Tuesday, October 21, 2008

Los Angeles Hard Money

Hard money Loans are private mortgage loans (Hard Money) for property owners facing foreclosure, possessing credit challenges, and those in need of immediate cash. It is unique financial product with quick application and loan-funding process to complete mortgages faster than most of traditional financial institution can offer. We arrange loans for land, residential, commercial, mixed-use and other property types.

Loan amounts range from $10,000 and into the millions and loans terms are from 3 to 24 month.

There seems to be a lot of confusion in California surrounding exactly what is meant by private money loans (also referred to as "hard money loans"). The basic idea of private money lending in Los Angeles Hard Money is that private individuals who have money to invest choose to loan that cash, generally on real estate secured transactions, with the desire to receive a fair return (commensurate with risk) on their investment. The most important as a defining characteristic of private money lending in Los Angeles is the process and criteria by which the money is allocated to loans.

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