Providing loans for "business purposes", non-owner-occupied property and construction finance. These criteria include loans secured against a primary or secondary residence for use in the borrower's business activity or for investment purposes, such as acquiring additional property. Included within this definition are loans made to real estate investors for "fix-and-flip" projects.MoreLess
Our loans need to be used for non-consumer spending, which means the funds cannot be used for "personal, family or household" purposes.
Our construction loans are for either investment propery remodel or new construction as well as ground-up primary residence. We do not finance primary-residence remodel activity.
Our loans are sold to investors who earn from 10%-13% annualized returns on their investment.
All of our loans are secured agaiinst real property at a maximum 60% loan-to-value. We lend from $30,000 to $750,000, depending on use of funds, and we take either first or second trust deed positions.
Loans throughout California.
Call Andy Dick today at (818) 952-8600.