Realtors, could be the most crucial element of the home buying and selling experience. They have agreed to act under and adhere to a strict Code of Ethics, which obligates them to be fair-minded to all parties involved in a process. Buying or selling a house can be stressful, and it is essential to have an experienced person to have a strong background in dealing with contracts, negotiations and closing the deal.
Our Realtors are always there for you, 100 percent of the time. We truly understand how it is important to find someone you can work and be comfortable with. Whether you are selling your current home, looking for your next home, or both, 1st Point Lending, Inc. will provide you with industry-leading expertise and professionalism.
We would love to help you with your Real Estate needs. Please contact us with questions or for more information. We are here for you.
We Listen Carefully To Your Needs. After all, it's a fund that handles not only the requirements of its borrowers and investors, but also deals with brokers and realtors, among many other professionals; ergo, it's important for 1st Point Lending Inc. to establish a strong communication line for all its customers and everyone involved in a given deal.
Regardless if you're the borrower or investor for private money loans, private financing, or private mortgage pool, we will make sure to optimize our services in accordance to your unique situation. Indeed, loans are best handled on a case-by-case basis, so please feel free to contact us directly for any questions to occur.
Aside from managing features and benefits like private money loans, hard money loans, private mortgage pool, private mortgage fund, private financing, safe investment secured by real estate, and ROI 8% for investors, the managers and crew of 1st Point Lending Inc. are also focused on the complete satisfaction of its clients, which includes investors and borrowers, with its well-established relationships with big lending institutions and its long experience in handling third-party negotiations with brokers of all types and realtors.
With that said, here are the most frequently asked questions we have when it comes to realtors, realty funding, and real estate.
Aside from the aforementioned fact that we can act quicker than the average bank to close a loan, we are also collateral-based lenders who focus mostly on our lien's equity position, so we scrutinize borrowers less heavily. Even if a borrower has bad credit or cannot document income, we'll still consider these loans because you're only lending a small part of a real estate's value.
As mentioned elsewhere in the site, 1st Point Lending Inc. will consider the following properties for funding as well as eligible security for a loan: apartments, special purpose property, non-owner occupied houses (single-family residential), school property, industrial property, commercial property (retail/office), and church property. We will consider land loans for infill locations and coastal locations (under a lower loan-to-value structure).
All of 1st Point Lending Inc. real estate investors have either a strength of equity or personal funds serving as their security and guarantee that the trust deed payment is prioritized. Furthermore, there's equity in the form of a brokered loan at 60% of the ARV or LTV, where the borrower’s personal cash flow or a rental cash flow that sufficiently pays the monthly mortgage.
Yes. Not only does 1st Point Lending Inc. require fire insurance on a given property; we also require the investor to tell the insurance company that the property is vacant. There should be coverage in the amount of the replacement guarantee or loan. 1st Point Lending Inc. will also require flood insurance when applicable.
We've already received an independent appraisal on the property before we present it as eligible for funding. A copy of the appraisal will be sent to the investor as well as the property address for the investor’s information. There's a lot of work required when it comes to qualifying a piece of real estate and borrower before the investment is proffered.
On average, we lend on Californian non-owner occupied homes that are vacant. We mainly concentrate on single family homes.