La Costa Loans specializes in non owner occupied purchases, refinances, commercial, short sales and REO properties with the ability to close quickly. La Costa Loans' private money provides short term financings ranging from $50,000 to $1,500,000 when traditional capital sources are unavailable, too slow or too costly.
These short-term loans are used for both non owner occupied residential and income property for the purpose of acquisitions, flipping the collateral, seasoning the property for permanent financing, or providing cash-out. Additional collateral can be included to support the subject loan if necessary.
These short-term loans are used for both non owner occupied residential and income property for the purpose of acquisitions, flipping the collateral, seasoning the property for permanent financing, or providing cash-out. Additional collateral can be included to support the subject loan if necessary.
Services
La Costa Loans simplifies the lending process by concentrating on what is actually needed from our borrowers and because we are a direct lender La Costa Loans can make decisions and fund quickly. We understand that for you to be successful you must close purchases fast and efficiently.
All we need to start the loan process is the subject property address and a few facts allowing us to complete a preliminary analysis of the project to determine the funds required to make the loan equitable for everyone.Once we determine that the loan is equitable for all parties a Letter of Intent will be sent outlining the terms and conditions, costs and any additional information required.
All we need to start the loan process is the subject property address and a few facts allowing us to complete a preliminary analysis of the project to determine the funds required to make the loan equitable for everyone.Once we determine that the loan is equitable for all parties a Letter of Intent will be sent outlining the terms and conditions, costs and any additional information required.
Hard money is an excellent vehicle for your borrowers who are purchasing investment properties or who have unique situations that banks find unacceptable. You can be fully involved in the process or take a more hands off approach. Whichever way you choose to handle your customers is up to you. Brokers participate in over 75% of our loans and are paid through escrow at the close of the loan.
Investors own an undivided interest in a promissory note that is secured by a deed of trust or mortgage on real property. Our investors are currently enjoying returns between 10%- 14% annually which are suitable for individuals, trusts, pensions, IRAs and investment partnerships or corporations.
Our borrowers are typically seasoned real estate professionals who don't mind paying higher costs upfront because it provides them with the liquidity required to secure distressed properties at deep discounts which they in turn convert into profits on the backside of the transaction.This creates a compelling opportunity for our investors to participate in loans that offer very strong & predictable yields.
Our borrowers are typically seasoned real estate professionals who don't mind paying higher costs upfront because it provides them with the liquidity required to secure distressed properties at deep discounts which they in turn convert into profits on the backside of the transaction.This creates a compelling opportunity for our investors to participate in loans that offer very strong & predictable yields.
Hard Money or Private Money Loans in the Real Estate world are loans for cash. They are funded by private individuals and are secured by Real Estate. These are loans that traditional lending institutions consider nonconforming due to the condition of the properties or the quick time framed required by the sellers to close the purchase.
Hard Money Loans provide Investors access to capital to purchase investment properties. They can fund quickly, typically within 72 hours of receiving the final docs from the Title Company. Hard Money is available for adequately collateralized loans on single-family residential houses and other Real Property including commercial projects.
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