California Finance Lenders & Hard Money

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socalusa

267 Posts

Posted - 05/17/2008 : 9:49:26 PM

I've just came across a CFL licensee that claims they make Hard Money Loans using Private Party Investors. I didn't know if they could do that.

I do know they can arrange, make, or buy new loans using Corporate Lines of Credit, but I've never heard that a CFL Licensee can do concurrent assignment recording using private mom & pop Investors.

Are they doing things illegally, or am I missing my ABC's.

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