Our lending guidelines are highly flexible than most of the Big Banks and their constraints. We only abide by two things:
- Lending on real estate
- Property has to be in California
There are other significant components that we take into consideration prior to lending money to the Borrower.
We first make sure that the property against which we are lending money is free from any loans and liens. In case, the property is riddled with such problem we jump hand down with our Borrowers to seek a feasible solution to make the property rid of loans and liens.
This is segregated into two parts:
Land- It is god’s own piece of paradise where the construction is done. Location is important in defining the value of the property therefore, when the property is appraised, land value is appraised in the total value of the property.
Structure- It can be of any types like house, 4plex, duplex, building, apartment, commercial building and so on. Prior to lending loan we consider the condition of the structure and even allow deferred maintenance to be there when closing the loan. Our lending officers are available at 818-266-8848 to clear any property issues, if present.