Investor confidence in the financial system has also been so badly shaken that many remain very cautious, with high levels of cash kept on the books by most fund managers as they ensure they are not caught out by a sharp downturn in sentiment.
Santa Rosa, CA, October 08, 2010 — Even big money hedge fund and Mortgage fund investors hate to lose money and many are seeking a more conservative way to make high returns on their capital in a sour economy.
Mortgage fund managers are increasingly embracing private commercial mortgage lending as a way to enhance yield and decrease the overall risk of a portfolio. The credit crisis has greatly reduced the availability of commercial mortgage capital and, at-the-same-time, made it harder for borrowers and buildings to qualify for financing. The result is a glut of good deals that should be funded but can’t be funded.
Some hedge funds and Mortgage funds are stepping in and helping fill this “funding gap”. This unprecedented move by private investment funds into commercial real estate finance was prompted by the demands of unhappy investors. When wealthy business people put several hundred thousand in a fund and pay a hefty management fee, they have the right to expect results. After being promised double digit yields, many investors lost large amounts of money and actually had trouble accessing the money they had invested.
Faced with disgruntled and disenchanted clients, Mortgage fund managers were desperate for a high return investment that offered at least some measure of real security. For many, private commercial mortgage loans have proved to be the answer. Unlike residential lending, commercial mortgage banking is largely unregulated and posed no barrier to entry for private investment funds. The credit crunch was (and is) keeping real estate investors, large and small, from obtaining the capital they needed to refinance their buildings or buy any new ones. Thousands of excellent deals with very reasonable risk parameters were (and are) going unfunded and the lack of institutional credit drove private lending rates high enough to pique the interest of even the most sophisticated and return hungry fund managers.With rates ranging between 10% and 15% interest only payments it leaves building owners a quality source to take their loans for funding.However some of these Private Money and Hard Money companies are recommended more then others.There are some in the Hard Money industry that charge a $25,000 to $ 50,000 retainer fee for their services whether or not they perform.So it is always wise to check the track record of the company you are using.One company that we can recommend for loans in the state of California is http://www.Ourfundsonline.com they have a sucessful track record of closing loans in both northern and southern California see below for the loan types and properties they are financing.
Purchases&Refinances with Cash-Out
* Equity Partners
* Hard Money Construction Loans
* International Commercial Project Loans
* Hedge Funds
* Insurance Money
* Joint Ventures
* Lines of Credit
* Overseas Commercial Loans
* Pension Funds
* Private Hard Money Lenders
* Private Lenders
* Private Equity
* Private Money
* Real Estate Lending
* Trust Funds
* Wholesale Hard Money
* Wholesale Commercial Mortgages
* And More programs out daily …
Land: with Entitlements
Construction and Rehab loans
No Pre-Payment Penalty Programs Available for a fee
California Bridge Financing
Short Term “Bridge or Gap” Financing
Acquisitions with Low Fee and Rate Hard Money
Cash Out Refinances
Tenant Improvements or Rehab
California Rehab Flip Hard Money Loans – Loan to cost
Residential and Commercial REO, Distressed Sale, Trustee Sale, Short sales.
Loan Amounts: $100,000 – $1,000,000 – No Prepay
Term: 6-months, up to two 3-month extensions
LTC: 70 (up to 75% exception)
Fico: 625+ (mid score)
Personal Gaurantee: All partners must sign a personal guarantee
Required Reserves: 50% of rehab costs * 6-months payments
Rehab Expenses: Must be fund controlled or suitable alternative
Rehab Draw: 2-3 draws permitted based upon inspection
Rehab Timeline: All rehab work must be completed within 75 days
Private Money in California
Fast private money loans California
Specializing in apartment private money loans California
We have hard money loans California
in as well for the very poor credit borrowers
Loan Structures – California Private Money – California Hard Money
Hard money loans are real estate collateralized loans based on the sale value of the property against which the loan is made. Private money lenders generally only lend in 1st positionLoans on Residential Properties *must* be for investment or commercial purposes non owner occupied or the maximum we will lend is 60% max.
Based in Santa Rosa, California – Our Funds Online is a residential and a commercial real estate lender providing fast, creative funding solutions nationwide.We offer bridge loans, mezzanine debt, construction financing (including land development) and occasionally equity participation. It specializes in non-conforming transactions ranging from $2 million to $100 million and above. Please visit us online for additional information http://www.Ourfundsonline.com operators can be reached 24 hours per day toll free at (877) 870-2676 or local office line (310) 984-0496
Press & Media Contact:
Jeffrey Martino Young
1585 Terrace Way
Santa Rosa, CA 95404
Mob: (310) 984-0496 24 hour contact line
Tel: (877) 870-2676 Toll free line