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Posted: Monday, March 6, 2017 10:56 AM

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Get Loan against Real Estate for Purchase, Refinance, Cash out, Rehab
or Debt Consolidation in Pomona


1st, 2nd or 3rd Position Mortgage
No Min Credit Score Required
Stated Income, No Tax Returns or W2
Up to 75% LTV (Loan to Value)*
Term from 6 Months to 30 Years*
Interest Rate Starting from 6.75%

Easy to Apply, Quick Approval & Get Fast Funding in 7 - 10 Days

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Call / Text or Email - Steve - (951) 254-3712   or   Visit   www.vfindloans.com
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Get Private Hard Money Loans Against all
Owner Occupied, Non-Owner Occupied Properties,
Residential or Commercial Real Estate
or Vacant Land in Pomona CA

---- Property Types ----
SFR, Multi-family, Rental Property
Mixed use property, Apartments,
Office Buildings, Retail Strip,
Gas Stations, Auto Repair Shop
Senior Care Facility, Funeral Homes
Mini Storage, Manufactured Homes
Warehouse & Commercial Properties,
Vacant Land, Raw Land, Commercial Land

---- Loan Purpose ----
Purchase, Refinance, Cash out,
Debt Consolidation
Business Debt Consolidation
Rehab, Home Improvements
Construction Loan,
Fix & Flip Loan for Investors,
Business Loan Purpose
or get loan for any Purpose.

Whether you have bad credit or No credit
we have loan program for every borrower.
We have stated income, stated assets, No doc Loan program.

Contact Us NOW for Free Consultation
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Call / Text or Email - Steve - (951) 254-3712   or   Visit   www.vfindloans.com
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* Each loan is unique and the rate, terms, fees are depended on the loan amount, loan to value, lien position, property location, property type, purpose of loan, borrower ability to pay, credit etc.

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.

A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued by private investors or companies. Interest rates are typically higher than conventional commercial or residential property loans because of the higher risk taken by the lender. Most hard money loans are used for projects lasting from a few months to a few years. Most Hard money loans are stated income, stated assets in some case no doc loans.

Private money is a 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.

A commercial loan is a mortgage loan secured by commercial property, such as an office building, mixed use property, commercial buildings, shopping center, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, rehab or redevelop commercial property.

Commercial loans are structured to meet the needs of the borrower and the commercial lenders. Key terms include the loan amount, interest rate, term, amortization schedule, and prepayment flexibility. Commercial loans are generally subject to extensive underwriting and due diligence prior to closing. The Commercial lender's underwriting process may include a financial review of the property and the property owner, as well as commissioning and review of various third-party reports, such as an appraisal.

Pomona 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 capital (also called bridge loans) that provide funding and or cash, based on the value of the collateral. Pomona Hard money lenders and Investors can and will utilize all types of collateral- cars, boats, land, airplanes, hard assets, paintings, etc. to complete the loan. Hard money lenders tend to focus on the value of the collateral and sometimes borrower's ability to repay, FICO score, debt to income balance; instead of based on their own personal income or other assets, as is common with traditional lenders. Hard money lenders typically charge much higher interest rates than banks because they fund deals that do not conform to bank standards such as verification of borrower's income, assets, or credit score.

Pomona Private Hard money lenders & Investors will offer a range of requirements on how much they will lend (loan to value), what types of real estate they will lend on (commercial, residential, multi-family, land) and minimum and maximum loan sizes. Hard money lenders that lend on residential property are licensed through their state regulatory agency.

We provide Hard Money 2nd second and 3rd mortgage loans. A 2nd Mortgage is a second lien on a 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 2nd 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.

Pomona Hard money lenders provide Stated Income Loans. Stated income loans allow borrowers to simply state their monthly income on a mortgage application instead of verifying the actual amount by furnishing pay stubs or tax returns. Stated income loan are mostly used by self employed borrowers. In some cases lender would ask for bank statements to support the stated income.

A SIVA loan, or stated income/verified asset loan, allows you to state your monthly gross income on the loan application and requires you to verify your assets by furnishing bank statements or a similar asset document.

A SISA loan, or state income/stated asset loan, allows you to state both your monthly gross income and your assets. So in this case, both items are simply stated, and the bank or lender will not ask you to verify the information.

We have access to hundreds of Private Hard Money Lenders for Vacant Land, Hard Money Lenders for Rehab, Fix & Flip, Construction Loan, Manufactured Home Loans in Pomona.


• Location: Los Angeles, Pomona CA

• Post ID: 94266652 losangeles
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