Welcome to La Costa Loans
Based in San Diego, California, La Costa Loans is a private money lender that originates, underwrites, funds and services short-term real estate loans for our clients. La Costa Loans specializes in non owner occupied purchases, refinances, commercial, short sales and REO properties with the ability to close quickly.
La Costa Loans’ private money provides short term financings ranging from $50,000 to $1,500,000 when traditional capital sources are unavailable, too slow or too costly. These short-term bridge loans are used for both residential and income property for the purpose of acquisitions, flipping the collateral, seasoning the property for permanent financing, or providing cash-out. Additional collateral can be included to support the subject loan if necessary. These private money loan transactions are often less costly than equity partnerships, more flexible in underwriting the collateral and borrower than institutional debt, and quicker to close than institutional sources or private syndications.
La Costa Loans’ private money provides short term financings ranging from $50,000 to $1,500,000 when traditional capital sources are unavailable, too slow or too costly. These short-term bridge loans are used for both residential and income property for the purpose of acquisitions, flipping the collateral, seasoning the property for permanent financing, or providing cash-out. Additional collateral can be included to support the subject loan if necessary. These private money loan transactions are often less costly than equity partnerships, more flexible in underwriting the collateral and borrower than institutional debt, and quicker to close than institutional sources or private syndications.
TYPES OF LOANS
PURCHASES SHORT SALES REO’S CASH OUT REFINANCING
PROPERTIES WE LEND ON
SINGLE FAMILY HOMES APARTMENTS CONDOMINIUMS COMMERICIAL
LENDING CRITERIA
- LTV is 65% OF ARV
- NO PREPAYMENT PENALTIES
- FUND CONTROL
- 14 DAYS TO FUND
- ALL PROPERTIES VISITED
- INTEREST RATES FROM 12.5 TO 14%
- 12-24 MONTH TERMS
- FIRST TRUST DEEDS ONLY
- MINIMUM 15% CASH EQUITY
- 3-12 MONTHS OF INTEREST RESERVES
DRE License # 01703738
NMLS License # 356756