Woody Financial Realty Corporation
Long Beach, California
CA DRE Lic. 01157109
Our Minimum Loan Amount Is
$100,000
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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%
Max Loan-To-Value
65.00%
Max Loan-To-Cost
80.00%
Origination Fees
2% to 3%
Loan Terms
3 months to 60 months
Lien Position
- 1st
- 2nd
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 and Loan Types
Collateral Types
- Residential Property
- Commercial Property
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 Liens
Junior Lien Loan Amounts
$100,000 to $500,000
Junior Lien Interest Rates
9% to 10.5%
Junior Lien Loan-to-Value
75.00%
Junior Lien Loan-to-Cost
65.00%
Junior Lien Origination Fees
2.50% to 3.00%
We Fund Junior Position Loans
Rarely
Junior Lien Types
- Purchase
- Refinance
- Equity Cash Out
Purchase Loan
Max Loan-To-Purchase Price
80.00%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
Rehab Value Add Loan
Experience Required
yesMinimum Number of Value-Add Projects Completed by Borrower
3Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
80.00%Interest Charged for Renovation Costs
Entire Amount of Total Project CostsTypical Number of Days for Funds Draw
2Details and Requirements
Typical Closing Time (Days)
15Fastest Closing Time (Days)
10Works With
- Brokers
- Borrowers
Payment Structure
- Amortized
Payment Structure Details
Fix & Flips are amortized 20 years, due in 18 monthsPre Payment Penalty
yes
90 days minimum then no prepayWill lend to a foreign national
no
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
yesWill Consider Collateralizing Multiple Properties in One Loan
yesWill 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
SometimesCredit Check Required
yesCredit Check Description
We need to look at itAppraisal Required for Residential Property
AlwaysAppraisal Required for Commercial Property
AlwaysBroker Price Opinion (BPO) Accepted for Residential Property
SometimesBroker Price Opinion (BPO) Accepted for Commercial Property
SometimesFees
Underwriting Fee
$0 to $0
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
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 90803Primary 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 company’s lending business focused on private mortgage
100%
Company’s Other Business Activities Besides Private Mortgage Lending
- Note Investing
Percentage of Loans Secured by Commercial Property
5%
Percentage of Loans Secured by Residential Property
95%
Percentage of Residential Property Loans Which are Fix and Flip
100%
Total Number of Loans Funded to Date
2000
Total Loan Volume Funded to Date
$750,000,000
2017 Number of Loans Funded
150
2017 Loan Volume Funded
$51,000,000
Dave Woody
President
David Woody is the Owner, President and Broker of Woody Financial Realty Corporation, and also was a past director of the California Mortgage Association.
License InformationCA DRE Broker - 00604535