Property Refinance in Santa Clara, California
I work with many loan Brokers and Realtors. One of my Brokers called with a transaction he needed to get done for a borrower on a rental property refinance. The clients needed a $770,000 first mortgage at 10% interest only for 2 years – and it was needed quickly as they had to close escrow on a new purchase of a multifamily property.
This Broker is a true professional. He had already spoken with the clients and had all of the documentation he knew was required for loan approval, which he then forwarded to me.
Within 19 days all transactions were completed – the refinance and the new multifamily purchase! A very happy home owner indeed.
To be successful, Hard Money loans must be have speed and flexibility. In this type of market, with multiple offers, borrowers can benefit from hard money as it fulfills a very real need in real estate buying these days.
Our Santa Clara location’s website can be found here: http://www.santaclarahardmoneylenders.com/