Real Estate lending involves a loan to a borrower who executes a Promissory Note and Deed of Trust (known as a Trust Deed). The Deed of Trust encumbers the borrower’s real property. The promissory note is the borrower’s promise to repay the loan. Our firm offers short-term real estate loans through First Legal Realty, Inc., that provides owners access to cash using the value of their real estate for cash needs for business purposes, for cash needs during probate or as part of a divorce.

There are many benefits to short-term real estate loans that are not available to a borrowers or investors in a formal real estate equity loan or traditional mortgage.

First Legal Realty, Inc., a wholly owned California Corporation Real Estate Broker arranges private loans between individuals and/or small businesses.

Such Loans (Hard Money Loans) are sometimes funded with broker controlled funds and sometimes are funded from private third party sources.

Benefits for Investors

• Monthly income from the interest payment
• Minimal management -- First Legal Realty, Inc., arranges the loan, collects and distributes the monthly payment.
• The investment is secured by real estate

Benefits for Borrowers

• Borrower gains access to money that would not be available through traditional sources
• These loans can be arranged quickly provided that an appraisal of the security is processed.
• Borrower can pledge security that would not be acceptable to recognized financial institutions. Examples of such security includes partial interests in real estate, real estate in probate, real property already encumbered by a loan or trust deed, and a promissory note secured by trust deed.
  
  

We can assist clients in obtaining cash for their immediate business or personal need using all types real estate as security, including

• Single Family Residence
• Income Property -- both residential and commercial
• Vacant Land
• Promissory Note

Loan Servicing

First Legal Realty, Inc services all loans for our office. This includes collection and disbursement of monthly payments as well as principal.

Loan Yield

Loan yields are dictated by the various aspects of the transaction including:

• Whether the loan is secured by a first trust deed or second trust deed
• The term of the loan
• The nature of the property security
• The nature of the borrower
• The condition of the money market

The current yield is 10-16%.

To learn more about these loan programs, please call us at (408) 293-0344 or contact us through this site.