California
Hard Money For All Of Your
Real Estate Needs:
Residential Loan Programs – We offer Interest Only first and second position notes and HELOCs to 70% LTV, (75% in selected areas of California) 90% CLTV with any fico score.
Commercial Loan Programs – We offer Interest Only first and second position notes to 75% LTV, 90% CLTV with any fico score.
Land and Manufactured homes – We offer Interest Only first and second position notes and HELOCs to 50% LTV, (65% in selected areas of California) 90% CLTV with any fico score.
Purchase – 70% of purchase price.
Rates – In Private money rates are market driven. In general our rates for first position loans range between 10%-11.99% for Owner Occupied properties and 10%-13% for Non-Owner Occupied properties. Our Second position and HELOCs start at 16%.
Multicorp provides first and second short,
intermediate, and long-term mortgage real estate
financing for a variety of real estate circumstances. Our expertise and
financing includes almost
every type of income-producing real estate property, including:
- Multifamily Residential/Garden Apartments
- Multifamily w/retail stores above
- Single Family Residence
- Office
- Mixed Use
- Gut Rehab Projects
- Residential Condominium conversion rehab projects
- Retail stores
- Industrial
- Warehouse
- Motel/Hotel
- Church
- Single Tenant
- Self-storage facilities
- REO
- Special Purpose Properties
-
and other commercial and residential real estate related projects.
Guidelines:
65%-70% LTV for most Properties with structures.
