Los Angeles Private Lender Expands into Distressed Residential Market
October 17thCapital Funding Corporation of America structures senior wholesale lending facilities to hard money lenders and mortgage pool managers in the Western United States. Lines start at $5Million up to $50Million.
Lender Warehouse Line of Credit (Western US)
- 8O% of lender advance
- Rates from 5.50%
- Fees from 3 points (paid once upfront only on total line amount)
- No recorded assignments
- Western US
- All loans made from special purpose LLC (formed with lender)
- Lender underwites and funds every deal
- Can close with 100% then we advance to 80%
- Will fund existing inventory
- Fast Closings
- No lengthily appraisals
- No Prepay
- 36 month term
- Capital advance per deal between $50,000 - $500,000
- SFR + 1 - 4
Due Diligence Requirements for all applicants:
- CFC Lender Warehouse Line Application package
- Audited Financials (when available)
- Financial Statements
- Current inventory Schedule
- Protected Future inventory Description
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