Val-Chris Annual Broker Mixer!

A big Thank You to everyone who joined us last week for our Val-Chris Annual Broker Mixer! 

The food, cocktails, and conversations were all fantastic. It was great catching up with familiar faces and finally meeting some of you in person after so many phone calls.

Nothing beats connecting face-to-face over good wine and great appetizers. Here’s to closing even more deals together before year end, as there’s still time to make this an amazing year for private money loans! 

Jeff LaMotte with Val-Chris Loan Officer Jack Staurskiy

Speaking at the CMA Fall Seminar

I had the privilege of speaking on a panel at the California Mortgage Association’s Fall Seminar in Monterey, CA. The panel was moderated by Shafiq Taymuree of Stonecrest Financial and Brock VandenBerg of TaliMar Financial, and featured three attorneys, a DSCR lender, and myself. Together, we discussed the current state and outlook of the trust deed market and shared insights on where the industry is headed.

I shared thoughts on how we’re managing today’s market—focusing on portfolio maintenance and giving our investors the attention they deserve. Looking ahead, I expect the next 12 months to remain steady, with our focus on refining what we already do well.

AB 130 came up during the discussion, and I mentioned that it hasn’t had a direct impact on our junior lien lending.

Overall, it was a great experience, and I was grateful for the opportunity to be part of the conversation.

Nevada Update!

Val-Chris Investments Now Lending in Nevada's Major Markets

I am thrilled to announce that I am officially lending in parts of Nevada! With our Nevada license active, we are expanding our trusted lending services to new horizons. Our focus will be on the major metropolitan areas and their surrounding suburbs, where we see tremendous opportunities for growth and investment.

Our expansion into Nevada means that we can now offer our specialized business purpose loans to a broader range of clients. We provide both 1st and 2nd deeds of trust across all property types, including residential, commercial, industrial, and mixed-use properties. Whether you're an investor looking to capitalize on Nevada's booming real estate market or a business owner seeking financing solutions, we're here to help.

Why Choose me for loans in Nevada?

• Expertise in Business Purpose Loans: We specialize exclusively in business purpose lending, ensuring you receive knowledgeable and professional service tailored to your investment needs.

• Flexible Loan Options: With both first and second deeds of trust available, we offer flexible financing solutions to help you leverage your investments effectively.

• All Property Types Supported: Our loans are not limited to specific property types. We are equipped to finance a wide range of properties, providing you with more opportunities.

Gradual Rollout in Select Areas

As we embark on this exciting journey, we will gradually roll out our loan services in select areas of Nevada. This phased approach allows us to ensure that we maintain the high level of service and compliance that our clients have come to expect. You will begin to see more information about our Nevada lending opportunities in our future communications.

Committed to Compliance and Service Excellence

Compliance is a top priority for us. We sub-service our out-of-state loans through an external servicer who handles payment collection, ensuring that we adhere to all out-of-state servicing requirements. This commitment to regulatory compliance allows us to focus on providing you with seamless and efficient lending experiences.

Join Us in This New Endeavor

We are excited about the possibilities that Nevada's real estate market holds and are eager to build lasting relationships with new clients and partners in the region. If you're interested in exploring financing options for your next business or investment property in Nevada, please don't hesitate to reach out to us.

Stay Tuned

Keep an eye on our upcoming communications for more details about our Nevada lending programs. We're here to provide you with quality trust deed opportunities and are committed to helping you achieve your investment goals.

Broker Event!

We had our annual broker event on October 24 at Andrei’s in Irvine. The event was fantastic and we had over 70 real estate brokers attend. This annual event is always a blast and gives our loan officers and staff the opportunity to show our appreciation for the brokers that send loans to us for funding.

Legislative Changes

Governor Newsom has signed Senate Bill 1146, sponsored by the California Mortgage Association, which will take effect on January 1, 2025, to address the usury issues created by the In re Moon decisions. The new law allows any licensed broker to negotiate or arrange a forbearance, modification, or extension of a loan with an interest rate over 10% while retaining the broker exemption from usury caps. This legislative fix comes after the 9th Circuit's Bankruptcy Appellate Panel limited lenders' options in In re Moon, requiring the original broker's involvement in forbearances to maintain the usury exemption, thus constraining lenders trying to help borrowers avoid foreclosure. With judicial appeals unsuccessful, SB 1146 provides a solution by expanding the broker exemption, offering more flexibility for lenders and borrowers alike.

Industry Expertise

As a hard money lender with years of industry experience, I bring a unique perspective and a wealth of knowledge to the table. Over the years, I have worked with countless borrowers and investors in the hard money lending space, and I have seen firsthand the challenges and opportunities that come with this type of lending.

One of the key benefits of working with an experienced hard money lender is the ability to tap into their industry expertise. Here are some of the ways that my industry expertise can benefit my clients:

1. Access to a wide network of borrowers and investors: As an established lender in the industry, I have built up a vast network of borrowers and investors. This means that I can help connect my clients with the right parties for their specific needs.

2. In-depth knowledge of the lending process: Hard money lending can be complex, with a range of legal, financial, and regulatory considerations to take into account. With my industry expertise, I am able to guide my clients through the lending process and help them navigate any challenges that may arise.

3. Strategic advice on investment opportunities: Hard money lending is not a one-size-fits-all approach, and there are many factors to consider when evaluating investment opportunities. With my experience, I can provide strategic advice on which investments are likely to perform well and which ones may carry higher risks.

4. Proactive risk management: Hard money lending inherently carries some level of risk, but with my industry expertise, I am able to proactively manage these risks and minimize any negative impacts on my clients' portfolios.

Overall, my industry expertise in hard money lending is a key factor in my ability to provide quality service and effective solutions to my clients. By working with an experienced lender like myself, borrowers and investors can feel confident in their lending decisions and trust that they are getting the best possible guidance and support.