ca hard money: Utilizing Local Hard Money Lenders
- 01/31/20 11:21 AM
Hard money lenders fill a gap in the financing sector where the larger, more institutional money does not fund. While that is true for hard money in general, there are many different shades of hard money sources to consider. Depending on the project, sometimes it is important to utilize local hard money lenders rather than the larger firms that operate on a national level. There are many hard money lenders these days funding nationally. Online crowd funding sources, large pools that are well capitalized and other sources that can be viewed as semi-institutional. On the other end of the spectrum, you still have … (0 comments)
ca hard money: High LTV California Hard Money Bridge Loans
- 11/17/15 07:47 AM
Many potential clients call asking for loan products that can help them leverage their existing cash. Many want to leverage their cash as much as possible by borrowing at the highest loan to value. We have a number of aggressive products for real estate investors, many of which are based on as complete or after repair values. In addition, we are now able to put together highly leveraged bridge loans based on the current value, sometimes going as high as 85% loan to value on short term hard money refinances, and potentially as high as 90% on short term purchases. Our high … (0 comments)
ca hard money: California Hard Money Apartment Loans
- 03/30/15 08:45 AM
Specializing in California hard money loans I have a pretty good pulse on the products that are available these days. Recently we have gained access to a tremendous hard money apartment loan product that can bring rates in at the single digit level as well as fund up to 75% loan to value. With this combination of aggressive loan to value lending and excellent pricing with the interest rates this loan program has been very popular. While hard money lending is typically not based on credit, this specific program does have loose credit requirements. Generally speaking we need a credit score … (0 comments)
ca hard money: CA Hard Money Solutions For Leveraging Existing Property
- 02/10/14 07:57 AM
The real estate market here in California has seen a nice run over the past couple of years. Prices have been appreciating after a sustained downturn in real estate prices. This appreciation has created equity for many real estate investors that can be used to acquire additional properties. Using funds in this manner is called leveraging, and our CA hard money loans are one way to tap that equity. While real estate prices have been increasing, bank lending has continued to tighten up. This is especially true for loans to investors and self employed individuals. While many investors now have equity … (0 comments)
ca hard money: Credit Requirements for Hard Money Loans
- 02/05/13 01:04 AM
I specialize in hard money loans here in California. With the turmoil in the financial and real estate markets many people are looking for hard money who have not needed it in the past. In addition, people who have used hard money in the past are expecting the requirements to be the same now as they were ten years ago. Today I’m going to take a look at credit requirements for hard money loans. Perhaps the biggest misconception that people have about hard money loans is that they require no documentation or credit checks on the borrower. It is true that … (0 comments)
ca hard money: CA Hard Money Loans – Overview and Guidelines
- 10/24/12 03:52 AM
I specialize in CA hard money loans. In talking with potential clients every day, there is a misperception about hard money these days. In this post I am going to look at hard money loan guidelines for today, and give a quick overview on why things have changed. It was not long ago that hard money loans were quick, easy and aggressive. 80% financing with hard money was not uncommon. No documentation was the rule rather than the exception, and appraisals were taken at face value. Then the market crashed and things changed. Many investors lost a lot of money when … (0 comments)
Hard money loans are an alternative form of financing. We explore the real estate world and options that hard money lenders can bring to the table.
Chris Goulart, DRE Lic. # 01458390 NMLS Lic. # 298819 DWJ CA Broker Lic. # 01180522
Hard money lenders fill a gap in the financing sector where the larger, more institutional money does not fund. While that is true for hard money in general, there are many different shades of hard money sources to consider. Depending on the project, sometimes it is important to utilize local hard money lenders rather than the larger firms that operate on a national level.
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