Aztec Financial Burbank's Publications

• A Brief History of Burbank, California, Aztec Financial Burbank Blog on Bigsight February, 2011 Aztec Financial offers an array of exceptional mortgage and property rehabilitation loan options for its diverse clientele. Based in Burbank, California, Aztec Financial was established in 1987. Burbank sits in Los Angeles County. Initially founded in 1887, Burbank received official incorporation as a city in 1911. Since a multitude of international media companies maintain headquarters in Burbank, the city remains known as the Media Capital of the World. The properties currently occupied by Burbank once constituted two massive Spanish land grants, Rancho San Rafael and Rancho La Providencia, bestowed in 1798 and 1821, respectively. A New Hampshire-born dentist, Dr. David Burbank subsequently acquired large sections of both properties in 1867, merged them, then proceeded to engage in a number of successful commercial ventures. For instance, the backlot of Warner Brothers sits near the previous location of a ranch house once constructed by Dr. Burbank. A highly adept businessman, Dr. Burbank sold Southern Pacific Railroad the rights to build the through the Burbank properties for a dollar, understanding that his own land would significantly increase in value as a direct result of the railroad’s proximity. As the popularity of California grew, so did the value of Dr. Burbank’s properties. He sold his entire estate in 1886. Land speculators paid Dr. Burbank $250,000 and subsequently created the Providencia Land, Water and Development Company. Designing a new city on the properties previously owned by Dr. Burbank, the Providencia Land, Water and Development Company opened the town of Burbank for business in 1887. Burbank became a city in 1911, commencing the operation of its inaugural streetcar that same year. Burbank continued to develop and witnessed a boom in population and estate sales in the 1920s. Attracted to the region’s open space and natural beauty, major aviation and entertainment companies began relocating to Burbank during this period. Lockheed Aircraft Company and what would later become Warner Brothers both moved to the area in the 1920s and other similar concerns quickly arrived on their heels, including Columbia Pictures and the Walt Disney Company. Today, the city of Burbank hosts a multitude of commercial enterprises and serves as an attractive and comfortable area in which to live and work. The city of Burbank presently boasts over 100,000 residents and a host of recreational options. Operating in Burbank for more than 20 years, Aztec Financial continues to provide exceptional service to individuals in need of flexible and hassle-free load and mortgage options. For more information regarding Aztec Financial, visit www.aztecfinancial.net.

• Aztec Financial in Burbank, California: Hard Money Loans March, 2011 As a lending leader in Burbank, California, Aztec Financial supports individuals and businesses that wish to build wealth through real estate investments; Offering an array of loan products tailored to individual borrower needs, Aztec Financial has worked with its customers in Burbank to secure millions in successful loans. Amongst the many loans Aztec Financial provides is the hard money loan. The following are some facts to keep in mind when considering this type of loan: 1. Also known as “private money loans,” hard money loans provide real estate funding by utilizing a property asset as collateral. 2. Hard money loans typically have shorter terms, as well as higher financing rates and fees than more conventional loans. 3. Private local investors often back the loans. In many cases, as via Aztec Financial, the investors rely on a loan company to vet the applications and administer the loans. 4. Owners of properties in distressed or foreclosure situations may be able to obtain hard money loans when they have a low credit score, because the collateral secures the loans. 5. Hard money loans often have a much lower loan to value ratio than other types of property loans. The usual amount is between 60 and 70 percent of property value. 6. In most cases, hard money loans function as the first lien lender, meaning that in the event of default, the hard money creditor is the first to be paid. 7. Hard money loans typically bypass a great deal of the red tape required by traditional lenders, meaning that the lender can fund the loan quickly. 8. In general, hard money loans have a short duration of fewer than 10 years; however, the parties to the loan can negotiate the repayment terms. By Joel Hoffman

Aztec Financial Burbank's Links