hard money lenders: 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)
hard money lenders: 80% LTV Hard Money Loans in California
- 07/23/18 12:07 PM
For investors looking for higher leverage, we have some new programs available on our hard money products. Our 80% LTV hard money loans in California offer some of the highest private money leverage available for both purchases and refinances. These products offer true 80% LTV hard money loans for refinance. Cash out is available, and the process is swift and uncomplicated. Depending on whether title is held under an LLC, Corporation or personally, there are some credit requirements as well as experience requirements. For investors with some experience, the credit requirements are loosened. For investors with good credit, experience requirements are loosened. For … (1 comments)
hard money lenders: California Hard Money Loans to 80% LTV
- 08/11/15 05:03 AM
Hard money lending has been changing over the past few years. As the market improves, the loan products we are able to offer have also improved. One of the biggest improvements has to do with max loan to value ratios on individual properties. Only a couple years ago we were capping loan to value ratios at 60-65%, but today we have California hard money loans that can go as high as 80% loan to value! Not every loan will qualify for an 80% LTV, that is the top of the mark for us right now, but many loans we are seeing will … (2 comments)
hard money lenders: 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)
hard money lenders: 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)
hard money lenders: Alternative Financing Options With Hard Money
- 08/09/11 06:39 AM
These days financing for real estate transactions can be a challenge. The banks have tightened their lending standards to the point where even quality borrowers may be unable to obtain the loans they need. This is compounded further among the smaller community banks, which make a lot of the local commercial, mixed use and other real estate loans that are not secured by an owner occupied single family residence. For those with financing issues, a potential alternative is hard money. There are both pros and cons to using hard money. The benefits include looser qualification standards. For non consumer loans, often … (1 comments)
hard money lenders: 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)
hard money lenders: What is Hard Money?
- 03/04/11 05:21 AM
Due to the current financial conditions, credit is becoming increasingly hard to come by. Many individuals who used to be able to walk into any bank and get a loan to meet their needs are now finding that there may not be any banks willing to lend to them, despite excellent credit scores and strong financials. This is especially true for real estate investors, and in particular residential real estate investors. Individuals who own too many properties (some banks may determine 4 properties too many, some as high as 10) may have a hard time obtaining any kind of financing to … (0 comments)
hard money lenders: Hard Money Loans - 100% Acquisition and Rehab Loans
- 10/13/08 06:03 PM
Hard money loans are a good way to take advantage of the opportunities created by the downturn in today's housing market. I get a lot of calls from real estate investors looking for hard money loans to purchase and rehab property they can purchase below market value. Many are looking for 100% financing, which is a tough thing to find in today's lending climate. With that being said, there are programs that do allow for 100% acquisition financing on these rehab transactions. The guidelines for these 100% acquisition and rehab loans are pretty straight forward. You will need cash or additional … (0 comments)
hard money lenders: Hard Money Lenders
- 07/23/08 05:17 AM
America is going through tough financial times; it is no secret that many Americans have fallen victim to unscrupulous lending practices and that the most important terms and conditions were not disclosed during the negotiation of a home loan. We are going through a financial bubble and because of reforms to lending practices home owners are desperate because they no longer qualify for new loans, either because of lower property values or more stringent lending guidelines. As the saying goes, desperate times call for desperate measures but, the measures that most people are taking are definitely not the best ones. A few … (0 comments)
hard money lenders: Hard money basics for today's market
- 06/13/08 12:14 PM
I deal almost exclusively with hard money lenders, working with both borrowers and brokers to match a particular transaction with an investor. In addition, I do have access to in house funds and serve as a direct hard money lender as well. This is my business, I do conventional loans for family, friends, referrals, but my main source of business is hard money. Hard money today is taking the place of what sub-prime used to be. The glaring difference, however, is the loan to value requirements. In today's hard money lending environment, 65% loan to value is typically the maximum you … (0 comments)
hard money lenders: 100% Financing Options On The Table With FHA
- 04/27/08 11:09 AM
With all the tightening guidelines, there is still one bright spot in the mortgage lending world. FHA loans are expanding their offerings, with higher conforming loan limits (see these higher conforming loan limits by California county here), down payment assistance programs and other legislation in the works to expand these programs, FHA loans are fast becoming the loans of choice. One of the largest benefits of FHA loans these days is the potential for 100% purchase financing. FHA loans cap out at 97% loan to value on a purchase, but with down payment assistance programs, and allowable seller credits up to … (0 comments)
hard money lenders: Direct Hard Money Lenders
- 04/10/08 05:34 PM
Looking for direct hard money lenders can be a difficult task if you have not already built the relationships this type of lending requires. It can be even more challenging to find the right fit if you are a borrower looking for a hard money loan. If you need a conventional loan, your choice of broker or representative probably will not impact your ability to obtain a loan. Conventional lenders advertise their rates and programs, underwriting is usually black and white, and any number of professionals can get the job done for you. The hard money lending environment, however, is a … (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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