A hard money loan is simply a short-term loan secured by real estate. They are funded by private investors (or a fund of investors) as opposed to conventional lenders such as banks or credit unions. The terms are usually around 12 months, but the loan term can be extended to longer terms of 2-5 years.
By this point you should already know that rates on hard money loans for any type of California real estate are high. While most traditional mortgage companies charge rates of 3-4%, a private money lender will often be at 7-10% depending on the risk involved.
Southern California Hard Money Lenders. Real estate investors in Southern California know they can turn to Source Capital when they need a hard money loan from a trusted and reliable lender. source capital is a private loan service that has been providing members of the Southern California real estate market with hard money loans for over ten.
Hard Money Loans When traditional financing isn’t available, a hard money loan may be your best solution. Hard Money Loans – Quick Reference. Second and vacation homes, investment property, and commercial property are eligible. Primary, owner-occupied homes must meet certain exemptions to qualify. Call for info.
California Hard Money Direct California Hard Money Direct is your source for fast, direct hard money loans from the best hard money lenders in the state of California. Our Hard Money is offered at very competitive rates & we will lend on any deal that makes sense. Please reach out to us if you need help with Residential, Commercial or Fix & Flips. History. Established in 2010.
All California Lending Hard Money Loans. All California Lending is your source for California hard money loans. We specialize in these types of transactions – with years of experience, hard money lending and commercial loans are all we do. For hard money lenders equity is the most important factor when making lending decisions.
Vanguard Hard Money provides hard money financing for Southern california. loan programs that help investors purchase and rehab properties. Loans based on the after repair value.
LendingOne – Hard Money lenders in California LendingOne is a private money lender offering short-term mortgage loans to real estate investors for investment properties across the state of California.
A hard money loan is a specific type of asset-based financing where a borrower receives funds secured by equity in real estate. A California hard money lender like Source Capital is mainly focused on the equity in real estate as opposed to borrower credit and financials.
Top 10 Hard Money Lenders The lender believes that these efforts could change the way that property investors utilize commercial hard money lenders loan terms The 10-year lending program gives borrowers the ability to acquire.
California Hard Money Loan – If you are looking for an easy mortgage refinance, then we can help. Find out how much you can save today.