
You Can Buy a Home in 2020 with These Low Income Mortgage Programs
Low Income Home Loan Options Give You Hope Thanks to the many low income home loans available in the market today, you can be a
CambridgeHomeLoan.com is #1 hard money loan lender in Burbank. We have gained our reputation as the fastest hard money loan lender in multifamily loans and bridge lending because we know how critical each day is in the competitive Burbank real estate market.
Commercial Real Estate Hard Money Loan. Great Rates! Fast Close!!
Hard Money Loan Application
Hard Money Loan Burbank
We provide a Fast Close for Investment Properties and Commercial Real Estate. Fix and Flip, Fix to Rent, Multifamily, Commercial real estate.
We have Purchase, Refinance and Cash out Refinance programs available. Hard money Loan programs can finance up to 90% of the acquisition on fix To flip/Fix to rent and 85 – 100% LTC of commercial real estate and multifamily value added acquisition.
We provide 100% of the construction costs. For all of your hard money needs, contact us today! Great Rates! Fast Close!!
Once completed we can refinance into a 30 year loan at low rates!
Commercial Real Estate Loans
* Commercial Value Added Properties: Up to 100% of the purchase, 100% of the Rehab. Up to 75% of as repaired value.
* Multifamily Value Added Properties (See Above) or 87% LTC.
* Commercial Real Estate Financing: Conventional Purchase, Refinance, Cash Out Refinance
A hard money loan is a way for you to borrow money for real estate without using traditional mortgage lenders. Instead, the funds come from individuals or investors who lend money based primarily on the property you’re using as collateral.
Traditional mortgage loans require proof that you can comfortably repay the debt. Lenders often review your credit scores and any income available to evaluate your creditworthiness. If you have plenty of income, savings, or can get another collateralized loan you might not need to worry.
However, the process becomes more challenging if you have a low credit score, an income source that is difficult to verify to your lender’s satisfaction, or a high debt-to-income ratio.
Hard money loans are generally short-term loans, lasting from 1,2 or three years. You use them as a quick way to get money for a purchase. However, you wouldn’t want to keep one of these loans for an extended period because interest rates for hard money are typically relatively high.
A hard money loan is a loan from a private or non-traditional lender. The asset being purchased is used as the collateral for the loan, reducing risk for both the borrower and lender.
Hard money loans are used for quick turnarounds between the purchase and sale of a property. They can also be used for quick home financing until the buyer secures a traditional loan.
These loans are generally used in the real estate industry. Some investors buy homes in need of repairs, fix them up, and then sell them for a profit. This is known as flipping and can be hard to get financing for.
Other real estate investors might use hard money loans for commercial or rental properties if they can’t find conventional financing.
Banks also have a list of issues that will raise a red flag and prevent them from even considering lending to a borrower such as recent foreclosures, short sales, loan modifications, and bankruptcies. Bad credit is another factor that will prevent a bank from lending to a borrower. Most banks will not lend to a borrower who already has 4 mortgages even if the borrower’s credit is perfect with no other issues.
About Burbank–
Burbank is a city in the southeastern end of the San Fernando Valley in Los Angeles County, California. Located 12 miles northwest of Downtown Los Angeles, Burbank is home to Walt Disney Studios, Warner Bros. Studios, and Nickelodeon Animation Studio. In addition, it contains the largest IKEA in the U.S.
Burbank is an all-around good neighborhood. There are nice parks, ok transportation, and nice people all around. There aren’t too many things to do, but there are a few unique things in the downtown areas. Mostly known for Universal Studios and tv/movie entertainment studios.
One of the best places to invest in Flip houses and commercial real estate
CambridgeHomeLoan.com takes an active part in helping our customers achieve their long term goals. Fast closings and refinancing into better rates when it matters. Feel free to contact us with your loan scenario at 800-826-5077.
Fix and Flip or Fix To Rent Loans can be closed in just 5-7 days. If you would like to prepare for your first deal contact us for a soft quote and our due diligence check list. From your first investment real estate loan to putting together a portfolio loan for all of your investment properties, CambridgeHomeLoan.com is the resource that can help you from the very beginning of your investment career.
CambridgeHomeLoan.com can manage all of your real estate loans from ground up construction, spec houses to fix and flip and fix to rent home loans. When you want to get your price and close in just a few days to easy rehab draws that can help you get your project done on time and in budget. Give us a call today with your project outline and we can give you the possibilities.
Why Live in Burbank? “Burbank will always be a desirable place to live, because of people like us, who are family- oriented,” said Sofia Sedrakian, 38, a local realtor with the Miranda Team, an affiliate of Keller Williams, who has lived in Burbank with her family since 1998. “There are so many parks and recreation centers.
We are serving all of Burbank including nearby cities Glendale, La Canada Flintridge, West Hollywood, Beverly Hills, Los Angeles, Pasadena, South Pasadena, Altadena, San Fernando, Alhambra, Culver City, San Marino, San Gabriel, Monterey Park, East Los Angeles.
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