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15 Corporate Plaza Drive #240 |
949-706-0500 voice 949-706-9406 fax |
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NO-QUALIFY REAL ESTATE EQUITY LOANS
We
have over $5 million dollars to place immediately in no
qualify hard money or swing loan
situations. We will loan between $100,000
to $3,000,000+ up to 50% of
appraised value, with reasonable no-qualify rates which vary depending upon the
deal. We fund with our own money
and don't need third party approval. We will pay a straight referral fee for
supplying the lead, and cooperate with mortgage brokers. In the case of
tract homes or some types of investment real estate, we can also save time by
doing the appraisal ourselves. We
will also loan on income property such as Apartments, Commercial, Industrial,
Office, Automotive Buildings and Restaurants, but we will not do any land loans.
Our strength is in
our ability to give quick answers, and the cash when required. Our ”YES” is not a maybe. We have funded over $3,000,000
over the past year and are looking to increase our volume substantially. TYPES OF LOANS MADE BY SOUTHLAND EQUITIES 1. Ground lease on a mobile home park in Anaheim. Loaned $145,000 against an owner's undivided 11% interest in the property. 2. Numerous small shopping centers or single tenant buildings or convenience stores throughout Southern California. Loaned 50% of the purchase price. 3. Homes in Orange County. Loaned 50% of their present value. 4. Office building in Tampa, Florida. Loaned $250,000 on a $450,000 all cash fast closing. (lender sale). Building is 30,000 sq. ft. and 90% empty. Buyer plans to rehab and lease. 5. 9 lot commercial subdivision in Austin, TX. Loaned $500,000 on a $1,000,000 purchase. This was an RTC sale which required fast closing. 6. Apartment building in New Jersey. Loaned $750,000 on an all cash 30 day closing. Loan was roughly 60% of the price that buyer was paying, but buyer was stealing the building. 7. Condominiums in Manhattan, New York. Loaned $1,100,000 on $1,800,000 purchase. Buyer purchased 19 condominium units on a bulk sale from a lender. All units were already rented. Buyer plans to continue rentals and sell them off slowly. The purchase was under market value from a lender. 8. Condominiums in Westchester, New York. $1,650,000 loan on $2;400,000 bulk purchase of 39 townhomes in a 200 unit project from a lender. Townhomes were basically completed, but each unit needed about $10,000 in work. Buyer escrowed about $700,000 to finish the project and do the marketing. 9. Tire Store Building in Phoenix. Loaned $350,000 (60%) of purchase price to a trade buyer who did not have the time to put his institutional financing in place prior to closing. We are looking to make loans that make sense! We're looking for very good security, and we're fast, friendly, and efficient. We'll give you a very fast answer.
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