehab increase, there is a chance of making 70 to 90% IRR on an equity investment of 1,500,000 in two years.</p>
<p>Team is qualified and experienced and has 200,000 to invest alongside investor. I’m looking for cash and credit partners to invest. Interested? Let me know. Business Plan and Resume Attached</p>
<p> <a href="mailto:motherco@aol.com">motherco@aol.com</a></p> Give Unity West Lending a call if you are in Cali!tag:realestatefinance.ning.com,2013-10-17:6517464:Topic:1252622013-10-17T21:21:47.374ZJarrod Thomashttps://realestatefinance.ning.com/profile/JarrodThomas
<p><a href="http://storage.ning.com/topology/rest/1.0/file/get/124784268?profile=original" target="_self"><img src="http://storage.ning.com/topology/rest/1.0/file/get/124784268?profile=original" width="600" class="align-full"/></a></p>
<p><a href="http://storage.ning.com/topology/rest/1.0/file/get/124784268?profile=original" target="_self"><img src="http://storage.ning.com/topology/rest/1.0/file/get/124784268?profile=original" width="600" class="align-full"/></a></p>