Commercial hard money loans in California can provide a creative solution to any of the above challenges. Asset-based lending removes the borrower from the equation and simplifies and otherwise long lending process.
At Socotra Capital, we don’t lend on businesses, but on real estate instead. Typically, we lend approximately 50% of the purchase of the real estate. socotra capital is California and Nevada’s leader in residential and commercial real estate loans for purchasing and refinancing. Contact us today to apply for equity-based loans.
Hard money lenders offer alternative financing secured by real estate. We specialize in equity based lending in California, and can help secure hard money loans for most property types located within the state, including residential lending, commercial loans, land loans.
Our Mission: Fast, Friendly, and Reliable At Pacific Private Money, we strive to provide best-in-class alternative financing solutions for real estate transactions in California. Our goal is to not only produce above-market returns, but also deliver safety and security features not found in traditional investments. All of our loans are funded through private capital -.
A hard money loan is a real estate-backed loan where a borrower receives funds secured by equity in their property (or properties). Hard money lenders like Wilshire Quinn are mainly focused on the equity in the property as opposed to borrower credit and financials.
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.
Private Money Lenders in Los Angeles, CA for Corporations and Real Estates PB Financial Group Corporation is a direct California Hard Money / Private Money Lender on Residential and Commercial Properties that provides fast, flexible, asset-based lending for borrowers, corporations, and estates that do not meet the stringent requirements of conventional underwriting guidelines.
How To Get Into Hard Money Lending Hard Money California California hard money direct – Welcome to California Hard Money Direct We are your source for fast, reliable real estate hard money loans. Considered by many to be one of the best hard money lenders in the state of California.Interest rates for hard money loans range from 10 – 15% depending on the specific lender and the perceived risk of the loan. Points can range anywhere from 2 – 4% of the total amount loaned. The interest rates and points may vary greatly depending on the loan to value ratio.
LendingHome issued $438 million of hard money loans in California last year which makes up 20% of the fix-and-flip bridge loans in the state.* We offer competitive hard money loan terms up to 90% of the purchase price, up to 125% rehabilitation with holdback, and fund up to $1 million per deal or $5 million across multiple deals.
Hard Money Land Loans California Land loans contain more risk since the property is unimproved and does not produce rental income. Due to this increased risk, land loan rates are higher and have a lower loan to value (LTV) ratio in order to protect the land loan lender.. hard money Land Loans in California