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Hard Money Loan-To-Value* General Guidelines

The following hard money loan-to-value table is a general summary of the minimum and maximum loans (as compared to value) available from our hard money investors.

Loan-To-Value --
the ratio between the amount of a proposed mortgage loan and the lower of sales price or appraised value.

Please note that our investors and loan guidelines are subject to change, and all properties are considered on a case-by-case basis. Higher loan-to-value ratios may be possible in some circumstances when other real estate owned may be cross-collateralized. For additional information please call.

Private equity loans are not made by "loan sharks", the Mafia or pawn shops. Only professional investors make private money real estate loans.

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Hard Money Loan-To-Value* General Guidelines

Property Type	Purchase Southern CA	Purchase Northern CA	Cash Refinance Southern CA	Cash Refinance Northern CA	Other Areas** Purch or Refi
Owner-occupied residential SFR, condo, TH NO manufactured or mobile homes	Up to 75% 1^st TD Up to 65% CLTV 2^nd or 3^rd TD	Up to 70% 1st TD Up to 65% CLTV 2nd or 3rd TD	Up to 75% 1^st TD Up to 65% CLTV 2^nd or 3^rd TD	Up to 70% 1^st TD Up to 65% CLTV 2^nd or 3^rd TD	Other states: minimum loan of $250,000
Non-Owner-Occupied (investment or 2nd home) residential SFR, condo, TH NO manufactured or mobile homes	Up to 75% 1st TD Up to 65% CLTV 2nd or 3rd TD	Up to 70% 1st TD Up to 65% CLTV 2nd or 3rd TD	Up to 75% 1^st TD Up to 65% CLTV 2^nd or 3^rd TD	Up to 70% 1^st TD Up to 65% CLTV 2^nd or 3^rd TD	Other states: minimum loan of $250,000
1^st Trust Deed Commercial – 5+ unit apartments	Up to 75%	Up to 75%	Up to 70% **	Up to 70% **	Other states: minimum loan of $250,000
Commercial 1^st TD – Office, Industrial and manufacturing	Up to 75%	Up to 75%	Up to 70% **	Up to 55% **	Other states: minimum loan of $250,000
New Construction — Residential SFR	Up to 75% of future appraised value, min 10% required from borrower	Up to 60% of future appraised value, min 10% required from borrower	------------	------------	Not Available
New Construction — Commercial	Up to 70% of future appraised value, min 10% required from borrower	Up to 60% of future appraised value, min 20% required from borrower	------------	------------	Call (Minimum $250,000 loan)
Residential raw, vacant land – 1^st TD only See Other Land Loans	Up to 65% with NO seller-carried 2nd, or 50% with seller-carried 2nd. Min 10% borrower funds required	50% max, at investor's discretion Appraisal Required	Up to 50% ** Appraisal Required	up to 50% ** Appraisal Required	Not Available
Commercial raw, vacant land – 1^st TD only See Other Land Loans	Up to 65% with NO seller-carried 2nd, or 50% with seller-carried 2nd. Min 10% borrower funds required	50% max, at investor's discretion Appraisal Required	Up to 50% ** Appraisal Required	up to 50% ** Appraisal Required	Not Available

* Loan-To-Value: The maximum percentage of the loan compared to the fair market value of the property. To calculate whether your property qualifies for a hard money loan, multiply the fair market value of the property (times) the maximum loan-to-value percentage for your property type and location shown in the chart above. For example, if your property is worth $250,000 and the maximum loan-to-value is 75%, then $250,000 x 75% = $187,500 - the gross loan amount you would receive before paying off other liens (if applicable) plus loan points and fees.

** Cash-out refinancing: Cash-in-hand is evaluated on a case-by-case basis. Not all properties and transactions are eligible for cash-in-hand and/or may be limited to a predetermined amount.

*** Eligible States: We can originate hard money loans in most states, though our investors prefer the Western U.S.

Loan-to-Value and minimum loan amounts may vary depending on the state, property type, and purpose of loan.

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