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

Deed Of Trust In Foreclosure

Thus, even if you have a copy of the original, it will not suffice because only the original note is considered to be the life of the transfer.

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. 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. Private money loans are generally based on the real estate value itself, to the degree of the individual borrowers credit. Likewise, as far as non-owner occupied homes are concerned, the LTV should not exceed 50% You should never rely on future promises regarding improvements unless the proper draws for the upcoming work that is to be completed is officially set up. Furthermore, contracts are reviewed to make certain that borrowed funds are sufficient to complete the project. Escrow is a specific process in which a title of transfer and a funds transfer take place via a neutral third party during a real estate transaction.

The reason is because LTV means to loan a percentage of money that is less than the actual property value.
Loans that involve the least amount of risk are those to V While most lenders will only lend 50% or less of the actual value of vacant land, it is also true that many lenders will not lend to corporations or trusts. _ Every stock investor is charged a fee from their stock broker. Should this occur, the investor should ask the escrow agent to produce copies of the listed documents in the title report. The property will be put up for sale should the borrower default V also known as foreclosure. An attorney will also be required to respond to the Temporary Restraining Order. While some properties may look similar, you need to understand that no two pieces of land are the same.

Investing in a deed of trust generates a monthly income that is established through interest payments.
Coppercrest Funding provides investors with many unique opportunities to invest in trust deeds. The process of underwriting is what the lender goes through in order to qualify a borrower for a loan, and also makes certain that the loan has been properly documented and structured. The reason is because if you use your Pension Plan or IRA, your income is tax deferred and can increase faster, as you will not have to pay taxes so you will have more money for gaining interest. Remember, only through asking questions will you learn all the facts of purchasing a trust deed. To make things easier, investors should keep all loan escrow documents/papers in a single folder, and to ensure the protection of the original deed of trust and note, secure these documents in a place safe from theft, fire or other potential hazards that could lead to their loss.