Chapter 1 - Coppercrest Funding


Coppercrest Funding, is one of Arizonas leading sources of non-institutional, short term real estate loan providers, is a dynamic and professional company that specializes in providing real estate loans that are not usually obtainable by conventional lenders. In short, Coppercrest Funding provides lending investment opportunities known as a Trust Deed.

The funds for these short term loans that are provided by Coppercrest Funding, come from a variety of sources that include, but are not limited to, individual investors, hedge funds, pension plans, trusts, IRAs, and REITs. This type of lending that is provided by Coppercrest Funding is commonly referred to as hard money or private money lending.

What is private money lending?
At this point you may be asking yourself: What is private money lending? Private money lending refers to loans that have been collateralized by real estate, and are made in regards to the decision of making a loan that is based mainly on the protective equity within the property.
Private money loans are required by borrowers, who fail to meet guidelines set up by conventional institutions such as banks, life insurance companies and conduits. The guidelines regarding the main credit decisions of such institutions are based on the borrowers income and credit. Thus, from a lenders perspective, while providing a loan may seem like a sensible transaction, due to the fact that its classified as subprime, it requires private money lending.

Coppercrest Funding underwrites, solicits, processes and funds private money lending, and is extremely reliable because they have more than 25 years of experience in real estate lending. They are experts in their field, and provide creative financing solutions because they know how to deal with, and understand complex transactions.
Their creative skills give Coppercrest Funding a unique advantage over other lenders, because they provide direct loans that are underwritten. In other words, instead of outsourcing to obtain their information, Coppercrest Funding personally determines inherent risks regarding specific loans, and establishes appropriate terms and conditions for the loans which they fund internally. This allows them the ability to approve and fund loans within hours or days of a submitted application.

Coppercrest Funding and Trust Deed Investing

Coppercrest Funding provides investors with many unique opportunities to invest in trust deeds. The loans provided by Coppercrest Funding are first secured with deeds of trust on real estate, and in addition are supported with the borrowers personal guarantee. All deeds of trust are insured by a reputable Title Insurance Company that is recognized nation wide, and all costs that are related to underwriting, documentation and servicing of the loan are paid by the borrower.

An asset based lender, Coppercrest Funding, primarily bases their decision on whether or not to provide a loan based on the amount of equity in the property. If the property meets their equity requirements, Coppercrest Funding will then carefully analyze the borrowers personal characteristics, as well as their ability to repay the loan, and the project viability.

Before a loan is granted, a Coppercrest Funding officer will perform a personal inspection of all subject properties. Furthermore, Coppercrest Funding will never fully rely on appraisals, and will confirm values by utilizing their own internal comparable sales analysis through an interviewing process with real estate brokers familiar with the area in question.

The vast majority of loans that are funded by Coppercrest Funding are through individual investors. Every investor is provided with a loan summary that supplies information in regards to:

loan terms
Property serving as collateral
Details about the borrower/guarantor

Coppercrest Funding gives support to their investors, and assists them through every stage of the loan, which includes the documentation, servicing and loan management.

Currently, Coppercrest Funding is proud to work with almost 50 active investors. Some of these investors have a strong relationship with Coppercrest Funding; a relationship that has been built and thrives on an enormous level of trust developed throughout the years. In addition, Coppercrest Funding is pleased to see this same development of trust blossoming with their other investors, and always look forward to developing future relationships with new investors.

For more information about Coppercrest Funding, or if you would like to learn more about becoming an active trust deed investor, you can visit them online today at www.coppercrestfunding.com

Trust Deed Security

Some of these documents include the original or conformed copy of the recorded trust deed and the original note secured by the trust deed.

Even promises made orally should be written down. Recourse Note V For this note, the endorser is making a guarantee that the payments will be given to the present holder, as well as all the other holders. Thus, escrow closes when every condition of the escrow instructions have been met or waived, the documents have been recorded, and the funds have been released. In order to keep your original note and deed of trust safe, you should place them in a safety deposit box at your bank. Know the market value and equity of the real property, as well as your loan security. and multiply this number by 0.

Private money loans are generally based on the real estate value itself, to the degree of the individual borrowers credit.
Due to the fact that there are so many diverse varieties of factors, additional forms of coverage have been continuously developed in forms of endorsement. Once the investor has the certified copy, the escrow company recognizes that the investor expects all conditions and terms of the escrow to be completed precisely. However, make sure you make copies of both documents, so you can have them on hand, and refer to them later for future use. When the instructions have been completed, it is then important for the investor to read the preliminary title report more than once to ensure that everything is understood and nothing has been overlooked or missing.

Some of these laws include, but are not limited to the following: _ The investor must have their loan serviced by a mortgage loan broker (MLB) and have a written agreement.
The Amortized Note - the amortized note is often used for real estate transactions. _ With a mortgage document foreclosure the state law will determine the foreclosure method that will take place, which can sometime involve a lengthily process. When you invest in a trust deed, every month that goes by increases your protection because the loan amount continues to be lowered by amortization. ) if they fail to pay the loan. The reason is because the original note is not a recorded instrument, like the trust deed.