Private money lending refers to loans collateralized by real
estate, with the decision to make a loan based primarily upon
the protective equity in the property. To a lesser extent,
the borrower's credit history is also considered.
Private money loans are needed when a borrower and/or a property
fall outside the underwriting guidelines of conventional
sources such as banks, life insurance companies, and
conduits. The primary credit decision of those types of lenders
is based upon the borrower's credit and income. Therefore, a
loan may be a prudent transaction from a lending perspective,
but is classified as sub-prime,
thereby, needing private money.
MultiCorp solicits, processes and funds these types of private
money loans. After each request is processed, it is funded
either in-house
through a network of trusted private investors, and/or
pension fund investors.
Noted for speed and reliability, MultiCorp funds short,
intermediate, and long-term real estate loans for
Residential and Commercial properties:
Examples: Owner and Non-Owner homes,
Land, Improved land, Infrastructure, permanent
construction, commercial and industrial projects
, hotel,
assisted living, multifamily, shopping centers, office,
retail, industrial, self storage, casinos, golf courses,
churches, apartments,
special purpose properties,
other commercial
real estate related projects and
much more.
Maximum loan amount of $20
Million.
LTVs to 75% in selected areas of CA