A first trust deed was funded this week on a Yorba Linda property. The investor received 12% interest on a first trust deed, and of course it was a non owner occupied loan. The loan was funded and there was a guaranteed 4 months collected interest. Palm Desert Capital’s extensive due diligence has been paying off, we have not had to “take back ” a property yet.
Because we are not a huge high volume operation, we don’t need to do loans to keep the lights on. This is often overlooked by investors.
We are here; 760-469-4650
Palm Desert Capital, funded another private money loan where the seller was able to make huge profits. The dilapidated three unit was an eye sore for many years and bank financing could not be done. Palm Desert Capital funded a hard money loan; no questions just based on equity. Making the improvements the investor was able to renovate the building and sell it for a 100k profit.
If you need money or advice on buying and selling real estate, contact Palm Desert Capital.
A Palm Springs investor needed funding quickly on their Bermuda Dunes condo in Bermuda Dunes Country Club. After having financing together and loan documents executed, the “private money” lender supposedly with their own funds, could not perform, this happened not once but twice to this real estate savvy person. Well the next call, which should be the first and only call was to Palm Desert Capital, the trust deed and private money experts.
The loan started on a Monday and funds were disbursed on a Friday; not to mention thare was a $4,000 savings in fees on a $80,000 loan.
With investors interested in Palm Desert Capital’s trust deed investing business model; PDC finds itself with an increase in capital. Investors receive a 10% return secured to real estate with an equity position of 35%. There has been $925,000 investment dollars lent out in March.
A trust deed investment opportunity for $600,000 in San Clemente, California is currently being put together. The first trust deed investment is being offered with the rate of 9.5%. The loan will have be at 70% loan to value; 30% equity.
If you need a loan or would like to invest contact the Palm Desert Capital.
The need for private funding has shifted over the years. Private money lenders, once very hard to locate, have popped up everywhere. The “hard money” lender have tripled since 2010, according to the California Department of Real Estate. The “Fix and Flip” loan, seen on popular television programs, demonstrates how real estate investors can get capital easily through private sources, rather than the traditional bank loans has fueled this market.
Also, the returns from traditional markets have been beaten down leaving an alternative, the much higher and safer returns of Trust Deed investing.
More individuals with capital are being educated on Trust Deed investing, more capital is flowing reducing the returns. It was common to receive twelve (12) percent return on a Trust Deed investment, today anything above double digits is unheard of.
Palm Desert Capital has continued to be stealth like in the real estate market, getting out of real estate investments in the Coachella Valley, knowing that that Canadian buyers, or lack of them, would have a negative effect on property values. There are still good first trust deed loans out there.
If you need a loan or would like to invest in Trust Deeds, we are here to help.