We make mostly fix & flip loans, some 2nd TD on apartment buildings. Many of our fix & flip borrowers have been with us over 15 years. We all make money. Our company is about creating wealth for our Clients (Investors and Borrowers) by funding loans in the form of Trust Deeds secured by California Real Estate. We do this with exceptional customer service, care, and integrity.

We create synergy with Lenders, Borrowers, Escrow and Title by requiring our Company and supporting team members to be responsible for their actions and success in completing transactions and reaching financial and investment goals

 

Property Geographic Area Details
Primarily Los Angeles County and North Orange County. We don't only look for the best neighborhoods. We don't mind areas like Watts, Inglewood, South Central LA, etc.
Loan Amounts
$100,000 to $1,000,000
Interest Rates
8.75% to 10%
Loan Terms
3 months to 60 months
Origination Fees
2% to 3%
Lien Position
1st, 2nd
Collateral Types
  • Residential Property
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Value Add Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%

Property Types

  • 2-4 Units Residential
  • Commercial Condominium
  • Industrial
  • Multifamily
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Residential Fix and Flip
  • Residential Rehab and Rent

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out
  • Residential Long-Term Rental
  • Note Purchase
  • Partner Buyout
  • Discounted Note Payoff
  • Foreclosure Bailout

Junior Lien Loan Amounts

$100,000 to $500,000

Junior Lien Interest Rates

9% to 10.5%

Junior Lien Loan-to-Value

75%

Junior Lien Loan-to-Cost

65%

Junior Lien Origination Fees

3% to 3%

We Fund Junior Position Loans

Rarely

Junior Lien Types

  • Purchase
  • Refinance
  • Equity Cash Out
We like apartment building with cash flow and some other commercial property types

Max Loan-to-Purchase Price

80%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

3

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

80%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

2

Processing Fee

$595

Escrow Fee

We use outside escrow, and they hold the rehab funds

Title Fee

As per customer

Appraisal Fee

Usually $400

Renovation Construction Draw Fee

$100 per inspection, max of $300

Minimum Origination Fee Amount

$595

Fees which are mandatory for all new borrower clients

  • Underwriting Fee
  • Documents Fee
  • Appraisal Fee
  • Escrow Fee
  • Title Fee
  • Renovation or Construction Funds Draw Fee

Fees which are paid to a third party company

  • Deposit
  • Appraisal Fee
  • Escrow Fee
  • Title Fee
  • Renovation or Construction Funds Draw Fee

Details and Requirements

Typical Closing Time (Days)

15

Fastest Closing Time (Days)

10

Payment Structure
  • Amortized
Payment Structure Details

Fix & Flips are amortized 20 years, due in 18 months

Pre Payment Penalty

yes

90 days minimum then no prepay
Will lend to a foreign national

no

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Self-Directed IRA
Documentation Required
  • Credit Report
  • Financial Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Sometimes
Credit Check Required

yes

Credit Check Description

We need to look at it

Appraisal Required for Residential Property

Always

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Get In Touch

Woody Financial Realty pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

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A family owned Real Estate Brokerage Company that has been brokering sales and private money equity loans for single family, residential income, and commercial properties in Los Angeles and Orange County since 1977.

Woody Financial Realty Corporation is a member of the Pacific West Association of Realtors, the Southern Regional Multiple Listing Service and the California Mortgage Association. The Company markets aggressively in large Broker network marketing sessions and in Real Estate publications.

License

CA DRE Lic. 01157109

Year Established

1976

Associations

  • CMA - California Mortgage Association - Regular Member

Office Locations

5580 East 2nd Street, Suite 211, Long Beach, California 90803

Primary Capital Source
  • Own Funds
  • Individual Investors
Alternative Capital Sources
  • Individual Investors
  • Bank Credit Line
Loan Structure for Majority of Loans
  • One Investor One Loan
Percentage of Loans Secured by Commercial Property

5%

Total Number of Loans Funded to Date

2000

Total Loan Volume Funded to Date

$750,000,000

Our Team

Dave Woody

President

CA DRE Broker - 00604535

Get In Touch

Woody Financial Realty pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration
Before You Contact Us

Our Minimum Loan Amount Is

$100,000

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