Arixa Capital


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arixa_1

Phone: 310.905.3050

Address: 10940 Wilshire Blvd, Suite 2300 Los Angeles, CA 90024

Website: http://www.arixacapital.com/

States They Lend In: CA

 

 

About Arixa Lending

 

We are a relationship-based private money lender to California’s top home renovators. We pride ourselves on our transparency and professionalism, our rapid response times, and competitive pricing and terms. Through years of working with experienced home renovators as well as those who are newer, Arixa has developed a streamlined borrower approval process, as well as a keen understanding of the developing business. With acquisition financing and renovation loans up to $5 million per home, We stand out as one of the top balance sheet lenders in California.

 

Lending Parameters

Loan Amount: $ 100,000 to $ 5,000,000
Rate: 9 % to 11 %
Loan-To-Value: Up to 75 %
Loan-To-Cost: Up to 75 % including renovation costs
Term: 3 to 18 months
Origination Fees: 1 to 2.5 pts, depending on loan duration
Closing Time: 7 to 14 days
Recourse: Personal guaranty required in most cases
Required Insurance: Title insurance naming lender as insured and property insurance naming lender as additional
insured and loss payee
Collateral Type: First trust deed on subject property
Type of Loans: Acquisitions, Renovations/Construction, Refinance, New Construction
Type of Properties: Single Family Homes and small unit residential developments
Lending Area: California; Other states on a case by case basis

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