Welcome
ExpressLoan is a Private Money lender. Private Money lending is often referred to as Hard Money Lending. Hard Money seems by many to have a negative connotation. This should not be the case. Hard Money simply refers to the Hard Asset that secures the loan. You may also refer to us as an equity-based lender. ExpressLoan makes all lending decisions, we do not rely on other brokers or lending institutions. As such, we can make most lending decisions the same day. We will do everything within our power to make your loan request work for you.
Our rates vary depending on the type of property, term of the loan and the general situation. However, if you are looking for the cheapest or lowest interest rates you have come to the wrong place. We are however, very effective when other sources cannot or will not fund your transaction. The average funding time from application is 7 to 10 business days.
Our loans are based mainly on the equity in the property. Credit and income, while considered, are not the major factors, we will look at all credit grades and income types. We make or arrange loans from $30,000 to $500,000. We also work with licensed lenders and real estate brokers to help fund your clients' needs.
For more information use the following links:
Tailoring Financing for Your Needs
Call us; we will make every effort to help you with your real estate transaction. If it we cannot make it succeed as requested, we look for alternate ways to structure your transaction. We do this by looking at your entire financial picture and evaluating the best approach.
Our Private Money loans can be completed very quickly, much less documentation is required than traditional lenders. Look to our loans to solve your immediate needs now, even if you've been turned down elsewhere. Most of our loans are short term, usually 12 months and on a case by case basis we have lent for up to 5 years.
Private Money loan rates usually run between 11.50% and 14.00% (the average rates are around 12.50%) and are always written as monthly interest only payments. The points and fees you pay also vary and will include other normal closing costs such as title and escrow fees. If you are in need of cash and need it now, call ExpressLoan at (800) 635-6222 or e-mail us for more information at brent@expressloan.com
General Guidelines
- Borrow up to 65% of the value of your property depending on the situation.
- 1 st Trust Deed, 2 nd Trust Deeds will be considered on a case by case basis only
- No Income Qualifying!
- No Credit Scoring! (We look at all credit grades)
- We specialize in loans from $30,000 to $500,000 (and up, if needed)
- Funding usually within 7 business days
- Same Day loan approval with full loan application in most cases
- Terms from 6 months to 5 years
Contact ExpressLoan
- Phone: 760-634-4545 or (toll-free) 800-635-6222
- Fax: 760-274-6797
- E-mail: brent@expressloan.com
- Mail: 1463 Paseo De Las Flores, Encinitas, CA 92024
- Online Contact Form