2nd Position Hard Money Loans San Diego

Fast and Flexible San Diego 2nd Position Hard Money Loans

We Fund 2nd Position Hard Money Loans in San Diego and California

After the real estate crash of 2007 many hard money lenders have never returned to lending in 2nd position. We can still will fund a loan behind your existing 1st loan.
We may also lend on an owner-occupied primary residence if the proceeds of the loan are used for a business purpose. We can help you with your second position hard money loans in San Diego.

Below are general guidelines regarding our 2nd position loans (also called subordinated loans):

• Up to 65% combined loan to value
• Stated income – we just need to understand how the loan will be repaid
• Close in 10 days or less
• The first loan must have a maturity of no less than 6 months after our loan matures.

Whether you are looking to fix and flip, purchase a rental property, or need a bridge loan, Louie Loans would love to hear from you.

• Responsive – gets back to you quickly
• Competitive rates – has good rates that are reasonable in the market place
• Professional – has a high level of skill and competence
• Diligent – conscientious and persistent in helping you get funding Hassle free – we streamline the process so it is as stress free as possible
• Customer service focused – personalized service, you are treated as a highly valued person and client
• Available – can be relied on and is quick to respond
• Fast – funding in 10 days or less

What is a 2nd Position Loan?

What is the difference between a 1st position loan and a 2nd position loan? A first position loan means it is the primary loan, and it takes precedence over all other liens against the property. A 2nd position loan, is superseded by the 1st position loan if the borrower defaults. This indicates there is an increased risk for a 2nd position loan.

Your Top Choice for 2nd Position Hard Money Loans San Diego

As a second mortgage lender, Louie Loans helps fund 2nd position hard money loans San Diego. Our expertise and process help us to close deals faster than the competition. The market in California is extremely competitive right and you can’t chance losing out on a deal because you are worked with the wrong lender.
Louie Loans has over 10 years of experience working with the most successful real estate investors throughout California. As a top San Diego 2nd position hard money loan lender, Louie Loans will quickly help you fund your real estate project.

Second Position Hard Money Loans San Diego – Call the Valued Hard Money Lenders Today

Louie Loans can help you get a competitive loan fast. We proudly serve both borrowers and investors in San Diego, Los Angeles, Orange County and all of California. For questions about 2nd position hard money loans, fix and flip, or bridge loans in San Diego or anywhere in California, please call us at 619-252-7588, or get a quick quote online.