Financing in Los Angeles>Question Details

alba, Both Buyer and Seller in Los Angeles, CA

Does anyone know where I can get good loans for rehab and construction of a spec house?

Asked by alba, Los Angeles, CA Thu Oct 11, 2012

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7
You should try a hard money lender. look at the link below.
Web Reference: http://hardmoneyloans.org
0 votes Thank Flag Link Fri Oct 19, 2012
It still gets down to assets, credit, income, etc. no matter how you structure any loan. What assets/collateral would this other entity have. You would have to have a pretty strong financial statement/s with accessible collateral for anyone, even hard money lender, to consider funding any type of loan. Especially a construction loan.
0 votes Thank Flag Link Mon Oct 15, 2012
Thank you for your responses
0 votes Thank Flag Link Mon Oct 15, 2012
I am in the LA county area.
As for what type of loans I am debating between a vacant lot and construction of a new spec house or rehabbing an exsisting house. Many banks won't loan because it is not my primary residence. I also am partnered with others. We want the name of the loan to be under the business and not just me.
0 votes Thank Flag Link Mon Oct 15, 2012
What area and what type of investments are you interested in?
0 votes Thank Flag Link Fri Oct 12, 2012
Call Ron Morillo or Rudy at RMC Funding, 626-584-9824 and tell them I recommended them.
0 votes Thank Flag Link Thu Oct 11, 2012
We offer up to 80% ARV on rehab flips, and up to 70% ARV for construction flips. My contact info is below. Please feel free to contact me at your convenience.

Joe Bonora
Aegis RE Partners
(813) 341-3654 x137
jbonora@aegisrepartners.com
0 votes Thank Flag Link Thu Oct 11, 2012
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