Brokers

Many brokers find private money loans can be a substantial source of new revenues other than conventional lending institutions. We are 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. Over 75% of our loans begin with the help of brokers who are paid at the close through escrow with the majority of our brokers doing multiple loans with us and in many cases with the same borrowers. La Costa Loans is a direct lender which allows us to make decisions and fund quickly.

COMMISSIONS

PAID AT CLOSE OF ESCROW
COMMISSIONS NEGOTIATED BETWEEN YOU AND YOUR BORROWER
COMMISSIONS PAID TO LICENSED NMLS SALES PEOPLE AND BROKERS

GETTING STARTED

It can be as simple as providing an address with the purchase price & rehab costs or you could forward an entire package. We will generate an LOI with your fee’s and our terms and conditions for review. Once the borrower signs the LOI we move into action and typically fund 14 days from the receipt of all requested information or sooner.

TO CLOSE THE LOAN WE WILL NEED THE FOLLOWING.

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