Focus West Capital is a California based Private Money Lender. We specialize in Rehab Loans for single family and apartments throughout California. We also specialize in purchase or refinance of commercial, apartments, mixed use and land loans throughout California. Our ability to creatively evaluate each loan on a case by case basis sets us apart from most other lenders, and provides you with greater access to a large variety of financial opportunities.
QUALIFYING PROPERTIES/LOAN-TO-VALUE RATIOS
REHAB LOANS FOR SINGLE FAMILY AND APARTMENTS ( biz purpose only )
- Loans up to 90% of Project Cost ( purchase price + rehab cost = Project Cost )
- Rehab Money paid in advance to start and complete project ( HUGE ADVANTAGE ! )
- In most cases No Appraisal required.
- Fast answers and Fast funding ( we can close loans in 7-14 days ).
COMMERCIAL – 70% MAXIMUM
- Apartments
- Industrial Buildings and Warehouses
- Retail Strip Centers
- Auto Repair Shops
- Mobile Home Parks
- Mixed Use
- Office Buildings
- Self Storage
- Hotels – Motels
COMMERCIAL – 65% MAXIMUM
- Gas Stations
- Restaurants and Bars
- Residential Care Facilities
- Churches
- Car Washes
SINGLE FAMILY (1-4 Units) – REHAB (Business Purposes Only)
FLEXIBLE UNDERWRITING
- Purchase or Refinance
- Loan Amount: $50,000 to $2,000,000
- First Trust Deeds
- Terms: 6 Months to 3 Years
- Repayment: Interest Only, Partially Amortized or Fully Amortized
RATES AND FEES
- 7 to 14% to Borrower
- Servicing Fee: 1%
- Broker Points: Starts at 2.0
- Referral Fees: 2 Points Maximum
LOAN REQUIREMENTS
- Application
- Preliminary Title Reports
- Financial Documents
- Appraisal or BPO
- Credit Report
LAND – 60% MAXIMUM
- Residential Lots – Improved
LAND – 50% MAXIMUM
- Commercial Lots – Improved
- Developments – Improved
LAND – 25% MAXIMUM
- Unimproved Acreage
- Farm Land
Any additional information required will be on a case by case basis to complete the borrower – investor loan package.