Santa Paula Hard Money Loans
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The property must be something you're looking to purchase. That is because of the Dodd-Frank Wall Road Reform and Consumer Protection Act. We lend on all sorts of properties and land - ranging from houses, reminiscent of single household residences, to duplex, 3plex, 4plex, warehouses, and even land. The property must be profitable. The property can’t be proprietor-occupied. It’s harder for us to lend, if you happen to don’t have a excessive margin property. Lending on proprietor occupied properties increases danger, and it’s one thing we want to keep away from. One of the best ways to make sure we will assist you, is by reviewing our criteria below. We’re completely satisfied that will help you. That is self evident, because anything smaller - and it’s not going to be value your time, or our time to fund. The property needs to be no less than 900 square ft. Like many lenders, we don’t lend on owner-occupied properties. We can't lend in opposition to an asset you don't own. We want you to be worthwhile, and we need to provide you with funding as soon as potential. For those who don’t have enough margin, you’ll simply drown in debt because the property doesn’t sell. As a Los Angeles rehab lender, we focus on excessive-margin properties.
Hard Money Loans Near Me in Santa Paula California