Two R2 Projects! Build New Duplexes! Both in the 90061 Zip Code!
1229 E. 109th Place Los Angeles, CA 90061
R2 Zoning Existing SFR is a 2/1 756 SF Lot size 5325 SF Will be delivered vacant! Price $418,000 – Buyer to take over or buy out the existing solar lease (buy-out it $18,000)- EMD $10,000 Closing February 21
437 W. 111th Place Los Angeles, CA 90061
Existing SFR is a 2/1 876 SF
Lot size 7003 SF VACANT!
Closing February 10 Both of these properties are in nice neighborhoods of South-Central Los Angeles. Perfect to build new duplexes, add ADU’s, or expand the current SFR’s.
Regardless if you are a seasoned real estate investor, a savvy house-flipper or an entrepreneur in need of your first real estate loan, my lender partner can help you finance your vision.
They offer asset-based financing that rivals hard money. And because time is money, their loan processing is fast and streamlined so you’re on your way to realizing your vision quickly. These loans are perfect for short-term, long-term or fix-and-flip transactions.
Their flexible investment property and small commercial loans are available for:
30-year Investor Loans with No Balloon.
Consider locking in the historically low rates with no balloon payments.
The loan is designed for investors seeking a simple financing solution for purchase or refinances, with the flexibility to remain in the loan for up to 30 years.
This loan eliminates the balloon payment associated with private money loans, along with the rate hikes of adjustable-rate mortgages.
Because the FlexPerm loan is asset-based, it’s perfect for independent, buy-and-hold real estate investors and small business owners who are tough to qualify.
Great for qualifying W-2, self-employed investors and small business owners.
Based on the property value and its revenue-generating potential.
Best alternative to hard money loans.
Available as a 3-year-fixed or 30-year-fixed loan, each amortized over 30 years.
Loans for Fix-and-Flip Investors.
Fast and flexible fix-and-flip loans for real estate investors
Renovations can be hard work. Arranging the right financing solution should be simple and quick.
In as little as nine days, you can obtain up to $2 million in funding for your investment acquisition.
Their ARV loan is designed for independent real estate investors who are often tough to qualify. Based on the property’s “as repaired value” (ARV), it’s the best short-term, interest-only solution for acquiring and improving property value for fix-and-flip investors.
• Allows borrowers to finance improvements.
• Great for borrowers who need a quick close.
• An interest-only 1-year term provides lower monthly payments.
• A higher LTV than hard money lenders.
• Available for Investor 1-4 properties (SFR, condo and 2-4 units).
Even if you have a bankruptcy, you can still get financed after 24 months after the discharge date.
Quick and Easy Qualification for Investors and Small Business Owners With Credit Issues
Investing in residential and commercial properties is a long-term commitment so why should your options be limited? If you’re looking for an easy and quick qualification for your investment property loan, and you have credit issues and high equity, I can help.
Whether it’s a purchase or refinance, this loan offers easy credit requirements for your residential investment and small commercial properties.
• Great for borrowers with a recent bankruptcy or notice of default.
• No seasoning of ownership required.
• Derogatory mortgage history is OK.
• Available as a 3-year-fixed or 30-year-fixed loan, each amortized over 30 years.
This is a nice opportunity to develop a large lot in Northeast Los Angeles (NELA).
This is a hot area, with a large amount of development going on by investors and builders.
It will be delivered vacant, which is always our first concern.
There is value in this project, whichever strategy you initiate. We have been told that you can build up to five (!) units on this large lot, but do you own due diligence with the city.
Take a look at the numbers: – existing single-family home, 3 beds and 1 bath, is 1314 sf – great lot size! 8242 sf –Delivered vacant! – closing date is August 30 – EMD is $10,000 – Purchase Price is $765,000
Hard Money & Private Funds Available for Investors
Loans from $75,000 Not many lenders arrange loans as small as $50,000. We will!
Fix and Flip We lend up to 90% of the purchase price and 100% of the renovation budget. In addition, we don’t charge interest payments on the rehab dollars until it is drawn.
Competitive rates and fees You came to the right place if you are looking for a private or institutional hard money!
Bail Out Loans An equity-based program. If we can keep it under 65% LTV, we can bail you out in 7-10 days. (Only CA and TX)
Commercial, Land, Agricultural and Specialty Properties Commercial, apartments, land, Wearhouse, partially completed construction projects, industrial, automotive and many other types of properties are those we lend on.
2nd and 3rd Mortgages We arrange second and third mortgages every month. (Only CA, TX)
Construction Completion/Development Project Got construction project? We have multiple ways to structure your file, so you can complete your project and get it sold!
Business/Merchant Funding Do you need working capital/payroll/expansion for your business? We can fund in 5-7 days. To qualify, all we require is the business to be established for at least 6 months and provide 6 months business and credit card-merchant processing statements. Long Term Rental Loan Programs We offer 5,7,10 and 30-year fixed term, starting at 5.875% rate and can leverage up to 85% LTV
Here’s a duplex in L.A. near USC! The property is zoned LAR2, and is currently rented at below market rents, which is one reason we obtained the large discount from list price. The tenants can be relocated with the proper allowance, so take that into account when doing the math.
It’s a very nice street on the north end of South L.A., and has potential to be a great long-term income property once fixed and rented.
Here are the details: – existing two units 1/1 up and 2/1 down- 2168 square feet- lot size 5480 sf- EMD is $10,000- closing date is July 23- tenants paying just $500 each ($1000 total)
– Purchase Price is $450,000 (it’s currently listed for $510,000)-
Remodel cost guesstimate $80,000-ARV around $630,000