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

Smart Trust Deed Investment In California Books

Although it is evident that there are many differences between trust deeds and other types of investments, one thing is for certain V a trust deed is an investment opportunity that offers you a high return with less risk.

Even promises made orally should be written down. Each month, the loan servicing officer bills the borrower and collects payment, depositing the funds that are received into the account of the investor. The reason why loan underwriting is so significant to trust deed investing is because part of the underwriting process is to determine the Loan-To-Value Ratio (LTV).

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.
As far as monetary is concerned, the defaults include are as follows: _ Nonpayment of a balloon payment (when all the payment is due at one time)_ Advancements for each provision of the trust deed in regards to insurance or taxes. For instance, a good rule of thumb that every investor should follow is to never have an LTV higher than 70%. The standard yield is 11 V 14% per annum. The company providing escrow acts as the middle person in the transaction, and the escrow agent is the one who will process the transaction in accordance to the initial escrow instructions that were agreed on by the lender and the borrower.

A trust deed investor always needs a title insurance policy.
Trustee V Third party selected by the investor who has the legal power to act on the investors behalf and hold title until the note has been paid. The report that is conducted by the title company is known as a preliminary report or a prelim. For instance there are: Improvement and Renovation Construction Loan V this loan is funded to enhance the value of property based on upgrades and modifications. In addition, the agent will request a written statement regarding the default amount, the date up to which the interest is paid, the due date of the payment, and the unpaid principal balance. With a construction loan, there are certain aspects that must be followed to ensure that everything goes according to plan. Ultimately, the choice is yours.