california hard money: California Hard Money Loans for Rehab and Construction Completion
- 12/13/23 12:30 PM
There are a number of scenarios where you may be looking for California hard money rehab loans for rehab and construction completion. You may be purchasing a property that you intend to flip. You may own a property that you want to ready for sale. You may even own a home that you want to improve or add an ADU. These are all scenarios where a hard money rehab loan could be a good resource.
For many investors, having cash on hand is paramount. Being able to leverage the maximum amount possible allows investors to retain more cash. This cash is important … (0 comments)
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california hard money: Private Hard Money Lending in California
- 04/04/23 09:59 AM
Private hard money lending in California is a popular funding source for real estate investors and business owners. These loans, which are typically provided by private individuals or companies, are secured by real estate and offer a more flexible alternative to traditional bank loans.
One of the main advantages of private hard money lending in California is its flexibility. Hard money lenders in California are often more willing to work with borrowers who have less than perfect credit or who are in unique financial situations. This can make it easier for borrowers to obtain the funding they need, even if they don't … (0 comments)
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california hard money: California Hard Money Bridge Loans for Acquisition Purposes
- 05/11/22 12:06 PM
I've specialized in California hard money loans for many years. While it is true that many hard money loans are for clients with credit issues, income documentation issues and other problems, there is also a place for these products for A-paper borrowers. One such niche area is California hard money bridge loans for acquisition purposes.
With how hot the real estate market has been, getting under contract and purchasing a new home can be tricky. Many potential buyers may not want to sell their home first and then find a new home to buy. Rather, it may be their preference to find … (2 comments)
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california 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)
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california hard money: Up To 90% of Purchase Price Hard Money Loans For California
- 03/15/16 05:22 AM
We specialize in California hard money loans, and are always looking to add products to our offerings. We recently have added a straight purchase loan that will finance as much as 90% of the purchase price on residential investment property in California.
While we have a wide range of products, including loans for rehab projects that base lending on the after repair value, or ARV, and long term (up to 30 years) programs, many investors are looking for the maximum leverage possible on a short term bridge loan situation. That is where we can offer up to 90% of purchase price … (0 comments)
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california hard money: Owner Occupied California Hard Money Loans
- 05/01/15 07:03 AM
There was a time not long ago where hard money lenders for owner occupied properties were nearly impossible to find. The real estate market had gone through a major crash and new regulations were being implemented, aimed at protecting consumers. While most of those regulations were written with more traditional types of lending in mind, the rules and regulations do apply to hard money loans as well.
As these rules have had time to settle in, more investors are feeling comfortable with their understanding of the regulations, which means money is starting to free up for owner occupied residential hard money loans to be … (1 comments)
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california hard money: California Apartment & Commercial Hard Money Lenders & Terms
- 03/04/15 07:49 AM
As the market continues to improve we are starting to see more aggressive lending products come to market. California hard money lenders are increasing loan to value ratios and lowering rates. One program that has been very popular will bring a 3-8 year fixed single digit interest rate to the table on loan to value ratios as high as 75%. This program is available for most apartment and mixed use commercial properties.
The requirements for these hard money loans do include credit requirements. A minimum 650 credit score is needed. No mortgage lates on the subject property or primary residence in … (0 comments)
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california hard money: California Construction Loans - Feasibility Study Benefits
- 02/09/15 06:29 AM
With the uptick in the real estate market we have also seen a resurgence in our hard money construction loans. We are getting many requests for ground up construction loans, construction completion loans and rehab loans for California properties these days. While the improving real estate market helps loosen financing to the point where people can obtain funding for their projects again, we do still see projects that fail for one reason or another. This brings us to our topic for today, the benefits of feasibility studies.
Even the best laid plans go wrong sometimes. With that being said, plans … (0 comments)
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california hard money: Hard Money Rehab Loans in California
- 12/01/14 01:46 AM
I am subscribed to an industry newsletter and was looking through it the other day when a stat jumped out at me. According to this story approximately 60% of home purchases in the past few years have been foreclosure, short sale or other distressed situations in which the property is sold in less then its best condition. This means there are a lot of properties that need work being sold. When investors purchase these types of properties, often times they do so with a hard money rehab loan.
