Micro Capital Lending

Premiant funds on average 12 to 15 unsecured notes per month from in-house capital that are available for sale on the secondary note trading market.  These notes have a 3-year or 5-year time horizon during which fixed monthly payments are received.  The credit policy is quite strict and results in less than 10% of the loan applications received being approved.  All loan applications are reviewed and funded in-house.  The loans are unsecured and thus feature interest rates that ranging from 5.42% all the way up to 21.59%.  The interest rate for each prospective loan is calculated by a mathematical model that starts from the borrower's credit history.  Using the credit score as the basis of historical credit performance, the loan is first assigned a base grade.  Then the base grade is modified with a sub-grade that fluctuates based on credit risk indicators such as the following:

• Requested loan amount
• Number of recent credit inquiries
• Credit history length
• Total and currently open credit accounts
• Revolving credit utilization
• Loan maturity: 36 or 60 months

Premiant Realty - Featured Listings

3398 Rocky Mountain, San Jose 3 bed • 2.5 bath  • 1,455 sqft Offered at $500,000 Sold By Premiant's Jay Lazaro

5327 Hillen Dr, Oakland 2 bed • 1 bath  • 1200 sqft SOLD at $237,000

5535 Eagles Lane #1 2 bed • 1 bath  • 810 sqft SOLD at $340,000 Sold By Premiant's Jay Lazaro

996 Summerplace, San Jose 1 bed • 1 bath  • 730 sqft Offered at $320,000 Sold By Premiant's Jay Lazaro

1221 Campbell St, Oakland 4 bed • 2 bath  • 1382 sqft SOLD at $190,000

465 Metro Walk Way, Richmond 4 bed • 4 bath  • 1666 sqft SOLD at $297,500

1006 Old Quarry Loop, Oakland 3 bed • 2.5 bath  • 1,969 sqft CLOSED at $946,000 (Referral!) Sold By Premiant's Debra Bell

1720 Maine Ave, Richmond 3 bed • 2 bath  • 1,486 sqft Offered at $379,000

619 Lelandhaven, Sacramento 3 bed • 2 bath  • 2,027 sqft CLOSED at $415,000 (Referral!)

1006 Sunnyhills Road, Oakland 3 beds • 1 bath  • 2,062 sqft LEASED at $2,900/mo

738 Lassen Ave, Richmond 1 bed • 1 bath  • 270 sqft LEASED at $750/mo

2004 Sierra Road, San Jose 3 bed • 2 bath  • 1,380 sqft SOLD at $689,000 Sold By Premiant's Jay Lazaro

6400 Christie #1207, Emeryville 2 bed • 2 bath  • 985 sqft SOLD at $451,000

2250 Upland Rd, San Leandro 3 bed • 3 bath  • 1,588 sqft SOLD at $650,000

453 McAuley Street, Oakland 3 beds • 2 bath  • 1,469 sqft SOLD at $820,000

9408 Oscar Ave, Oakland 4 bed • 2 bath  • 1,440 sqft SOLD at $441,771

Featured Lease Listing

REO Listings

Over the past 5 years, Premiant Realty has sold $47 million dollars worth of bank-owned real estate for some of the country's largest banks.  The marketing of a foreclosure property is often more urgent and complex than the sale of a typical owner-occupied home.  These properties are often times in need of rehabilitation, and always need constant maintenance and supervision.  Premiant Realty has the in house tools to address these needs.

Premiant Realty efficiently manages and sells REO assets for a wide range of corporate clients.  Our success in this area has come from reducing costs and staff time in managing foreclosures.  Fast response times to initial inspections, BPOs, and routine communication increases productivity and significantly reduces the market time of an REO asset.

We offer a comprehensive set of services to successfully liquidate these properties:

• Determination of Occupancy Status and Intent
• Eviction Services
• Re-keying and Securing the Property
• Broker Price Opinion (BPO) Reports
• Coordination of Rehabilitation and Maintenance
• Multiple Listing Service
• Multi-Angle Marketing Programs
• Knowledge of Local Sale Requirements
• Monthly Written Status Reports
• Escrow Management and Follow-up

Working with numerous REO Asset Managers, Premiant Realty is continually outperforming other foreclosure sales channels.  Our average Days On Market counts for REO listings are far lower than market averages for the Bay Area, but it is primarily our responsiveness that has earned us a long list of glowing references.  If you are an Asset Manager interested in utilizing Premiant Realty as you local broker for your bank-owned listings, please contact us.

