LOAN PURPOSE |
|
INTEREST RATE[1] | Rates as low as 8.99% |
LOAN AMOUNT | $300K-$10MM[12] |
LOAN TERM | 12 to 18-month options available |
BORROWER TYPE | Individual or group |
EXPEREINCE | First-time buyers welcome |
REFINANCE MAXIMUM LEVERAGE LOAN –TO-VALUE[4] AND LOAN-TO-COST[5] |
Up to 75% |
PURCHASE MAXIMUM LEVERAGE | Up to 80% |
COST BASIS | Purchases and refinances owned more than 180 days |
REHAB ALLOWANCE | Up to 25% (cosmetic only) |
PROPERTY TYPE |
|
City, State | Los Angeles, California |
Population | 3,979,576 |
Map Coordinates | 34.01°N 118.41°W |
Median Home Price | $697,200 |
Housing Units Owner Occupied | 511,115 |
Housing Units Renter Occupied | 887,785 |
Hard Money Loan Volume | $2,743,519,694.40 |
Rental Property Loan Volume | $3,374,529,224.11 |
Bridge Loan Volume | $960,231,893.04 |
Fix & Flip Loan Volume | $2,085,074,967.74 |