Borrowers

The business of securing and rehabbing properties is tough enough without an overly complicated lending process.  La Costa Loans simplifies the lending process by concentrating on what is actually needed from our borrowers and because we are a direct lender La Costa Loans can make decisions and fund quickly.  We understand that for you to be successful you must close purchases fast and efficiently.  All that is needed to start the loan process is the subject property address and a few facts allowing us to complete a preliminary analysis of the project to determine the funds required to make the loan equitable for everyone.  Once it is determined the loan is equitable a Letter of Intent will be sent outlining the terms and conditions, costs and any additional information required.  Once the signed Letter of Intent is returned with the requested information a property visit will be scheduled with a typical funding timeframe of 14 days after receiving all requested information.        

ITEMS REQUIRED FROM THE BORROWER TO CLOSE LOAN

• SIGNED LOI                                                           
• PURCHASE CONTRACT                                   
• REHAB LIST                                                     
• PRELIMINARY TITLE                                           
• NON OWNER OCCUPIED FORM                         
• 1003 LOAN APP       
• SITE VISIT   
• EXIT STRATEGY
• CREDIT REPORT      
• PROOF OF INSURANCE    

HIGHLIGHTS

• 14 DAYS TO FUND OR SOONER
• LTV IS 65% OF THE ARV  
• OVER 70% OF OUR LOANS ARE WITH REPEAT CUSTOMERS
• NO PREPAYMENT PENALTIES
• FUND CONTROL REHAB
  
  We are pragmatic, fast and know what is needed to help you secure properties.  If you do one loan with us the chances are you will do many more.  We strive to make the financing process efficient and effective.  We want to help you succeed so you will come back and use us again and again.   Give us a call or fill in our Contact Sheet to discuss your opportunity.