Property Preparation

Premiant Realty specializes in orchestrating pre-sale property preparation.  Simply put, hands-on prep is the reason why Premiant properties sell for more.  Dedicated to the sophisticated seller who understands that aesthetics can create huge increases in sales prices, Premiant aggressively prepares your property for market.  This approach works wonderfully for the seller not only aiming to maximize their proceeds, but who also understands that a strategic upfront investment yields a tremendous return in the final sale price.  Why does our strategy work?  It works because price alone is rarely a key factor in buying decisions.  Instead, the key factor in any buying decision is the perceived value to be gained by the buyer.  Bottom-line: for each dollar you spend prepping your property, we target you to make at least three dollars back at the close of escrow.

7642 Hillmont Drive / Oakland
Prep time: 21 days
Amount Sold Over Asking: $91,000
Prep Cost: $11,770
Hard to believe, but 7642 Hillmont had been on the market with another real estate company for 90 days when it was taken over by us.  It had spent 3 months on the market with another broker without any success.  We took over the listing and began the prep.  New granite countertops were put in at the cost of only $99 per slab.  Over 10 cubic yards (15 truck beds’ worth) of plant debris was removed.  The front and rear of the house was entirely re-landscaped.  The interior of the house was completely repainted and the exterior of the house was pressure-washed.  The interior was fully staged by a high-end designer.  When Premiant put it on the market, its sold in 3 days for $91,000 over asking.
BEFORE PREMIANT PREP (click photos!)
AFTER PREMIANT PREP (click photos!)

2250 Upland Road / San Leandro
Prep time: 23 days
Amount Sold Over Asking: $51,000
Prep Cost: $15,120
It was immediately noted upon our first arrival that 2250 Upland had wonderful "bones," but in order to appeal to potential buyers, the property was in need of a serious makeover.  Premiant Realty's prep centered around bringing out the property's hidden beauty.  The front and rear was completely re-landscaped.  Over 70% of the interior was repainted with colors specifically chosen to maximize and expand the visual appearance of the small living space.  Over 750 sqft of deck surfaces were professionally pressure-washed.  Overgrown trees were pulled back in order to expose the beautiful face of the house.  Carefully selected furniture was placed within the rooms to give the home an air of class and elegance.  At each of our open houses, subtle details such as music and room scents made the home as appealing as possible.  It sold for $51,000 over the asking price at the time of sale.
BEFORE PREMIANT PREP (click photos!)
AFTER PREMIANT PREP (click photos!)

 

Buyer Representation

Buying a home requires many difficult decisions.  For most people, your home is the biggest purchase your family will ever make, and it's a bit more complex than simply choosing the house that you like.

As your REALTOR®, here is how the Premiant Team will guide you through the entire process, from viewing homes and financing, to making sure that the final contract is in your best interest:

• Through our professional real estate affiliations and personal network, you will have full access to ALL homes available on the Bay Area market, even listings not yet on the MLS
• Our expert local knowledge of the Bay Area will be invaluable to you, not just in terms of real estate, but also schools, neighborhoods, the local economy, and more.
• Every local real estate market absolutely has its own trends and opportunities. This can vary greatly from one neighborhood to the next. The Bay Area is no different!  It's our job to steer you into opportunities and out of traps.
• What is the true market value of the home you are interested in?  Is it priced too high?  Is it a bargain that you should jump on?  We help homebuyers make decisions like this every single day, and I'll make sure that YOU get the best value for your money.
• Negotiating with sellers can be stressful.  We will help you negotiate, or if you would like, do it entirely on your behalf.  We always negotiate very aggressively so that the final contract includes your best possible terms and conditions.  Don't leave money on the table!
• You should know absolutely everything about the property you are buying!  We will view every home that you are interested in, together.  And prior to closing we'll make you fully aware of any and all inspections available to you.
• Have confidence when signing documents.  Contracts are full of complicated terms and clauses that can greatly affect your future life in your new home.  We'll give you the full benefit of my real estate knowledge and experience.

