Private Money Specialists

Thanks a bunch, Charlene! It’s great to know I could help your buyers without any hiccups. Time is crucial, and I'm glad we could save both for you and your clients.

Have questions about hard money loans? Our FAQ session is here to clear up any doubts. If your question isn't covered, don't hesitate to DM us for more information. 🙋‍♂️

Transform your next property flip with our hard money loans—fast, flexible, and designed to help you succeed. Ready to accelerate your flipping projects? DM us for details. 🚀

We are hosting an open house today from 1 to 4 pm today.

The property is located on 19711 Blythe St, Winnetka, CA 91306

Feel free to reach out if you have any questions about the property or need help getting pre qualified.

The sales price is $970k.

Ever find yourself daydreaming about transforming a timeworn house into a stunning home, and flipping it for profit? It’s not just a reverie, it can be your reality. Our Fix and Flip Loans are crafted to turn your renovation visions into victorious ventures. 🏚️➡️🏠

Here’s the rundown:

1️⃣ Quick Funding: When a promising property pops up, speed is of the essence. Our swift loan approvals mean you can snag that fixer-upper before the next flipper.

2️⃣ Competitive Rates: We offer rates that respect your ROI, keeping the financial frets at bay while you focus on the flip.

3️⃣ Flexible Terms: Every flip is unique, and our loan terms flex to fit your project timeline.

4️⃣ No Prepayment Penalties: Finish the flip and ready to repay? We’re all for it—no penalties, no fuss.

Ready to jump into the flipping scene? Discover how our Fix and Flip Loans can fuel your renovation ventures. Tap in, flip out! 🔨💰

Feels like a never-ending episode of 'Lenders Say the Darndest Things', doesn't it? Well, fret not! At Private Money Specialists, I’ve got a different script.

Spoiler Alert: It ends with a 'Loan Approved' sign! 🎬💰

Curious about the winds of change in California's housing market?

Swipe through our latest carousel to catch the wave of market transitions, price trends, entry hurdles for first-time buyers, the 2023 market outlook, and the ripple effect of the remote work era on housing demand. Every slide carries a fragment of the bigger picture.

Swipe, absorb, and follow us for a regular dose of real estate reality, served straight up. 🏠🔄

Facing a foreclosure is like standing at a cliff’s edge, but it's not the end of the road. There’s a sturdy bridge called Foreclosure Bailout Loans. They are the financial foothold that can pull you back from the precipice. Now, you might be wondering:

1️⃣ Can a bailout loan really stop a foreclosure dead in its tracks? You bet. It’s designed to do just that.

2️⃣ Bad credit got me here. Is it going to be a problem? We look beyond just credit scores to find a solution.

3️⃣ Time is of the essence. How fast can we move? We’re all about that need for speed. Swift approvals are our game.

4️⃣ And the repayment? Crafted to fit your situation, making it a less rocky road ahead.

Ready to step back from the edge and walk towards financial stability? Let’s talk solutions and cross this chasm together.

In the real estate game, time waits for no one. That's why we've fine-tuned our loan approval and closing process to be as speedy as your morning espresso.

Who says financing has to be slow and tedious? Ready to fast-track your property ventures? Let's cut through the red tape together and make those real estate dreams come alive, pronto! 🏠

Whether you’re eyeing a commercial spot, flipping a vintage home, or expanding your real estate portfolio, having the right financial partner can make all the difference.

➡️ Swipe left to explore investor-friendly financing options tailored for every venture right here in our vibrant community. Your next real estate venture is a conversation away.

Let’s connect and make those financial queries a thing of the past. Ready to turn those real estate goals into reality? Slide into the DMs; I’m here to help!

📈 California’s real estate scene is seeing some hefty numbers. The typical mortgage payment has shot up 127% since the pandemic hit. That's right, more than double! Let's break it down:

Back in February 2020, just before COVID-19 made its mark, the rate was sitting at a comfortable 3.47%. A house payment on that month’s median price of $579,770 was a manageable $2,075.

Fast forward to today, and it's a different ball game. The typical buyer is now staring at a $4,717 payment on the median-priced $843,340 home, thanks to this week’s average rate of 7.63% for a 30-year loan.

And, it's not just a statewide trend. In Los Angeles County alone, we’re seeing a 146% payment hike since February 2020 – translating to $5,116 on the September price of $914,640 compared to $2,078 on the pre-pandemic median price of $580,690.

The essence? Mortgage rates near quarter-century highs have shifted the ground under California’s housing market. It’s a tough scene for many, but with the right financial ally, navigating through these waves becomes a surmountable challenge.

Interested in exploring your financing options amidst these market dynamics? You know where to find us. 👊

Source: https://vist.ly/h68e

You know that feeling when you spot a property that’s just right for your plans, but the traditional financing route is playing hard to get?

That’s where a bridge loan can be a game changer. It’s your financial pit stop that helps you snag that property while setting the stage for long-term financing. No more watching golden opportunities pass by as paperwork drags on.

And the best part? It’s tailored to our fast-paced California real estate scene. Whether you're looking to flip a charming old house or secure a spot in a buzzing commercial area, a bridge loan could be the ticket to holding onto that dream property.

Got questions or just want to chat about the ins and outs of bridge loans? Drop a message, let’s make your real estate journey a smooth ride! 🏠✨

Imagine if Money and Mortgages bumped into each other at a local cafe...

Money: “Hey Mortgage, people seem to think you’re all about the stress.”

Mortgage: “Oh, they should know we’re also about opening new doors...literally!”

Money: “And I make it all happen!”

Mortgage: “Well, together we turn dreams into addresses!”

Whether it's about setting down roots or making smart moves in the property market, a little humor goes a long way.

