Woody Financial Realty Corporation
Long Beach, California
CA DRE Lic. 01157109
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
Loan Amounts
Interest Rates
Loan Terms
Origination Fees
Lien Position
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
- Discounted Note Payoff
- Foreclosure Bailout
- Note Purchase
- Partner Buyout
- Residential Long-Term Rental
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
2.5% to 3%
We Fund Junior Position Loans
Rarely
Junior Lien Types
- Purchase
- Refinance
- Equity Cash Out
Max Loan-to-Purchase Price
80%Borrower Must Have Property Under Contract
yesWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
noAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Subject Property
- Equity in Another Investment Property
Experience Required
yesMinimum Number of Value-Add Projects Completed by Borrower
3Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
80%Interest Charged for Renovation Costs
Entire Amount of Total Project CostsTypical Number of Days for Funds Draw
2Processing 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
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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.
Associations
- CMA - California Mortgage Association - Regular Member
Office Locations
5580 East 2nd Street, Suite 211, Long Beach, California 90803Our Team
Dave Woody
President
CA DRE Broker - 00604535
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