The Loans that Returning Borrowers Count On
At First Financial Capital, many of the loans we give out are to borrowers who have had such a positive lending experience from us in the past, that they always come back whenever they need funding for a new property acquisition. Many of these borrowers come back to us for commercial real estate financing in Los Angeles because they rely on our underwriting process to approve worthwhile candidates. Others are drawn to our attractive loan terms that allow borrowers flexibility in paying back the loan. Some of these terms include:
- No Prepayment Penalties – While some banks will charge borrowers a penalty if they choose to pay the loan back earlier than the agreed upon date, First Financial Capital allows borrowers to pay back the loan as soon as they are able. Not only does this allow borrowers seeking out of the box finance in Los Angeles to save on future interest payments, it also allows individuals managing multiple properties to reduce their number of mortgages and simplify their books.
- High LTV – In the past, First Financial Capital has approved loans with a loan-to-value ratio of up to 80 percent, allowing borrowers to acquire a property without the need for too much of their own capital.
- Interest Only Option For First Year – Especially when borrowers need bridge loans in Los Angeles, they may be facing a lack of liquid capital in the short term. By allowing these borrowers to pay only the interest during the first year of the loan, First Financial Capital allows real estate owners the flexibility they need to shift the payments closer to their schedule. (Broker license number: CA DRE 01523939)