​​Ready for a chuckle as you navigate the path to home ownership? Let’s keep the mood light and the mortgage talks insightful! 🏠

What is the "Anything Goes" 2nd Mortgage?

Simply put, the "Anything Goes 2nd" a second mortgage designed for both commercial and residential properties. Unlike traditional equity lines or second mortgages, the Dirty Second is tailored for individuals who find it challenging to qualify due to various circumstances. Here's how it can benefit

🏃‍♂️Fast Closure: Secure your loan and close in under 10 days.

🚫No Income Verification: We understand that proof of income can sometimes be a hurdle – not with the Dirty Second.

👍Credit Flexibility: A less-than-perfect credit score? Late mortgage payments in the past? We consider the bigger picture and offer solutions.

📌Business-Purpose Loan: Whether you're starting a new venture or boosting an existing one, this loan allows you to harness the equity in your home for business growth

Find out more in the link below

you:https://vist.ly/emkx

🏠💰 Attention Real Estate Investors! We've just published a new blog post that breaks down the Ins & Outs of DSCR loans for rental property financing.
Whether you're a newbie or a seasoned investor, our in-depth guide will help you understand how to calculate DSCR, optimize your loan application, and grow your investment success. Don't miss out on this opportunity to level up your real estate game! Check it out now: 🚀🌟

Ultimate DSCR Loans Guide: Mastering Rental Property Financing for Real Estate Investors Discover the ins and outs of DSCR loans for rental property financing in our in-depth guide. Learn how to calculate DSCR, optimize your loan application, and grow your real estate investment success.

Well, as loan qualification guidelines change it seems the customer base changes a bit.

Here is a 2022 snapshot of who is utilizing Private/Hard Money loans for real estate.

➡️Freelancers / Independent contractors with irregular income
➡️Borrowers with gaps in their employment history
➡️College graduates with high incomes, but little work experience
➡️Real estate investors and fix-and-flippers who need a bridge loan to secure new properties quickly
➡️Customers with limited to no credit

If we can be of any help please feel free to reach out to us.

Business Purpose Loans:

These loans are for Business owners that want to pull cash out of their current residence or investment property for use in their business.

No income or bank statement documentation is needed.

Credit Score - Flexible

This is a great option for business owners who have not had any luck with Equity Credit Lines or SBA.

If you would like more information please feel free to reach out to us below.

For some reason, self-employed borrowers seem to have the hardest time getting loan options for purchasing or refinancing.

Your tax strategy and the bank guidelines don't align.

Options that could potentially help...
- Bank Statement Loan: A loan that qualifies you based off of actual income before expenses.
- Stated Income Loans: Just like it sounds...if you have the credit & down payment.
- Business Ownership Docs Only: Submit your business license & filings only.

More options are popping up as the market evolves, we will keep you updated.

For more information please feel free to reach out to us below.

A "net inbound" is a measure of how many more home buyers looked to move INTO a metro area than leave.

These are great little pockets to be a part of as your real estate portfolio grows.

datasource: crmls, redfin

A "net outbound" is a measure of how many more homebuyers looked to leave a metro area than move in.

This is interesting to say the least.

source: Redfin

I know this page has a small audience. But, to whoever reads this... we hope you have a great Thanksgiving and some laughs with family & friends.🦃🥧🍻

Banks are hard on business owners and self-employed applicants when it comes to getting a loan.

We have had the opportunity to help business owners of all levels get access to a cash-out refinance loan.

This loan has helped them:

☑ Get more inventory for their business
☑ Start a business
☑ Acquire real estate
☑ Purchase equipment
☑ Pay down balances or debt

👉The rates for this interest-only loan start at 10.49% and allows a loan term of 3-36 months.

Qualification Info:

☑ No Tax Returns Needed
☑ Bad Credit, Mortgage Lates, Etc. OK!
☑ Loan available for Residential & Commercial Properties

📝How to apply or find out more:

☎️ Message us below or you can call us at (818) 722-1147

Regulation Info:
Private Money Specialists NMLS ID: 1716151. Equal Housing Lender. CalBRE 02059398

It's not enough of a drop, but it's a start.

This article does a great job of tying in the current rates with the recession topic.

Mortgage Rates Fall as Recession Fears Mount U.S. mortgage rates fell for the second consecutive week after a rapid rise in June, latest data from Freddie Mac shows.

Look for more mortgage options like this to be popping up in the next couple of months.
This is a great loan option for self employed borrowers or gig workers who can't qualify with their tax returns, but can show income using income that would reflect on bank statements.

Are the rates pretty...No...not really. But with the market going the way it is these rates are likely to adjust as well.

Feel free to reach out to us with any questions you may have,.

Truly Humbled

Words cannot express the gratitude we have for those who have fallen to protect and serve this country and keep this the Land Of The Free and Home Of The Brave.

As we enjoy life...hate life...love the flag...hate the flag. Remember, that someone believed in it enough to lay down their life...so yours goes on.

It is humbling.

🇺🇸

Is an adjustable-rate mortgage risky? Well, yes and no.

Pros:
☑️ Increase Buying Power - Lower rate = Less Payment
☑️ Rate and Payment Caps - Each arm has a cap it can move and how often
☑️ Your Payment Could Decrease - Your rate could decrease if the index of the arm is based on drops in value.

Cons:
☑️ Your Payments Could Increase - If you don't refinance the loan before the start rate expires, you could see an increase in the interest rate and payment
☑️ Prepayment Penalty- Some loans will have a minimum amount of time you have to have the loan before you can refinance or sell.

Conclusion: This could be a great solution for buyers or homeowners who are seeking a refinance. The low start rate often has 3, 5, 7, or 10-year start rate periods. This might just buy you some time to get in the house and get things in place for a lower interest rate refinance in the future.