Private Ethical Soft Money for Southern California Real Estate Loans
May 29th, 2010 categories: The Note Business
If you’re getting this in your email, click here to watch the video.
MEET THE TEAM
Dawn Rickabaugh, Broker
When banks say NO, I say YES!
Owner Financing Consultant
[email protected]
P.(626)470-3477
F.(626)451-0454
When banks say NO, I say YES!
Owner Financing Consultant
[email protected]
P.(626)470-3477
F.(626)451-0454
- GOT BOOK?
- HOW WE CAN HELP
- NOTE QUEEN STORE
- TESTIMONIALS
- F.A.Q.
- PRESS RELEASES
- LAND TRUSTS
- DEF. SALES TRUST
- BUSINESS NOTES
- PRIVACY POLICY
If you’re getting this in your email, click here to watch the video.
CATEGORIES
- Events
- Inspirational Notes
- Land Trusts
- OWC Properties
- Real Estate News
- Seller Financing
- Selling Your Note
- The Note Business
ARCHIVED ARTICLES
- January 2012
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
Hi Dawn:
What kind of LTV for say a 1 mil residential?
80% LTV? 8%? What points?
Thanks,
Brian
PS I have a ton of RE Investors who do not like their REI Hard Money terms.
PPS Who was behind those Foster Grants? (I am dating myself there!
)
Dawn:
You may get arrested for impersonating Stevie Wonder in your video with the giant shades. What are the particulars on your “soft” money lender?? MAx loan amount available? LTV requirements? FICO score requirements? Any other requirements that he has for making good sense loans on deals that make sense??
Hey Brian and Doug . . . thanks for stopping by and for commenting; sorry that my blog didn’t scream at me and I missed them til just now.
This friend of mine and his associates are looking for safety, and in exchange, they’re willing to offer decent interest rates (8-11%), and they don’t want a broker making a killing on points and padding the interest rate.
So, LTV would need to be low, highest LTV on SFR would be 65%, lower on other types of property. If I’m putting these deals together, I will never charge more than 3-4 points, so there’s really no room for splitting broker fees. I’d need to have direct access to the borrower, no broker ‘daisy chains.’
To date, they’ve done a lot of small loan amts ($50,000-$200,000), but will consider loans up to $500,000 if it makes sense.
I understand that this is a niche product and won’t help most people, and I’m not actually trying to get known as a private money lender. I’m just trying to help my friend find good safe loans that allow him to enjoy his retirement and sleep with a clear conscience. Who is borrowing and why make a difference. It’s not just about the money.
Hope that answers at least a couple of questions . . .
Yeah, those are my $10 CVS special shades that my daughter bought me! I can be a dork if I want to
Hey… really like this… what’s the address of the “Queendom”? I’d love to meet you there sometime…
Hi Dawn,
Interesting, I will be calling.
Simon
I am an investor in southern ca I buy fix and sell homes I am primarily working near palm springs I am interested in getting a loan on a property i own free and clear. I use all of my own money right now but am looking to take on more projects and need capital to do so. I take these houses very serious and over see the project from start to finish. My name is Kyle Harris I would like more information please call me @ 951-219-9392
Hi Dawn,
I’m new to your blog. Would like to further discuss your private money lender for Southern Cal deals. My primary focus is commercial deals. Contact me on 240.417.5187.
Regards,
Erik