PRIVATE MONEY LOANS
BaySierra Financial, Inc. (BSF) offers privately funded real estate purchase money and equity loans all over Northern California. BSF has made loans on timber land, gas stations, churches, fishing lodges, B & B's, subdivision land, as well as the more tradition apartments, commercial / industrial, retail properties and non-owner occupied residential properties.
>> More (Recent Loan Summaries)
Private purchase money and equity loans typically range from 1 to 5 years in duration; are paid interest only monthly, have no prepayment penalty, although a minimum interest is due on each loan and the loans have more flexible underwriting terms.
>> More (Private Money Rates and Fees)
When traditional lenders cannot provide financing for whatever reason, such as credit issues, verifiable income or special purpose real estate, private loans can step in and save the day. It is more expensive than a bank but many times cheaper than a partner. Private equity loans try to balance the risk vs. reward in pricing the loan.
Equity is the key to making private loans, as the higher the perceived risk the lower the loan to value ratio. We will look at cross-collateral; collateralize guarantees or other loan enhancements to secure the loan.