Get $50K - $750K
Private Hard Money Loans
Residential & Commercial Properties &
Equity Based Loans
No Min Credit Score Required
Stated Income Program
BK, Short Sale & Foreclosures OK
2nd / Second Mortgages Liens
LTV (Loan to Value) up to 65%
Up to 50% for Vacant Land Loan
Interest Rates Starting at 8.99% *
Terms from 6 months to 25 Years
Loan Fees 2 - 6 points *
*Rate, Terms, Fees are depended on the loan amount, loan to value, lien position, property type & location, purpose of loan, borrower ability to pay, credit etc.
Residential properties 1-4 unit
Senior Care Facility
Mini Storage, Warehouse
and Lot more....
We offer stated income, stated asset equity-based 1st & 2nd / Second Position loans to borrowers who can’t qualify for a bank loan or who simply need capital quickly. We care more about Equity in the property, borrowers Ability to make payments & theirs Exit plan to repay the loan. We won't waste your time. If we can't help you, we'll refer you to a private lender who may.
Private Hard Money Loans & Financing are available for all Residential properties 1-
Private Money Lenders & Investors Fund Loans based on Equity in the Property and have Simple Loan Guidelines & Requirements.
We Provide 1st & 2nd Second Lien Mortgage & Private Hard Money 3rd Position loans on Mobile Homes and Manufactured Homes on Permanent Foundation in the Riverside, San Bernardino, Inland Empire, Los Angeles, Orange County, San Diego County, Fresno, Bakersfield, Merced, Modesto, San Francisco and all of California.
Manufactured Homes (commonly known as mobile homes in the United States) is a type of prefabricated housing that is largely assembled in factories and then transported to sites of use. The definition of the term in the United States is regulated by federal law (Code of Federal Regulations, 24 CFR 3280): "Manufactured homes are built as dwelling units of at least 320 square feet (30 m2) in size with a permanent chassis to assure the initial and continued transportability of the home.
According to the Manufactured Housing Institute’s National Communities Council (MHINCC), manufactured homes are homes built entirely in the factory under a federal building code administered by the U.S. Department of Housing and Urban Development (HUD). The Federal Manufactured Homes Construction and Safety Standards (commonly known as the HUD Code) went into effect June 15, 1976. Manufactured homes may be single- or multi-section and are transported to the site and installed.
For loans & financing purposes a manufactured home (mobile home) will always be considered a manufactured home. Financing is still available for manufactured homes on land, especially if it is on a foundation, the title has been removed and is classified as real property (not personal property). The 433(A) is entitled Notice of Manufactured Home (Mobile Home) or Commercial Coach, Installation on a Foundation System. When recorded with the county recorder and properly reflected on HCD’s title as on a permanent foundation, it effectively merges the manufactured home with the real property so that a lender may proceed with a foreclosure as they normally would do if it was a “stick built” home on real property.
The only Manufactured Homes that may be classified as real estate or "real property" are those which have a permanent foundation built to FHA standards. They must be considered a "permanent dwelling" or the home is considered personal property for tax purposes and is ineligible for mortgage. The Manufactured home or Mobile Home has to be installed on permanent foundation to qualify for our private hard money loans.
What is Hard Money or Private Money Loans? How to Get Hard Money Loans?
A Hard Money Loans is a specific type of asset-
Private Money Loans is commonly used term in banking and finance. It refers to lending money to a company or individual by a private individual or organization. While banks are traditional sources of financing for real estate, and other purposes, private money is offered by individuals or organizations and may have non traditional qualifying guidelines. There are higher risks associated with private lending for both the lender and borrowers.
Hard money lenders are lending companies, or individuals, offering a specialized type of collateral backed loan. Private Hard Money Lenders tend to lend short-term loans (also called bridge loans) that provide funding and or cash, based on the value of the collateral. Hard money lenders and Investors can and will utilize all types of collateral- residential properties, commercial properties, vacant land, vehicles, etc. to complete the loan. Hard money lenders tend to focus on the value of the collateral and sometimes borrower's ability to repay the loan, FICO score, debt to income balance; instead of based on their own personal income or other assets, as is common with traditional conventional lenders. Hard money lenders typically charge much higher interest rates and fees than banks because they fund deals that do not conform to bank standards such as verification of borrower's income, assets, or credit score.
A Second Mortgage Position is a 2nd Lien on the property. Called lien holders positioning the 2nd mortgage falls behind the 1st mortgage. When refinancing if the borrower wants to refinance the 1st mortgage and keep the 2nd mortgage, the homeowner has to request a subordination from the 2nd lender to let the new 1st lender step into the first lien holder position.
A Second Mortgage can be structured as a fixed amount to be paid off in a specific time, called home equity term. They can also be structured like a credit card giving the borrower the option to make a payment less than the interest charged each month.
2nd mortgages are riskier for lenders and thus generally come with a higher interest rate than first mortgages. This is due if the loan goes into default, the first mortgage gets paid off first before the second mortgage. Commercial loans can have multiple loans as long as the equity supports it. Due to lender guidelines, it is rare for conventional loans for a property having a 3rd or 4th mortgage.
We provide private hard money loans against Manufactured Homes in the city of Alhambra, Anaheim, Antioch, Bakersfield, Berkeley, Buena Park, Burbank, Carlsbad, Carson, Chico, Chino, Chula Vista, Citrus Heights, Clovis, Compton, Concord, Corona, Costa Mesa, Daly City, Downey, El Cajon, El Monte, Elk Grove, Escondido, Fairfield, Fontana, Fremont, Fresno, Fullerton, Garden Grove, Glendale, Hawthorne, Hayward, Hemet, Hesperia, Huntington Beach, Indio, Inglewood, Irvine, Jurupa Valley, Lancaster, Livermore, Long Beach, Los Angeles, Menifee, Merced, Mission Viejo, Modesto, Merced, Moreno Valley, Murrieta, Newport Beach, Norwalk, Oakland, Oceanside, Ontario, Orange, Oxnard, Palmdale, Pasadena, Pomona, Rancho Cucamonga, Redding, Redwood City, Rialto, Richmond, Riverside, Roseville, Sacramento, Salinas, San Bernardino, San Diego, San Francisco, San Jose, San Leandro, San Marcos, San Mateo, Santa Ana, Santa Barbara, Santa Clara, Santa Clarita, Santa Maria, Santa Monica, Santa Rosa, Simi Valley, South Gate, Stockton, Sunnyvale, Temecula, Thousand Oaks, Torrance, Tracy, Vacaville, Vallejo, Ventura, Victorville, Visalia, Vista, West Covina, Westminster, Whittier and all California.
vfindloans.com 1307 West 6th Street # 219, Corona CA 92882 * Tel: 951-254-3712 * Fax: 951-710-6411
Business Hours: Monday thru Friday 9:00 am - 5:00 pm