any brokers find private money loans can be a substantial source of new revenues in addition to conventional lending institutions. Hard money is an excellent vehicle for your borrowers who are purchasing investment properties or who have unique situations that banks find unacceptable. You can be fully involved in the process or take a more hands off approach. Whichever way you choose to handle your customers is up to you.
Brokers participate in over 75% of our loans and are paid through escrow at the close of the loan. The majority of our brokers do multiple loans with us and in many cases with the same borrowers. La Costa Loans is a direct lender and we are able to make decisions and fund quickly saving our brokers valuable time.