Yes, 10% LTV, 90% equity position. A Real Estate Broker from Orange County had a client that needed to pull some funds out of their investment property while the property was being listed. A private money loan was funded in 5 days; the agent looked like a hero, the seller gets some cash now while the agent works their magic and a client for Palm Desert Capital receives a return of 10%, while having excellent security. (There was a four month minimum in interest collected).
PDC is here to help.
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.