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Richard called us in a panic. The lender he was using ran out of money while he was over half way through with the construction. He was stuck, he had bad credit, so no other lender would help him. He needed a hard money loan, a construction completion loan.

We quickly reviewed his situation, he couldn't go full doc because he was a self employed contractor. His credit scores was 564. Fortunately he did have equity in the project. It was a spec house on 40 acres in Northern California, unfortunately it was rural. He tried many lenders but none would help him because, incomplete construction, stated income, 564 fico, bad credit, rural, etc...

We issued him a $300,000 new 1st mortgage this loan was a 12 month term. That fixed his problem real quick. Upon receiving the money, he started back on the project, and now he is marketing the house to sell. He is also looking for his next project and knows where to get his financing.

He had a Greenpoint loan when he purchased the property. Greenpoint required him to finish some rehab on the property and held $70,000 of his money until repairs were completed. Unfortunately Greenpoint went under and wouldn't release the $70k back to him. His attorney gave him poor advice and said don't pay any mortgage payments until Greenpoint refunds the $70k. Greenpoint then folded, and the loan was sold to a private investor who demanded that the loan be paid off.

Although Raj's credit was good except this loan, no other lender would refinance his loan to to the default on the subject property loan. We quickly reviewed the file and realized that there was 40% protective equity and 50% equity in another comercial building that Raj would allow us to blanket with a cross collateral loan.

It only took our investor a few days to review the file and commit to funding. Our private investors have the ability to fund in days, provided all file items are available. Quick fundings and happy clients. "Win Win" Win for investor and Win for borrower.

He had some taxes that needed to be paid off before they racked up more penalties. He also wanted to consolidated debts that accumulated while he was hospitalized. Unfortunately no lender wanted to lend to him because he needed a stated income loan [he was self employed]. His bank statements reflected cash flow but his tax returns showed low after tax income, not sufficient for him to qualify for a loan with a bank or conventional lending institution. Also, His credit scores were low, in the 530's.

Fortunately his rental property in Queens, NY had plenty of equity. The value was $400,000 and all he wanted was a $120,000 loan to payoff a small existing mortgage, pay taxes and consolidate debts.

Our private investor realized the good protective equity and we moved quickly to funding. The client was very happy, and our investor was pleased with a good mortgage investment. After a little credit repair from CreditCleaners.Net he will be able to refinance into a lower rate loan.

She was referred to us by a client, she had been declined by many lenders and she was loosing hope. Many lenders had said they could but ultimately couldn't. She kept on asking, "Can you really give me a loan?" and I would continually respond, "based on what you have described to me, yes it looks like we can."

We immediately gathered her information by phone and she faxed us some loan file documents. She had several properties which was good, but her tax returns she said don't really show the income that she is capable of earning. So we opted for our stated income/stated asset loan program [bank statements]. Her credit had some issues, due to the tax liens that needed to be paid off, but that was ok, she had good equity with a property value of $400,000 and total loan to value of only 46%.

So we quickly contacted a private mortgage investor that funded her the $85k loan 2nd mortgage behind her existing $100,000 1st mortgage. She was able to take care of her tax liens and had money extra to make some improvements to some of her properties. After we funded and wired the funds to her bank account, she said repeatedly "You saved me, You saved me". She didn't think anyone could help her, but we did. She is a very happy client now and our investor has a good mortgage investment. After a little credit repair from CreditCleaners.Net she will be able to refinance into a lower rate loan.