Loan amount
$50K-$1.3M
Loan-to-value (LTV)
70%
Required credit score
None
Required deal experience
None
Rates
Varies per project
Fees
Varies per project
Address
1660 Hamilton Ave, Suite 100, San Jose, CA, 95125
About
In the 1950’s, Eugene Foley (Gene) recognized a need in his community. He saw that homeowners had created home equity, but had no way to take cash from that equity. Through his network, he found private investors willing to make loans to these homeowners. These loans were usually small, second mortgages behind fixed, 30 year bank loans. They were costlier than traditional bank loans and nicknamed “hard money loans”.
States
California