rehab loans: 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)
rehab loans: 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)
rehab loans: 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)
rehab loans: Housing Market Surge Good & Bad For Fix and Flip Investors
- 09/03/13 09:06 AM
Specializing in hard money loans here in California I naturally see a lot of fix and flip transactions. These are deals where a distressed property is purchased for less than market value, the investor rehabs the property to increase the value, give it some curb appeal and/or bring it up to snuff so it can qualify for conventional financing, then sells the property for a profit. With the recent uptick in real estate activity, many of my real estate investors are seeing their finished properties fly off the market with multiple offers. Getting a property sold quickly is key in these … (0 comments)
rehab loans: Equity Partners and Hard Money for Real Estate Fix & Flip Investors
- 04/24/13 03:50 AM
For many real estate investors capital is the limiting factor on what, where and how many properties they can purchase. There are a number of ways to leverage the capital available in order to maximize your purchasing power, but two of the most common are through the use of equity partners and/or hard money loans. Equity partners are people or groups who will partner with an investor on a project, bringing the cash needed to the table in exchange for equity participation and/or a flat or annualized rate of return. Most equity partners are going to want some kind of participation. … (0 comments)
rehab loans: 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)
rehab loans: The Importance of an Accurate After Repair Value
- 01/23/12 09:43 AM
There are a great deal of new investors looking to get into the fix and flip business. We do rehab loans for these types of transactions, and work with new investors on a regular basis. While we have a lot of successful investors we have worked with, one pitfall they must avoid is using an overly aggressive after repair value for their base assumptions. A good after repair value, or ARV, should give an accurate representation of what the property is actually going to sell for once the rehab is complete. This value needs to be accurate, as all other numbers will be … (1 comments)
rehab loans: 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)
rehab loans: Hard Money Rehab Loans
- 05/26/11 11:06 AM
For real estate investors just starting out, or for those looking for additional leverage, hard money rehab loans have a lot to offer. Typically, these hard money rehab loans are short term, maybe 12 months in length. For those able to obtain this type of financing and pair it with an equity partner or gap financing, the ability to purchase rehab property with zero cash out of pocket is realistic. These equity partners, or gap financiers, can typically take anywhere from 20-50% return on their money. Sometimes this is in conjunction with participation in the project (a percentage of the profit) … (2 comments)
rehab loans: Fix and Flip Loans
- 03/03/11 09:50 AM
Fix and flip loans are a great vehicle for real estate investors these days. With the number of foreclosures and bank owned properties still at or near all time highs in many locations throughout California, opportunity is there for investors to profit. Fix and flip loans are typically short term loans that incorporate funds to cover interest payments for 4-6 months and have a builders control account that can be drawn on to rehab the subject property. These days, our fix and flip loans are funding to 60% of the after repair value. Regardless of the after repair value, however, fix … (1 comments)
rehab loans: 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)
rehab loans: Rehab Loans - 100% Hard Money Rehab Loans Do Exist
- 02/17/08 03:50 AM
With the downturn of the real estate market, I get a lot of inquiries into acquisition and rehab loans. No money down, no cash out of pocket for the rehab, can you use the appraised value of the property and finance everything else? Well, yes I can. Now before you get excited, let me tell you that in order to make this rehab loan a reality, there are some stringent qualifications. A borrower with a 500 credit score, recent bankruptcy and no money to their name is not going to qualify for a 100% rehab loan. Not a chance. A good credit … (2 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
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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