Western Highland Mortgage provides private loans for development & construction, commercial real estate, improved lots and more. It started out as a broker for individual investors and has morphed into a real estate investment fund. Our philosophy is that we are cheaper than a partner. If the loan doesn't make sense for you, it doesn't make sense for us.
We can usually perform this analysis for you over the phone, quickly & efficiently.
We can usually perform this analysis for you over the phone, quickly & efficiently.
Services
Novasel & Schwarte Investments Inc. dba Western Highland Mortgage Company (WHM) is a California corporation founded in Lake Tahoe in 1978 by Robert I. Novasel and Richard W. Schwarte.
WHM represents 150 accredited private investors from various parts of the United States.
WHM uses their funds to secure first trust deeds on properties.
WHM is licensed with the CA Department of Real Estate, the Nevada Mortgage Lending Division and has a California Financials Lenders License.
Their main office is located in South Lake Tahoe, California and has a branch office in Zephyr Cove, Nevada.
WHM represents 150 accredited private investors from various parts of the United States.
WHM uses their funds to secure first trust deeds on properties.
WHM is licensed with the CA Department of Real Estate, the Nevada Mortgage Lending Division and has a California Financials Lenders License.
Their main office is located in South Lake Tahoe, California and has a branch office in Zephyr Cove, Nevada.
Robert I. Novasel "Bob" is a licensed California real estate broker and has thirty-nine (39) years of experience in loan servicing, loan origination and real estate sales.
He has been active in real estate construction and property management.
He co-founded Novasel & Schwarte Investments, Inc. ("NSI") in 1978.
He earned his Bachelor of Arts in Business from the University of Wisconsin in 1970.
Bob serves on several boards: the El Dorado Community Trust Foundation and the Lake Tahoe Community College Foundation Board.
He has been active in real estate construction and property management.
He co-founded Novasel & Schwarte Investments, Inc. ("NSI") in 1978.
He earned his Bachelor of Arts in Business from the University of Wisconsin in 1970.
Bob serves on several boards: the El Dorado Community Trust Foundation and the Lake Tahoe Community College Foundation Board.
Western Highland Mortgage can fund many types of hard money real estate loans immediately.
We are still an equity lender at heart and are looking for a 65% loan-to-value on 1 to 4 unit properties, a 50% loan-to-value on commercial properties (unless income justifies more), and 65% of cost on new construction projects.
Our borrowers must have skin (money or equity) in the game!
If you are cash poor but property rich, we might be able to help.
We are still an equity lender at heart and are looking for a 65% loan-to-value on 1 to 4 unit properties, a 50% loan-to-value on commercial properties (unless income justifies more), and 65% of cost on new construction projects.
Our borrowers must have skin (money or equity) in the game!
If you are cash poor but property rich, we might be able to help.
It is one which finances the construction of a home, provided in numerous disbursements as progress is made.
These loans are interest only while construction is being done; usually over a period of 6-36 months.
Once finished, it is up to the borrower(s) to convert the loan into a 30-year conventional mortgage with a different lender.
These loans are interest only while construction is being done; usually over a period of 6-36 months.
Once finished, it is up to the borrower(s) to convert the loan into a 30-year conventional mortgage with a different lender.
Raw Land is the blankest of blank slates; properties in which there are no utilities or services already in place.
These often include large parcels of land in remote areas, which have seen little to no development in their existence.
Because of this, banks and other conventional lenders will rarely consider lending on raw land.
High expenses for zoning, partitioning, electricity, water, sewer, etc. will need to be figured into construction, permitting and labor costs.
Most often we lend on raw land for borrowers who would like to subdivide and provide utilities/services to a large parcel, then sell as Improved Lots.
These often include large parcels of land in remote areas, which have seen little to no development in their existence.
Because of this, banks and other conventional lenders will rarely consider lending on raw land.
High expenses for zoning, partitioning, electricity, water, sewer, etc. will need to be figured into construction, permitting and labor costs.
Most often we lend on raw land for borrowers who would like to subdivide and provide utilities/services to a large parcel, then sell as Improved Lots.
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