Refinance or Purchase- CA65
Business Only Loans: 500 Minimum Fico
Refinance or Purchase- CA65
Business Only Loans: 500 Minimum Fico
Item's needed for approval
Item's needed for approval
Debt Play is a platform that introduces investors to high quality real estate backed projects that may be of interest to invest in. These projects are sourced by Debt Play’s vast referral network of mortgage brokers, attorneys, investment bankers and real estate professionals. Each deal that is looking for capital is scrutinized by one of Debt Play’s underwriters and the deal must meet our lending criteria. Each deal must meet the following to even be considered:
Why Should I invest in Notes backed by Real Estate?
Track record of high stable returns! Investing in real estate notes/trust deeds is a very safe investment with great yield. Here are some facts:
What if I don’t know anything about real estate or real estate notes?
Debt play was created to help individuals make high quality decisions and our staff here to help you from start to finish. Each deal is underwritten by one of our underwriters to ensure the deal meets all of the criteria and in most cases our investors don’t do anything except wire their funds to escrow and sit back and collect a monthly check.
Is Investing in Real Estate Notes Risky?
Like all investments there is risk, however we believe real estate notes are one of the safest investments you can make and here’s why:
65% Loan to Value- Leverage is key and being at a safe loan to value helps mitigate against any loss potential. What this means is if someone is going to purchase they had to put a down payment of 35% that is a big investment on their part. The majority of individuals who put this much downpayment are seasoned investors and they don’t plan on losing it! And if they already own the property and they are looking to refinance it an are able to achieve a 65% or better loan to value that means they have been making timely payments and have invested not only in the down payment at purchase but all the payments they are making.
Asset- Real Estate is in insured asset, which means in the event of non payment the asset can be sold on the open market to payoff the current note held. In a down market it can also be rented so that the payments are made and your investment continues
12-36 Months- Most notes are written for a short time period 1-3 years then you will be placed into another asset. We believe our debt serves a need and isn’t meant to be held for a long period of time. It has been proven that this also helps mitigate risk potential.
Investment- Since we only lend on non owner occupied investment properties there is someone else besides our borrower who is financially responsible to pay rent which in turn pays the mortgage payment.
Who Can Invest?
Private individuals, corporations, pension plans, 401Ks, custodianships, LLCs, retirement funds, IRAs, Roth IRAs, Self-Directed IRAs, Charitable Remainder Trusts (CRTs), Foundations, endowments, family trusts, family members, and SEP accounts. Some retirement accounts have limits so please check with your custodian or agent. The Bureau of Real Estate simply requires that no single trust deed can be more than 10% of your (or an entity’s) net worth.
Who are Clients Are?
For more information please complete the form below and one of our staff members will get back to you shortly.
Debt Play is a platform that introduces investors to high quality real estate backed projects that may be of interest to invest in. These projects are sourced by Debt Play’s vast referral network of mortgage brokers, attorneys, investment bankers and real estate professionals. Each deal that is looking for capital is scrutinized by one of Debt Play’s underwriters and the deal must meet our lending criteria. Each deal must meet the following to even be considered:
Why Should I invest in Notes backed by Real Estate?
Track record of high stable returns! Investing in real estate notes/trust deeds is a very safe investment with great yield. Here are some facts:
What if I don’t know anything about real estate or real estate notes?
Debt play was created to help individuals make high quality decisions and our staff here to help you from start to finish. Each deal is underwritten by one of our underwriters to ensure the deal meets all of the criteria and in most cases our investors don’t do anything except wire their funds to escrow and sit back and collect a monthly check.
Is Investing in Real Estate Notes Risky?
Like all investments there is risk, however we believe real estate notes are one of the safest investments you can make and here’s why:
65% Loan to Value- Leverage is key and being at a safe loan to value helps mitigate against any loss potential. What this means is if someone is going to purchase they had to put a down payment of 35% that is a big investment on their part. The majority of individuals who put this much downpayment are seasoned investors and they don’t plan on losing it! And if they already own the property and they are looking to refinance it an are able to achieve a 65% or better loan to value that means they have been making timely payments and have invested not only in the down payment at purchase but all the payments they are making.
Asset- Real Estate is in insured asset, which means in the event of non payment the asset can be sold on the open market to payoff the current note held. In a down market it can also be rented so that the payments are made and your investment continues
12-36 Months- Most notes are written for a short time period 1-3 years then you will be placed into another asset. We believe our debt serves a need and isn’t meant to be held for a long period of time. It has been proven that this also helps mitigate risk potential.
Investment- Since we only lend on non owner occupied investment properties there is someone else besides our borrower who is financially responsible to pay rent which in turn pays the mortgage payment.
Who Can Invest?
Private individuals, corporations, pension plans, 401Ks, custodianships, LLCs, retirement funds, IRAs, Roth IRAs, Self-Directed IRAs, Charitable Remainder Trusts (CRTs), Foundations, endowments, family trusts, family members, and SEP accounts. Some retirement accounts have limits so please check with your custodian or agent. The Bureau of Real Estate simply requires that no single trust deed can be more than 10% of your (or an entity’s) net worth.
Who are Clients Are?
For more information please complete the form below and one of our staff members will get back to you shortly.
SFR/2-4 Units
Commercial-
Business Only-
Private Money Lending is faster and much easier than Institutional Lending and not near as expensive as ‘Hard Money’!
When a loan is made on real estate, it is documented with a Deed of Trust, also referred to as a “Trust Deed.” A Promissory Note is signed by the borrower and it serves as a legal agreement to pay back the loan. A “Deed of Trust” is simultaneously executed, which ties the “Note” to the property or properties. It is then filed and recorded at the county recorder’s office.
At Alpen Mortgage we match the borrowing needs of real estate developers with the needs of our Investors. Because of our deep connections throughout the building, development and commercial industries, we are consistently presented with private lending opportunities which in return can be matched with our extensive family of private investors.
This is a true “win-win” relationship, as developers have a trusted source when they are in need of funding and our Investors know they have a trusted source to place their money.
Our objective is to find loans in the community which provide an opportunity for both our borrowers and Investors. For our borrowers, we carefully select investment opportunities which are often “near bankable,” meaning just outside of banking standards. We also receive loan opportunities directly from financial institutions that are “bankable” however, for various reasons, they are unable to fund within the required time frame.
Borrowers seek ‘Private Money Investors’ rather than ‘institutional’ bank financing for many reasons.
Reasons include:
The borrower(s)
When we evaluate a borrower, we may consider all or some of the following items:The main focus of our evaluation process is determining the realistic value of the collateral. We evaluate specifically the type of property and/or the feasibility of success of the project, potential complications and any potential roadblocks to the property(s) or project completion We also use recent data in the market which can help achieve recent rather than historic values.
We also typically require personal guarantees from our key borrowers. A personal guarantee grants an extra layer of security should the borrower or borrowing entity default on the loan.
At times, we will suggest cross-collateralization of properties. Cross-collateralization creates a better equity position for the Investor. In case of borrower default, cross collateralized properties will be used as security to protect the Investors’ loan.
A First Trust Deed investment is in the best lending position on a property because by being titled first it signifies it is in the senior lien position. Subsequent Trust Deeds (2nd, 3rd, 4th) put those loans in subordinate positions behind the First Trust Deed accordingly.
To protect the lien position held on each property, Alpen Mortgage requires title insurance on all loans. Title insurance ensures the lien position to any other prior or future liens or claims placed against the subject property.
Nearly all investment opportunities arranged by Alpen Mortgage are in the First Trust Deed position. Occasionally we will lend on Second Trust Deeds if the combined loan to value is extremely low. We do not lend on personal property.