Real Estate Financing in Los Angeles
The State of California is bursting with opportunity for investors and real estate owners. Yet, that opportunity often comes with increased competition, causing properties to sell very quickly after initially going on the market. This means that property owners wishing to capitalize on further properties need a reliable partner that can provide quick real estate financing in Los Angeles and beyond. Far too many companies miss out on a great opportunity by having a property slip out from under them as they waste time dealing with the lengthy underwriting and approval processes of banks.
Reliability and Speed
At First Financial Capital, we know that real estate financing in Los Angeles has to be not only reliable, but fast as well. Typically, our borrowers receive their money within two weeks of being approved. Depending on the appraised value of the property, and whether or not the property is within the State of California, borrowers can be approved for loans from $1 to $25 million.
Another aspect of our loans that makes them highly sought after for real estate financing in Los Angeles is the fact that we are able to provide loans with very high Loan-To-Value (LTV) ratios. The LTV ratio is determined by the percentage of the appraised property value that the loan covers. Because banks take efforts to minimize their own risk, bank loans often carry very low LTV ratios. This means that the borrower has to find a way to come up with a large chunk of the property cost themselves to make up for the low LTV ratio of the loan.
First Financial Capital, on the other hand, is able to offer borrowers an LTV ratio of up to 80 percent. We believe real estate financing in Los Angeles should be reliable and easy, which means not having to scramble to secure the full amount needed to purchase a piece of property. Many borrowers will be hard-pressed to find a company that offers out of the box finance in Los Angeles with terms as favorable as those provided by First Financial Capital.
Your Bridge to Success
In addition to providing general real estate financing, we are also a trusted provider of much needed bridge financing in Los Angeles and beyond. Bridge financing is a crucial service for real estate owners who need to acquire a new piece of property before they have access to the capital that typically comes from investors or the sale of another property. If you would like to inquire about your eligibility for real estate financing in West Los Angeles, you can call First Financial Capital today at (310) 694-5060. (Broker license number: CA DRE 01523939).