LBC Capital is a trusted name for Private Mortgage funds and Hard Money lending. We pride ourselves on providing loans for Hard Money borrowers quickly, us
LBC Capital is a trusted name for Private Mortgage funds and Hard Money lending. We pride ourselves on providing loans for Hard Money borrowers quickly, using an evaluative process that is among the best in the business. Investors can’t resist our company’s ROI of 8%, private mortgage pool, and investments secured by real estate.
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Back to Basics, about what we do:
Basic info on our loans:
INTEREST ONLY - never amortized.
12-24 months long. Most are 12 months
STATED income - Not verified
Stated income - not verified. No W-2's or tax returns needed EVER.
Down Payment 25-35%. The more the buyer puts down the lower the rate.
Rates start at 8.5% - but remember, with interest only, the payment is similar to a 5-6% loan rate
This is GREAT for your clients who have more than 4 bank loans on property and can't get any more bank loans and can't tap the equity either.
Also great for buyers who want to beat others out in buying a property because it is like paying cash and closing in 7 days.
We do Loans for :
Fix and Flips
Purchase of Investment property
Remodel/rehab of rental property
If you have any clients that want to take money out of the house they live in so they can get a down payment to buy a rental or investment property or flip, we can do that loan too, as a 2nd or a 1st.
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Some great modern updates that will make renters swoon!
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Does your property need a face-lift? Investing in renovations can drastically affect your yearly returns!
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Your local Los Angeles home loan resource. NMLS#611773 / CA Company ID# 12072
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