Lending Philosophy
Need a Fast Loan? (Funding possible in 2 weeks or less)
Need a Bridge or Creative Loan?
Owens Financial provides borrowers two very critical services:
Fast Loans. Our entire lending operation is structured
to make decisions quickly and fund much faster than other commercial
lenders. If you
need to fund quickly to save your deal, or your lender has
failed to close your loan, we can help.
Owens Financial comes
to the rescue by routinely funding in
2 weeks or less. If the situation demands it, we can review
your
property
information, make decisions, prepare loan documents and
fund the loan in less time than it takes many lenders to respond
to your
request.
Funding can actually take place in as little as 48 hours
in
an emergency.
Bridge or Creative Loans. We are able to fund
many deals that other lenders will not. We are proud of our record
of providing bridge
and creative loans to help borrowers acquire or improve properties with
special challenges.
We try hard to find creative ways to help
borrowers complete tough deals. If we like the property and your
development
plan, we will
work with you to create a loan specific to your needs.
Our
loans are tailored to the needs of the borrower. We offer extremely
fast funding of loans from $500,000 to $25,000,000
on properties nationwide
(minimum $1,000,000 outside California). Terms and repayment
structure are flexible and negotiable. We can structure
your loan
to meet your
needs with no pre-payment penalty.
Owens Financial makes
commercial loans for the following purposes:
Property Purchase, Remodeling, Bridge Financing, Property
Improvement/Refurbishing, Construction, Short Term Development,
Partner or Lease Buyout,
Quick Closing Transactions and More.
Benefits of choosing
Owens Financial
Rapid Response |
Verbal rate and loan quotes provided in 2 working days or
less, based on information you provide. |
Commitment |
For over 50 years Owens Financial has built a solid reputation
based upon keeping our commitments. WE DO WHAT WE SAY WE WILL
DO, EVERY TIME. |
Immediate Follow-Up |
Loan Committee decision within one day of complete loan package. |
Documentation |
No non-essential documentation. |
Quick Closing |
Deals can close within a few days of Loan Committee approval.
We routinely fund loans in two weeks or less. |
Customized Terms |
We try and make deals work for all parties. We offer interest
only or amortized loans; the ability to finance loan fees and
interest carry; cash out to borrower; partial collateral releases;
and typically no prepayment penalty. |
Low 3rd Party Costs |
We accept existing current environmental,
seismic and appraisal reports. |
No Bureaucracy |
Borrowers and their representatives deal directly
with the source of funds. No hidden Loan Committee delays.
No surprises. |
Professionals |
We have been making commercial loans since 1951. We will analyze
your situation and give you YES or NO quickly. |
Loans are made pursuant to a Department
of Corporations California Finance Lender's License. |