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Robert Zolatn's Blog

By Robert Zolatn | Mortgage Broker
or Lender in 91601
  • How to find hard money lenders in Santa Ana California

    Posted Under: Financing in Santa Ana  |  August 1, 2010 12:06 PM  |  701 views  |  No comments

     

    Private hard money lenders are in better frame of mind to lend that can be observed on http://www.lendinguniverse.com brokers who specializing in hard money are trying to buy all the leads possible below 65% LTV. Real estate homes and commercial properties in Santa Ana California is now trading at low $279,000. Those properties that range in price of $502,200 and more may still going  down in that local.   

    Early on this year would stay away from mortgage leads higher than about 47%-55% loan  to value on SFR or commercial properties but with the renewed optimism of stabilizing the local market more private investors are willing to  invest in equity trust deeds. This is true to business related loans secured by commercial or residential real estate. Consumer loans are mostly avoided by private hard  lenders because of consumer protection  laws and rules enacted by the Federal and states and which make it  hard to invest by exposing the investors to future legal challenge by the borrower.

 
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