Commercial and Residential Property Loan Products for a Wide Variety of Needs
We are proud to offer an extensive lineup of loan packages to suit almost any lending need, including loans on commercial and residential properties for various purposes. Have a look at our offerings and feel free to contact us if you have any questions.
A business purpose loan includes, but is not limited to, a loan to acquire, maintain, or improve rental property; a loan to purchase, repair, or improve real property for use in the borrower’s business; a loan secured by a residential property to purchase equipment, machinery, inventory, supplies, rent, taxes, fixtures or furnishings used in the borrower’s business; for operating capital, employee salaries and other related business expenses; or to pay off or refinance business debts.
A consumer purpose loan is a loan primarily for “personal, family or household use.” Such loans include, but are not limited to, loans to purchase, remodel, repair or improve a principal residence or a second home; a loan to purchase furniture, furnishings, appliances, or other goods for consumer use; to pay or consolidate personal or family debt or credit cards; for education purposes, vacations, medical expenses, etc.
We make short term, equity-based loans on commercial properties in major metro markets of California. We lend against the following property types: multi-family 5+ units, office buildings and light industrial properties. We lend to individuals, trusts, LLC’s, corporations, partnerships and foreign nationals.
A bridge loan is a temporary loan with a maturity of 12 months or less connected with the acquisition of a dwelling intended to become the consumer’s principal residence. An example of such loan is a loan to finance the purchase of a new dwelling where the consumer plans to sell a current dwelling within 12 months.
In certain cases, we are able to write a short-term, 2nd or 3rd mortgage that allows borrowers to keep their low interest 1st mortgage with the bank in place while gaining access to some of their equity. 1st mortgage must be current and the borrower must have a realistic exit strategy.