Private investors have renewed confidence in lending short terms at hard money rates that is clearly showed itself on http://www.lendinguniverse.com hard money brokers increase their lead purchase below 60% LTV. The real estate home prices in West Covina California trading at 5 year lows of $365000. Real estate maiden prices ranging $657000 and more are still trading down every month.
Only few months ago hard brokers would buy only leads under about 50%-52% LTV on SFR or commercial however in drastic change of view and optimism that no farther catastrophic declined in the local market more investors are looking at the equity and security inherited provided as the best solution to edge against inflation. This is true mostly to business related loans commercial in nature. Dwelling which are owner occupied are not favorable by brokers and investors of private money because of new consumer protection laws which make it extremely hard to invest by exposing the investors to potential legal challenge.