While we help with private money throughout the state of California, we work with a lot of investors and private equity groups based in and around the Sacramento area. As such, we have access to a lot of capital. On Sacramento hard money loans, for purchase or refinance, we can often times put together transactions with aggressive loan to value ratios and pricing options.
There are many different types of loans that we work with. Most property types are acceptable. This includes residential and commercial properties. It also includes more unique property types - land, properties in need of funding mid construction, cannabis related properties and more. We have the ability to think outside the box - especially in the Sacramento area.
Recently we were able to fund an acquisition of a single family residence in Sacramento with no money down. The seller had to move out of state and was motivated. The property had some un-permitted additions made, which likely contributed to the difficulty in getting it sold quickly. Our client was able to negotiate a 30% seller carry back, and we were able to secure a 70% first deed of trust to close at 100% financing.
Another example of creative financing in Sacramento was the acquisition of a strip mall with a very short closing window. Our borrower had the property under contract, but other financing options had fallen through. The seller had multiple offers, and needed to close by a deadline due to another investment that was closing contingent up on the sale of the strip center. We were able to bring funding to the table and close with no appraisal in a matter of days.
Recently we have been active with hard money cannabis loans in Sacramento. Sacramento is one of the more friendly cities to cannabis businesses, with an established green zone. We understand the cash heavy nature of the business, and have some financing options that are more aggressive than many other cannabis hard money lenders out there today. On properties of this nature, we can help secure funding for up to 65% of the value. This money can be used for property improvements, business expansion, ongoing operations and more.
You can learn more about our Sacramento hard money loan products by visiting our local hard money page here. If you have a transaction or question about our programs, please call and we are always happy to discuss the options we can provide.
