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All California Lending often arranges hard money loans in Alameda with various trust deed investors funding the loan. This is what is referred to as fractionalized investing.
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When people think about hard money loans in Alameda, they more often than not assume hard money loans are equity-based up to 60 percent LTV with little to no credit or income documentation requirements. This could be applicable in a small section of hard money loans, where an individual lender with a $1,000,000 offers a few hard money loans every year to a small number of local real-estate investors. However, the truth is the hard money financing business is involved of a wide range of lenders giving different sorts of loans where investors can potentially finance up to 90 percent of a property they are purchasing. Listed below are the different kinds of hard money lenders that All California Lending frequently places hard money loans through: Real estate funds that offer hard money financing: All California Lending works with many selectreal estate funds which possess massive real estate portfolios! Because of real estate value appreciation in the last decade & reduced cap rates, many of these real-estate funds have steered clear from purchasing new properties, instead opting to place their funds as private money loans secured by property for other investors. These real estate funds tend to restrict their loan offerings to business-purpose loans and cap in the 75 percent LTV range. They predominantly do first mortgages. Nevertheless, some real estate funds will lend in second and even third position if they like the borrower, property, and terms of the first mortgage.
High-Net-Worth Individuals: Also, we work with many high-net worth individuals throughout Alameda and the surrounding areas who offer hard money financing alongside other investment options. Some have sold businesses, other worked for tech firms and are looking to diversify their investment portfolio by investing in trust deeds, whereas others made their wealth in real estate industry and got out of owning properties, opting instead to make loans and have a 3rd party loan provider work with the borrowers. Multiple Lender Loans Sourced by Mortgage Brokers: All California Lending often arranges hard money loans in Alameda with various trust deed investors funding the loan. This is what is referred to as fractionalized investing. We work with individuals we have known for years – including real estate professionals, investor coordinators and other sources. In this manner, the loans that are funded are pieced together with multiple investors. The upside to this approach is that we do not need one specific source to fund the full loan amount in order to obtain funding successfully for our clients. Another upside to this approach is that we are able to offer loans for lower dollar amounts than other hard money lenders in Alameda may be willing to fund. Having many small investors means that making a $30,000 loan fits our business model – while many other hard money sources may have minimum loan amount requirements of $100k, $250k or more. Here at All California Lending, we offer hard money loan programs to provide financing for most property types. To learn more about our hard money funding options, feel free to call us at 877 462 3422!
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