Step by step Guide to Investing with MOR Financial
We do not post our trust deed offerings to a website or “shotgun” them out to a list of investors. Each trust deed will be individually presented to an investor based on pre-established parameters pertaining to leverage point, desired yield, and overall risk tolerances.
When a file is submitted to underwriting, Investor Relations will be aware of the structure being requested.
Based on an initial valuation of the subject property and market demographics, the loan amount can be reasonably estimated.
If the structure being requested fits the pre-established parameters set-forth by the investor, a phone call describing the loan amount and initial structure of the submission will be made to the investor.
If the structure appears to be feasible by the investor, the investor will be assigned the loan to review once it has made it through underwriting.
When the file has made it through underwriting, the investor will receive the following to review:
Preliminary Title Report
Additional information is available upon request. However, these documents detail the structure being requested and overall yield to the investor.
The investor will have 12-24 hours to review the file and at that point in time, they have the option to say yes or no.
If the answer is yes, loan documents will be ordered with the investor’s vesting attached to all the pertinent documents.
Once the executed loan documents are received, MOR Financial’ s Loan Closing team will clear all prior to funding conditions with Title and Escrow in order to ensure the investor is appropriately secured in first position against the property.
Keep for Records
The investor will receive the following documents for their records prior to funding:
This will need to be signed and returned to MOR Financial
Executed Deed of Trust
Evidence of Insurance (Hazard Insurance)
When all prior to funding conditions are cleared with Title and Escrow, the investor will have the green light to wire their funds. All wires go directly to Title.
Upon closing, the loan will be recorded and made public record. The recorded deed of trust will be sent to the investor for their records.
The investor will receive their pre-paid interest for the remaining days of the month.
The investor will receive monthly interest payments throughout the life of the note in arrears; i.e., the payment for March will be received in April.
At MOR Financial, one of California's leading Hard Money Lenders, our purpose is to help connect our customers and clients to the things that matters most to them. Every day, we’re proud to partner individuals, businesses, and communities, bringing them our skills and expertise to help make their financial lives better.
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1100 Wilshire Blvd Ste 1701 Los Angeles CA 90017
CalBRE Lic. ID 01860343
*All rates, terms, and fees are subject to change without notice. All loans offered are only available to investment, non-owner occupied properties. Pricing is based on area, risk, and track record. A full loan application, ability to service the note, and a full appraisal prior to commitment to fund are required.
Calculations gauged on sales price or 1.5% upon refinace
All offering returns, terms, fees are subject to change without notice. Returns vary based on area, and risk associated with the investment. All investors must be accredited and must be aware that this is an investment and with any investment, there is a risk of loss of capital.