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ag957
531 Posts |
 Posted - 04/05/2008 : 06:30:42 AM
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DIRECT, HARD MONEY LENDER - SAN FRANCISCO/BAY AREA - TEL: 415-760-2338 - OVER 25 YEARS IN BUSINESS - PROMPT REPLIES (ALSO: WE ARE INTERESTED IN PURCHASE OPPORTUNITIES AND/OR LENDER PARTICIPATION DEALS THAT REQUIRE OUR CASH/QUICK CLOSE )
- residential and commercial property loans and investments/purchases
- no ficos, no bank statements, no tax returns
- good or bad credit borrowers - refis, purchases, rehabs, foreclosures,probates
- fast answers/ fast funding
- 1sts, 2nds - up to $20,000,000 - up to 65% LTVS
- no prepayment penalties - short or longer term
- competitive rates/fees - call for a quick quote
- we welcome brokers, birddogs, and/or anyone who wants to deal direct
Contact:
Art Gilberg
Tel:: 415-760-2338
Email: agilberg@aol.com |
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crankyusi
664 Posts |
Posted - 04/05/2008 : 09:01:07 AM
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| What's the minimum loan amount? |
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ag957
531 Posts |
Posted - 04/05/2008 : 10:32:54 AM
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our minimum loan amount is 100k
Art Gilberg
Trust Deed Investments, Inc - Direct Hard Money Loans
San Francisco, CA
Tel: 415-760-2338
Email: agilberg@aol.com |
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crankyusi
664 Posts |
Posted - 04/05/2008 : 11:35:33 AM
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| What's the approximate range of rate and term and points that you're looking for? Thanks if you would. |
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ag957
531 Posts |
Posted - 04/06/2008 : 07:35:58 AM
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For pricing the range is:
Interest Rate: 9-12 % Points: 3-6
If you have a particular scenario, the best thing to do on pricing is to email me or call me to discuss.... the following factors always affect pricing:
1. The LTV ( we go up to 65% )
2. the property ( location, condition, type )
3. the borrower ( strong vs weak, their exit strategy, their needs and expectations )
4. market conditions where the property is located
5. broker fees ( is there a chain? are you direct? )
6. complexity/risk of the loan and the time required for underwriting
Since hard money loans are always usually time sensitive, the more information you as a broker have relating to the above factors, the quicker you will get a hard , realistic quote and funding
Feel free to run any loan scenario by me that you have for either residential or commercial hard money/private money equity loan requests for California. I will give you a fast yes, no, or maybe - based on the above factors. And again, we can go up to $20M.
Art Gilberg
Trust Deed Investments, Inc. - Direct Hard Money Lender
San Francisco, Ca
Tel: 415-760-2338
Email: agilberg@aol.com |
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