Thank you for visiting Lantzman Lending, your go-to difficult cash loan providers for California & Nevada! Real-estate investors require a seasoned partner for fast and capital that is reliable. Lantzman Lending prides itself in having the ability to offer funding to a variety that is wide of property investors by creatively tailoring loan programs to your preferences. As an immediate lender, we possess the freedom to support many situations because of the intent of ensuring the prosperity of the debtor. Personal loan rates beginning at 8% so that as little as 3 turn around time day. Whenever time is associated with essence to lock straight down a deal, provide us with a call and we’ll have to operate on your own loan.
Why Lantzman Lending?
Marc Lantzman may be the CEO of Lantzman Lending. He’s been earnestly engaged in real-estate purchases, personal home loan financing and property development since 1980. Marc has continued to develop tasks in Ca, Nevada, Washington, Oregon and Arizona, including apartment buildings, malls, engine house areas, in-fill housing tasks and solitary domestic sub- divisions. He went to Kent State University, majoring in company and training.
Justin Lantzman is President of Lantzman Lending. He’s been involved with owning a home and administration since 2001 and has now been an authorized real-estate broker with all the Ca Department of real-estate since January 2006. Justin has specialized experience in home loan investment administration and investor relations, loan underwriting and processing, home valuation, loan document planning, and compliance. He went to the University of Colorado at Boulder ahead of moving to your University of California at north park, where he received his B.A.
Joel Armstrong Vice President of Lantzman Lending. He’s got been involved with real-estate finance, brokerage, development and investment since 2001. He received their B.A. In company Adminstration through the University of north park. He’s got a firm knowledge of the personal finance arena, a solid system of borrowers and an ethical way of the financing industry. Along with Ca, Joel can also be certified as a home loan Agent into the continuing State of Nevada. NMLS ID 383660
I have already been when you look at the Fix and Flip business now for fifteen years. Lantzman Lending happens to be undoubtedly the lender that is best to work well with. They constantly are available and do just as they vow
Robert L. – Investor
We utilized Lantzman Lending for a construction loan year that is last. The approval that is quick and timely releases of construction draws kept my task on routine. Many Thanks Lantzman Lending!
Fabio R. – Homebuilder
They are an investors dream come true. I completed a credit card applicatoin, received a quote within a day and the rest was handled by them. The process that is whole fast and efficient. We shall positively make use of them once more!
Michael B. – Developer
I have already been working together with Lantzman Lending for many years now! You’re feeling like the main united group whenever using this provider. You realize everyone else you’re working together with and additionally they constantly make one feel appreciated and comfortable as being a Borrower.
Alex H. – Investor
A Broker that is very friendly with competitive rates and unparalleled Integrity. This business will be the very best!
Dennis S. – Loan Officer
We refer all my Investors to Lantzman. They generate my task as a realtor a lot easier knowing that the cash will be there at always closing. Many thanks!
Melissa R. – Realtor
No. Personal investors / difficult cash loan providers just want a return that is good their investment however they will protect by themselves from losing the investment by using the equity into the home. This is certainly a typical myth, private investors / difficult cash loan providers simply want the payments made on time if the debtor is having trouble they will guarantee that it’ll never be a term problem that is long.
Yes, we have been a direct loan provider, which just implies that the income we fund our loans with is our personal and is easily obtainable. Some lenders need certainly to raise cash to invest in their loans or need to venture out and locate a lender that is direct fund their loans simply because they don’t have the funds to invest in the loans by themselves.
This really is reliant from investor to investor but typically you can expect to just need to offer minimal paperwork to have the loan. Almost all our borrowers are merely needed to fill our one page application out and offer a recent credit file.
Yes we do! It’s most useful to submit that loan application that you have a pre-approval letter in hand before you go to the auction to make sure your thought process for determining property value is in line with Lantzman Lending’s and. Deals such as for instance REDC, Auction.com, and Williams & Williams shouldn’t be mistaken for the trustee purchase. Every auction business is only a little different, and you may have to uncover what each auction that is individual calls for. Demands and procedures, including deposits, dealing with Brokers/Realtors, and percentage at closing, can transform from auction to auction as well as in the company that is same. Constantly browse the site or auction catalog before going to. Many deals will demand a deposit in the shape of a cashier’s check ($2,500-$5,000) to bid. If you should be the winning bidder, you will end up necessary to set up cash as much as 5% associated with cost. Once more, this may differ per auction and can differ with respect to the true amount of properties you get. You’ll be accountable for the deposit to bid at auction and also the deposit at the auction. Once you’ve bought, typically you shall have thirty days to shut the deal. Lantzman Lending is able to do considerably faster than needed in this situation.
Lantzman Lending does investment trustee purchase acquisitions by means of refinance. Lantzman Lending will not give investors cash to get during the trustee purchase. Rather, once an investor may be the bidder that is winning a home during the trustee purchase, the investor should submit a loan application straight away. This permits us to start escrow then when the trustee’s deed is acquired by the investor, financing takes place within several company times.
Click on apply and fill in the mandatory information. You shall get an answer within twenty four hours from submittal or call us straight to talk about your situation.
Our average closing is 5 to 7 business times. Nonetheless, we can close in as little as 3 days if we have all the documentation. Each deal is managed on instance by situation situation. If you have a unique requirement, we possibly may have the ability to accommodate you.
When you yourself have a credit that is low, Lantzman Lending may nevertheless fund your loan. Our primary money requirements will be based upon the equity within the real-estate.
Similar to credit rating problems, your property foreclosure record alone will maybe not determine the job approval. The top explanation folks are rejected is not enough equity within the property.
Difficult cash (also referred to as a rehab loan or connection loan) could be the term useful for loans funded by personal events who desire a safe and high return. Lantzman Lending is home financing loan originator whom arranges loans for personal investors. We work directly with home purchasing investors whom utilize these funds to acquire properties aided by the intent to repair and offer them for a revenue or stabilize and refinance with old-fashioned funding. Property investors utilize hard cash when they’re struggling to or would not have time and energy to get funding from more traditional sources. There are numerous forms of hard cash loans. Lantzman Lending focuses primarily on very first trust deeds to investors who buy domestic and property that is commercial.
We shall mainly review the security towards the loan. The strength of the offer may be the determining that is main in the mortgage underwriting. But, we additionally review your capability to settle, credit-to-debt ratio, money reserves, along with your experience level.
We offer hard cash loans in Ca, Texas and Nevada. Loans made or arranged outside of California must certanly be represented by a Mortgage Broker qualified to complete company in that State online payday loans New Mexico.
Lantzman Lending may move a number of the fix and loan expenses to the loan in the event that LTV stays under 65%. It’s our objective to create both the private loan provider and debtor effective atlanta divorce attorneys deal. Our standing of accomplishing this objective has permitted to constantly develop, even yet in tough areas.