Our Commitment
Business Loans
Fix and Flip Money for Rehabbing Properties in California
We may lend up to 100% of the purchase price plus 100% improvements can be financed too in California properties.
NO FICO and NO Income or Asset Verification.
If your deal makes sense we will fund it. We are a make sense lender.
We loan on any type of residential or commercial property.
Most qualify with zero down payment. Non owner investment loans only.
Rates range from 9.99% to 13.99%.
Term: 6-9 months
30year Fixed over 30 years for first 3 years then adjustable
Points: 2 - 2.5% total
Corporation purchases please provide-Articles of Incorporation and Bylaws
Limited Liability Corporation (LLC) provide – Operating Agreement & Articles of Organization.
What you need for submission are the forms below and,
2 forms of ID.
Copy of existing Mortgage Statement – for refi.
Credit report – for all new loans.
Executed purchase contract – for new purchase loan. Fire insurance agent contact and phone number – for all loans.
If derog credit letter of explanation on what happened – needed for all loans.
All corporate documents if taking title is an LLC or Corp (we still need the individual’s information whom will sign on behalf of the Corp.)
From 7.25% note rate | 30 term Program | Up to 80% LTV for 1-4 units owner occupied and investment properties too | Cash out available | No 4506T. No tax returns. No W2s. No 1099s |We use 100% of deposits for income qualification.
4.75% note rate.
SIVA at 75% LTV.
Loan package is easy alternate doc with 12 months personal banks statements (biz bank stmts on exception).
We use 100% of your deposits as income.Min fico score 700.
Point: 2 - 2.5% total
30 YEAR Loan for owner occupied and non-owner occupied SFR & condo.
70% LTV for non-owner 2 to 4 units.
Cash out available – reduce LTV by 5%.
Minimum loan amount $100k.
Max dti 50%.
Max Loan amount $1,000,000. Max cash out $300k. No executed 4506T. No tax returns. No W2s. No 1099s. No Gift funds. Require down payment, closing costs and 6 months PITI in verified liquid reserves. Borrowers who own additional rental properties must have 6 months PITI for each additional financed property. See guidelines for specifics. CA only properties.
Stated Income “SISA”. No financials needed. Low Fico OK. Rates aprox. 11.5% to 13.5%. CA only properties
“We don’t make you Jump through Hoops!” Easy Stated Income Stated Assets – SISA up to 60% LTV or CLTV. Can be in 1st or 2nd position. Rates 9% to 11%. Only pay for what you are using. Juice it up and pay it down as much as you want. Brokers get paid on the gross line amount. CA only properties.
Low fico OK | Loan amounts $75K to $1,250,000 | No personal financials | No Credit Report. Loan term 6 to 9 months extendable | Great for fixing and flipping properties. Investment loan only. CA only properties.
Rate: 8.49%. | Loan will have 30 year amortization | Cheapest private money in the industry | Loans from $100,000 to $5,000,000 | Borrower needs 650 mid fico | SFR 1-4 units, Multi-family, Mixed Use. For Office, retail, auto service buildings and warehouses reduce LTV by 5%.
No 4506T. No tax returns. No W2s. No 1099s.
Stated income Stated assets “SISA” at 10.5% with No Fico. Loans to $2M. Terms are for 3 or 5 years. Corps – LLC and Trusts are all OK to fund into. Rates based on CA properties. Rates different for other states.
Combine all your SFR, Condo, 2-4 unit loans into one loan that is put into an LLC. | Up to 75% LTV. Rate is in the 5% range with a 30 year term.
The reason to this loan is to consolidate loans so that borrower will get a lower rate and borrower can get Fannie Mae, Freddie Mac loans again for other new properties. The new LLC Blanket loan is Non-Recourse! Program is good for refinance with or without cash out.
**This loan is all about cash flow of the properties not tax returns. Borrower will qualify at 1.2 times the new mortgage payment – aka 1.2 DSCR. If the property is under 11 months old value is calculated at 90% of cost. Any properties 12 months and over we can offer 75% LTV. Foreign Nationals are allowed up to 50% LTV but if co-borrower is a US citizen we can bump it back up to 75% LTV. Loan program available nationwide.
*LOAN PROGRAMS ARE BEING UPDATED. SOME PROGRAMS HAVE CHANGED OR NO LONGER AVAILABLE. PLEASE INQUIRE HERE.