Consolidate expenses
Get cash
Complete improvements
Obtain business purpose funds
(updated July 31, 2016)
We offer different hard money 2nd mortgage products on California properties. Substantial equityremaining in the subject property at closing is required to qualify, in addition to other considerations and legal requirements.
Interest rates and fees are substantially higher for privately-funded 2nd loans compared to 2nd loans from a bank or credit union. We do not provide bank-financed, “standalone” 2nd mortgages behind another lender’s 1st mortgage for purchase or refinance transactions. If you have very good credit, no recent history of major derogatory credit events, traditional income documentation and at least 25% or more equity in your home and are looking for a low-interest-rate, low-cost 2nd mortgage only, consult with your bank or credit union. If you do not qualify for a traditional bank 2nd loan, one of our Hard Money 2nd mortgages may be a solution for you.