Hard money lenders are private individuals or small firm
that lend money based on the property that an individual is buying and it is
not your credit score. These loans will cost you more than an average loan.
Developers among other will use it to fund deals as you can borrow up to 100%
of your purchase price. On the other, hand hard money lenders will suggest you
to back up your loan with the real assets. If you know you can buy a property
and turn it quickly at huge profit, and you cannot get a standard mortgage. It
would be one way; most of the investors use hard money to get into the property
having some quick fixes to raise their property value.
The good thing about California Hard Money Lender is
that the loan is normally not based on credit score (like local lenders) or at
least not on your credit worthiness (i.e. assets and income), now you can
receive funding within a matter of days (normally about 7-14 days) rather than
over a month, and you can get a loan on any piece of junk that you find. You
also are not normally dealing with a processing team. You deal directly with an
individual lender. If he or she says yes, then you have the loan. This is an
advantage over, going through an entire process of loan committee or
underwriting process.
Recently
Funded Properties
Here is a list of recently funded properties
 |
| Monterey, CA |
Monterey, CA-$400,000
Monterey, CA-$400,000 loan amount. 2nd mortgage
35% CLTV. $400,000 loan amount for
business use cash-out. |
| Atherton, CA |
Atherton, CA-$4,000,000
Atherton, CA-$4,000,000 loan amount. 1st Mortgage.
65% LTV. $4,000,000 loan amount for
business use cash-out. |
| Atherton, CA |
Atherton, CA-$585,000
Atherton, CA-$585,000 loan amount. 2nd Mortgage.
30% CLTV. $585,000 loan amount for
business use cash-out |
| Atherton, CA |
Atherton, CA – $2,400,000
Atherton, CA-2.4 million loan amount. 1st Mortgage. 60% LTV
2.4 million loan amount for
purchase of SFR development/rehab project. |
| Marin County, CA |
Marin County, CA – $300,000
Marin County, CA-$300,000 dollar loan amount. 2nd mortgage.
40% CLTV $300,000 loan
amount for debt consolidation and tenant improvements. |
| Menlo Park, CA |
Menlo Park, CA – $500,000
Menlo Park, CA-$500,000 dollar loan amount. 1st mortgage.
25% LTV $500,000 loan amount
for rehab and development project. |
| Daly City, CA |
Daly City, CA – $500,000
Daly City, CA- $500,000 dollar loan amount. 1st mortgage. 55% LTV $500,000 loan amount for purchase of SFR rehab project.
 |
| Palo Alto, CA |
Palo Alto, CA – $900,000
Palo Alto, CA-900,000 loan amount. 2nd Mortgage. 50% LTV on
Non Flagged Hotel.
 |
| Orinda, CA |
Orinda, CA –
$945,000
Orinda, CA-945,000 loan amount. 1st Mortgage. 70% LTV on SFR
rehab project.
 |
| San Joaquin County, CA |
San Joaquin County, CA – $1,100,000
San Joaquin County, CA- 1.1 million loan amount. 1st
Mortgage. 60% LTV 1.1 loan amount on
stabilization of 87 Unit Mobile Home Park. |
| San Francisco, CA |
San Francisco, CA – $2,000,000
San Francisco, CA- 2 million dollar loan amount. 1st
mortgage. 50% LTV 2 million dollar loan
amounts for purchase of SFR rehab
project
For more information feel free to Contact Us
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