Hard money loans in California are our specialty. Offering financing solutions for most property types in the state, we are always available to discuss your scenario and options available, simply give us a call at 877 462 3422.
Hard Money Rehab Loans for California Flips
Our rehab loans have been very popular lately. With many bank owned and distressed properties on the market, and more coming to market every day, real estate investors can depend on our upfront quotes and terms.
We can put together a loan based on the after repair value of your project. Typically speaking we are securing loan to values in the 60-65% range of this ARV. Interest reserves and a fund control account are required. Oftentimes we do not require an appraisal, instead opting for a site visit.
In addition, we have options that will fund 75% – 90% of the purchase price with no rehab funds to be held. These programs are good options for people who wish to do the rehab ‘out of pocket’ and not deal with a fund control account. In addition, we are able to defer some of the cost of the loan to the back end to be paid when the property sells, allowing our borrowers to reduce the upfront costs of financing.
We can help you secure rehab lending on properties anywhere in California. Whether you need a fix and flip loan for Riverside, a hard money loan in San Jose, or rehab lending in Sacramento, give us a call!
Hard Money Land Loans for California Property
Land loans are another popular type of loan we can help with. Land loans typically are more conservative than other lending; typically speaking land loans will be in the 30-35% loan to value ratio, although we can get as high as 50% with a very strong guarantor and property.
Hard money loans for land in California can vary as much as the land itself. The location of the land plays a large part in how aggressive we can be on the loan to value. If you are looking to finance land, give us a call and we will be happy to discuss your particular transaction.
Hard Money Commercial Loans for California
Hard money commercial loans in California have become very aggressive for the right properties. Right now we have options available that can secure single digit interest rates for hard money borrowers. In fact, in certain counties and at the right loan to value, these hard money loans can almost compete with rates and terms being offered by the banks!
For commercial property that is income producing with a loan to value of 50% or less, give us a call and ask about our best program for our best properties. Even at a higher loan to value ratio, or even property that is vacant or not producing income, give us a call and we’ll let you know what your options are.
California Residential Hard Money Loans
We can also help finance residential property in California. Typically speaking we can lend up to 60% loan to value on a property. This includes recently rehabbed property, auction purchases, property that is free and clear and more. Sometimes we can secure financing that is more aggressive depending on the property location and guarantor strength.
We have many options for residential properties in California. Whether you are looking for a short term hard money bridge loan or a longer term loan that will allow you to hold a property, we have programs that can help. Give us a call today to discuss your situation!
Other Hard Money Loans in California
In addition to the specific property types and loan scenarios listed above, we can also secure financing for other projects. This includes hard money for construction completion, ground up construction, commercial loan buyouts, note hypothecations, non warrantable condos and more.
We can also lend to many types of borrowers, including individuals, corporations, LLCs, Trusts, self directed IRA’s and even non citizens. The main underwriting criteria for our hard money programs is the underlying real estate collateral. If you are looking for hard money loans in the state of California, call us to discuss your options. We are available Monday – Friday 9am – 5pm at 877 462 3422.