Ask me any question about buying a home in the Bay Area.  We promise to respond quickly -  it's our job to help you!

Let us represent your best interests in your search for a new home in the Bay Area.  While you can see a million homes on the web, actually buying your home is an entirely different matter.  That's why we am here to help!

Property Management

Premiant Realty provides comprehensive property management service to insure maximum income from a property while simultaneously controlling expenses.  These services include management, maintenance, renovations, accounting, administration, and other property-specific tasks:

• Marketing & Advertising
• Leasing
• Qualifying tenants
• Lease enforcement
• Tenant retention
• Tenant relations
• Legal recourse
• Utility analysis
• Capital improvement plans
• Property turnover
• Property inspection

Maintenance services are available around the clock, seven days a week through a team of experienced local contractors. This allows us to provide a full range of well-priced maintenance and restoration services which include:

• Roofing
• Masonry
• Painting
• Electrical
• Carpentry
• Plumbing
• Renovations
• Landscaping
• Janitorial Services
• Heating & Cooling

Our accounting and administrative services are much enhanced by the use of a computerized management system.  It allows us to manage your property efficiently and produce informative, easy to read reports for property owners. The system generates reports such as:

• Income & expense statements
• Balance sheets
• Budget comparisons
• Rent rolls
• Rents collected
• Accounts receivable
• Accounts payable
• Account reconciliation
• Transaction details

In addition to management, renovation and leasing service, we can offer assistance on issues specific to clients needs such as:

• Mortgage financing/refinancing
• Investment property consulting
• Real estate tax appeals
• Property insurance analysis

Premiant's objective is to always conduct business with integrity while maximizing the profit, value, and quality of the owner's property.
 

Broker Price Opinions (BPOs) for East Bay

Premiant Realty provides comprehensive BPOs for Banks, REO Departments, Loss Mitigation Companies, Asset Managers, and Homeowners.  Our service area is Alameda County and Contra Costa County.  More specifically, we are available for Drive By and Interior BPO's in the zip codes listed below and surrounding areas:

94501, 94502, 94706, 94509, 94531, 94701, 94702, 94703, 94704, 94705, 94707, 94708, 94709, 94710, 94712, 94720, 94546, 94552, 94518, 94519, 94520, 94521, 94522, 94524, 94527, 94529, 94530, 94803, 94820, 94608, 94662, 94536, 94537, 94538, 94539, 94555, 94540, 94541, 94542, 94543, 94544, 94545, 94557, 94547, 94550, 94551, 94553, 94556, 94570, 94575, 94560, 94601, 94602, 94603, 94604, 94605, 94606, 94607, 94609, 94610, 94611, 94612, 94613, 94614, 94615, 94617, 94618, 94619, 94621, 94622, 94623, 94624, 94625, 94649, 94659, 94660, 94661, 94666, 94563, 94620, 94564, 94523, 94801, 94802, 94804, 94805, 94807, 94808, 94850, 94577, 94578, 94579, 94580, 94806, 94586, 94587, 94595, 94596, 94597, 94598

Subject and comp photos available in jpg/gif format (or other as requested).  Photos can be emailed or posted to our web site for your convenience.  We provide a 1 to 2 day turnaround, and can do same day rush orders for an additional fee.  W-9 and broker's license available upon request.  Generally, a Drive-By BPO with 1 to 2 page report with one subject photo is $125.00.  Additional fees would apply for comp photos, interior inspections, detailed repair estimates, express mail fees, rush orders, etc.  CMAs (comparative market analysis) are available for homeowners who are not considering listing their home with us for $175.00 including, property inspection, recommendations, written report, marketing presentation/information and a personal consultation to answer specific homeowner questions. One page BPOs are also available to Homeowners.  CMA or BPO fee is credited toward brokerage fee if homeowner lists and sells with us.