At Brownstone we make mortgages secured mainly against income producing commercial real estate. Generally speaking, the commercial real estate will have enough rental income to cover our mortgage payment. In comparison for example, Home Loans have now been almost entirely taken over by banks. Consequently, the home loans that are made available to private lenders are not investment worthy, in our opinion. Further, construction loans such as Acquisition & Development loans, we believe, are inappropriate for most private investors. The risk is simply too high and unknown.
At Brownstone we have a limit of $1 million. Typically, our loans are in the $150,000 to $350,000 range. There is an old saying in lending: “big loans, big problems; little loans, little problems.” We don’t think large loans are appropriate investments for private investors. They are, however extremely profitable for the mortgage broker.
At Brownstone, we are passionate, experienced and diligent when it comes to mortgage investment.
Alex is a University graduate and veteran of more than 40 years in Real Estate & Mortgage Markets. His on the ground boots of experience, his own ‘continuing education’ of reading and writing when coupled with his questioning of independent thinking, has led him to become one of the leaders in the Mortgage Investment Field.
111 E CITY PLACE DRIVE
SANTA ANA, CA 92705
Phone: 800-547-1285 X 109