Ontario, CA Hard Money Lenders
You might be wondering about the buzz surrounding Ontario, CA hard money lenders as of late. Well, word is that these lenders and the products and services that they provide are fast becoming the financial option of choice. And it’s no wonder that this San Bernardino County city is finding themselves inundated with this sort of business activity. Let’s start with the fact that the population, for its area, is sort of dense (for Los Angeles), with a population of just about 200,000. It’s home to the Ontario Motor Speedway, and is a very important city to this Southern California area.
Folks there know that if you want to finance a very particular sort of project, you don’t refinance your home the way folks used to do, and you don’t over extend yourself over a series of credit cards (that’s just way too expensive). Instead, you look up Ontario, CA hard money lenders. With these lenders, you work up a Ontario hard money solution that’s beneficial to both the borrower and the lender, in order to find a common ground. That’s the way of hard money lenders in Ontario: common ground.
And the reason why that is, is that these lenders are usually private individuals. They’re individuals with spare cash capital to spare, and in order to make more money than they would through the bank, they get into these deals. Though these deals aren’t that lucrative (you won’t find people getting wealthy overnight by doing these), you still find that private money lenders do them anyway.
August 1st, 2010 at 3:11 am
To Whom It May Concern;
My name is Richard L Blalock and I am beginning a career in flipping houses. I have recently been under the
mentorship of Armando Montelongo . Part of our school training is a bus tour in Ontario, California September 10 11 and 12.
During the 3 day event we will be able to purchase property Armando has pre set up for us. At the event Armando will provide
attorneys , real estate agents, contractors and investors. Every thing we need to get the job done will be provided. As you know
these persons being there will greatly speed up the flip process and help keep things in order. There will be several hundred
properties available to us. The average cost per property is $95000.00 to $110000.00. The average repair cost and fees total around
$40000.00. The ARV is between $200000.00 and $210000.00. The turn around on the property has been around 90 to 120 days.
I am looking to buy 3 properties while I am there. I need a down payment of $10000.00 for each property. I am planning to
monitor this project personally and will be able to give you by weekly updates as well as photo documentation as the work
progresses. I am confident that with the training I have received through Armandos program that I can proceed with this project
with the utmost of confidence. I hope this will be the beginning of a long lasting relationship with your firm as I plan on being very
successful at this and plan on using your firm on other projects to come. Please contact me as soon as possible.
Thank you for your time.
Richard L Blalock
October 18th, 2010 at 7:13 pm
I’m an investor in San Jose looking for bridge financing for short sales. I’m seeking 100% financing for 50 or so transactions. I would like to speak to someone to explain the idiosyncrasies of my process. I typically close 2-3 deals per month. Thanks.
March 26th, 2012 at 8:03 pm
Look for property’s in southern ca. Looking for motivated Invester that has wholesale deal or to JV. With.Also A HML with better rates.
Thanks,chris