Get $50K - $750K
Private Hard Money 3rd Position Loans
Residential & Commercial Properties
Equity Based 2nd & 3rd Position Loans
No Min Credit Score Required
Stated Income Program
BK, Short Sale & Foreclosures OK
2nd / Second Mortgages Liens
LTV (Loan to Value) up to 70%
LTV Up to 70% for Business Use
LTV Up to 65% for 3rd Lien
Interest Rates Starting at 9% *
Terms from 6 months to 30 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.
Property Type for Second Mortgage:
Multi-Family, Rental Property
Gas Stations, Car Wash
Senior Care Facility
Mini Storage, Warehouse
Vacant Land, Raw Land
We offer stated income, stated asset equity-based 2nd / Second and 3rd / Third 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 2nd / 3rd Loans & Financing are available for all Residential properties 1-
Second / 2nd Mortgage Private Money Lenders & Investors Fund Loans based on Equity in the Property and have Simple Loan Guidelines & Requirements.
We Provide 2nd / Second & 3rd / Third Position Lien Mortgage in Riverside, San Bernardino, Inland Empire, Fresno, Bakersfield, Los Angeles, Orange County, San Francisco, San Diego County and all of California.
Documents Required for 2nd / Second 3rd / Third Mortgage:
Mortgage Statement for 1st Mortgage
Mortgage Note for 1st Mortgage
Letter of Explanation for Use of Funds & Exit Plan
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 2nd / Second, 3rd / Third Mortgage Loans
A Second Mortgage Position is a 2nd Lien or a Junior Lien on the property. Second / 2nd Mortgage are also known as Home equity loans and home equity lines of credit (HELOCs). Second 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 because if the 1st mortgage 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.
Private hard money lenders and investors offering 2nd / Second mortgage would normally lend maximum of 70% of the property value. Depending on the existing 1st mortgage terms, they will structure the 2nd mortgage accordingly. We have access to network of lenders and investor specialized only in 2nd Second mortgage position loans.
Private Hard Money Home Equity Loans
A home equity loan is a lump-sum fixed loan against your property you get all of the money at once, and you repay with a flat monthly payment over the coming years. To calculate equity, subtract any outstanding loan balances from the property’s market value. Home equity can increase over time if the property value increases or the loan balance is paid down.
Home equity is the difference between the home's fair market value and the outstanding balance of all liens on the property. We have access to network of private hard money lender for home equity loans.
Private Hard Money Lenders
Alternative Income Mortgage Programs
What is a Non Prime Mortgage?
Non prime mortgages are for those borrower who either have no credit, poor credit or bad credit. Generally Non prime mortgage loans have higher interest rate as compared to conventional or FHA loans.
What is a Non QM Mortgage Loan?
A non QM mortgage loan (non qualified mortgage) is a loan that allows a borrower to use alternative income methods to qualify for a mortgage as compared to traditional income verification.
Alternative Income Mortgage Programs?
We offer alternative income mortgage programs for borrower who cannot qualify using traditional income verification. Borrower’s can prove income using bank statement mortgage, P&L profit & loss statement mortgage, VOE only mortgage (verification of employment), 1099 Income only mortgage.
We provide private hard money 2nd Second mortgage loans for Residential & Commercial properties in the city of Banning, Beaumont, Blythe, Calimesa, Canyon Lake, Coachella, Corona, Desert Hot Springs, Eastvale, Hemet, Indian Wells, Indio, Jurupa Valley, Lake Elsinore, La Quinta, Menifee, Moreno Valley, Murrieta, Norco, Palm Desert, Palm Springs, Perris, Rancho Mirage, San Jacinto, Temecula, Wildomar,Adelanto, Apple Valley, Barstow, Big Bear Lake, Chino, Chino Hills, Colton, Crestline, Fontana, Grand Terrace, Hesperia, Highland, Joshua Tree, Lake Arrowhead, Loma Linda, Lucerne Valley, Montclair, Needles, Ontario, Rancho Cucamonga, Redlands, Rialto, Running Springs, Twentynine Palms, Upland, Victorville, Wrightwood, Yermo, Yucaipa, Yucca Valley, Aliso Viejo, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, La Habra, La Palma, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, Lake Forest, Los Alamitos, Mission Viejo, Newport Beach, Orange, Placentia, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin, Villa Park, Westminster, Yorba Linda, Agoura Hills, Alhambra, Arcadia, Artesia, Azusa, Baldwin Park, Bell, Bell Gardens, Bellflower, Beverly Hills, Bradbury, Burbank, CalabasCarson, Cerritos, Claremont, Commerce, Compton, Covina, Cudahy, Culver City, Diamond Bar, Downey, Duarte, El Monte, El Segundo, Gardena, Glendale, Glendora, Hawaiian Gardens, Hawthorne, Hermosa Beach, Hidden Hills, Huntington Park, Industry, Inglewood, Irwindale, La Canada-
Flintridge, La Habra Heights, La Mirada, La Puente, La Verne, Lakewood, Lancaster, Lawndale, Lomita, Long Beach, Los Angeles, Lynwood, Malibu, Manhattan Beach, Maywood, Monrovia, Montebello, Monterey Park, Norwalk, Palmdale, Palos Verdes Estates, Paramount, Pasadena, Pico Rivera, Pomona, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, Rosemead, San Dimas, San Fernando, San Gabriel, San Marino, Santa Clarita, Santa Fe Springs, Santa Monica, Sierra Madre, Signal Hill, South El Monte, South Gate, South Pasadena, Temple City, Torrance, Vernon, Walnut, West Covina, West Hollywood, Westlake Village, Whittier, San Diego, Chula Vista, Oceanside, Escondido, Carlsbad, El Cajon, Vista, San Marcos, Encinitas, National City, La Mesa, Bakersfield, Oakland, San Jose, La Jolla, Fresno.
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