- So, Zinc Financial is
a private money lender.
We're located in Fresno, California.
We're actually in seven states,
including Texas, New Mexico, Tennessee,
Ohio, Washington, Colorado.
We primarily do fix and flip lending,
as well as buy and hold lending
for real estate investors.
We're not a consumer lender.
We're a lender for real estate
investors in those states.
Been in business for about 20 years.
We've done well over a billion dollars.
We start at about $50,000 and we go
up to about two million dollars,
so anything in that range.
Our average loan is
between two and $400,000.
But our typical loan program
is a nine-month loan term,
and with up to a 90-day
extension for the borrower,
if they need it.
Most people are done with their
flip in about nine months,
so it's not a problem.
They don't need an extension.
But if they run into a permit issue,
or a contractor issue,
or there's some kind of other development
where they need some extra time,
we can offer them an
extension for 90 days.
- [Interviewer] And then, do
you do buy and hold loans?
- Absolutely, we have a big portfolio
that we service in-house
of buy and hold loans
for rental properties.
So if an investor wants to
flip that into a hold strategy,
we can assist them with that.
Our rates start anywhere from 6.99% up
for the buy and hold program.
We loan to all entity types.
We loan to foreign nationals.
We loan to LLCs, corporations,
S-corps, C-corps, individuals.
Whatever the situation is,
we will loan to all entity types.
We're a direct lender.
We have our own cash.
We send our wires right here.
We have an in-house CFO who's a CPA.
We have staff accountants.
We send our own money.
If you have a problem with us,
you can call us directly
and typically work it out.
We're licensed by
the Department of Business
Oversight as a lender.
We're not a broker.