Specializing in hard money rehab loans in California, we are able to assist … (2 comments)
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california hard money: A Walk Through The California Hard Money Loan Process
- 10/30/14 03:48 AM
Working as a California hard money loan specialist I deal with a lot of different and unique loan requests. In addition, the clients we work with are just as different and varied. A number of clients are working with hard money loans for the first time. While you can visit our website to learn about California hard money loans, I wanted to put something together that walks people through the process.
The first step in the process is the actual nuts and bolts of the transaction. We need to determine if the loan request fits with what we are able to obtain … (0 comments)
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california 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)
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california 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)
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california 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)
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california hard money: Real Estate Investors to the Rescue
- 10/01/12 09:25 AM
I do a lot of hard money financing for real estate investors in California and came across this great info-graphic today that I thought I would share. It has some interesting facts contained within and is worth a quick look. Of course if you fit the investor mold and are looking for California hard money lending for your investments, please give me a call and we can discuss how I may be able to help!
Infographic Courtesy of: BiggerPockets.com AND Memphis Invest … (0 comments)
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california hard money: Hard Money Loan Requirements – Loan to Value Ratio
- 09/04/12 07:43 AM
Obtaining a hard money loan is not as cumbersome with regards to requirements as obtaining a loan from a bank. The common misperception, however, is that there are no requirements when getting a hard money loan. In this post we will look at the main requirement that most hard money lenders consider when deciding to make a loan or not.
The first requirement any hard money lender will look at, and perhaps the most important one, is the loan to value ratio. The higher that ratio is, the more risk there is involved with making the loan. The equity in a … (2 comments)
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california hard money: California Real Estate Investors Target Short Sale Bargains
- 08/06/12 05:05 AM
Many of my clients are real estate investors, short term flippers who use our California hard money loans for rehab financing. Over the past 12 months, competition among real estate investors has heated up with regards to REO properties. One avenue a number of investors seem to be turning to is targeting short sales as a larger portion of their business.
Short sale properties for real estate investors are not as attractive as the bank owned properties are. Typically the time from offer to closing is longer, sometimes much longer, than it is on a straight bank owned property. With … (0 comments)
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california hard money: How to Get a Hard Money Loan
- 07/05/12 04:32 AM
With many qualified borrowers still getting turned down by the banks, more and more people are looking into how to get a hard money loan for their real estate transaction. The steps to getting a hard money loan are not difficult, and today we are going to look at the most common questions a lender has when underwriting a hard money loan request.
There are three basic questions that are going to be asked. What is the purpose of the loan, what is the collateral for the loan and how do you intend to pay off the loan. These are the … (0 comments)
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california hard money: California Owner Occupied Hard Money Loans
- 03/12/12 08:32 AM
Finding California owner occupied hard money lending has been difficult at best over the past few years. With all of the changes in the lending world, many hard money lenders simply stopped making owner occupied and/or consumer loans secured by 1-4 residential units. It has been only recently that we’ve started making these owner occupied hard money loans again, and I wanted to take a moment today to go over what we are able to help with.
Hard money loans are typically thought of as no-doc loans. That is not the case any longer, especially when talking about owner occupied or … (2 comments)
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california hard money: Owner Occupied Hard Money
- 04/21/11 06:15 AM
With recent changes being made in the lending industry, owner occupied hard money has become increasingly difficult to obtain. Many hard money lenders who had made these loans in the past have stopped, choosing to only make loans for investment or business purposes.
Residential hard money can take two basic forms these days, consumer and non consumer. The distinction between these two qualifiers is important, so today we’re going to touch on the differences.
Generally speaking, many hard money lenders are shying away from consumer loans. These are loans made to consumers, for consumer purposes. Owner occupied hard money … (0 comments)
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california hard money: Commercial Hard Money Loans
- 02/15/08 06:00 AM
Hard money commercial loans are a good option for many of today's borrowers. Many banks and institutions are putting greater restrictions on the commercial lending they will provide, and often times even the most well qualified borrower can have a tough time obtaining financing for their commercial property. If you are in this situation, you may want to look into a commercial hard money loan.
Commercial hard money loans come in many shapes and sizes. Depending on the investor, you will have different requirements. For most hard money loans, the main concern in making the loan is the loan to value. … (0 comments)
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There are a number of scenarios where you may be looking for California hard money rehab loans for rehab and construction completion. You may be purchasing a property that you intend to flip. You may own a property that you want to ready for sale. You may even own a home that you want to improve or add an ADU. These are all scenarios where a hard money rehab loan could be a good resource.
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