Alameda County is pretty unique. Directly across the bay from San Francisco, Alameda County is centrally located in the SF Bay Area. Oakland is a dynamic city, at the forefront of the emerging cannabis industry. Berkeley has very unique pockets of real estate, from entry level and rentals to high end homes in the hills with fantastic views. This county is very diverse. Being local, we understand the nuances of the area and have access to a wide range of capital sources for Alameda County hard money loans.
While we are able to help with hard money loans throughout California, Alameda County is right in our backyard. We have many investor relationships in the area who want to be able to drive to the property they are going to make a loan on. As such, we have a wide range of programs to help finance situations where the banks are not an option.
Loan to value ratios can go as high as 80% on equity based hard money loans in Alameda County. We can assist with this type of leverage for both purchases as well as refinances - including cash out transactions. These are investor based loans, and are often times used by flippers. They can be used to acquire the property at a high leverage point, or to refinance a property where rehab has been completed and funds need to be accessed prior to the sale.
For rehabbers, we also have various hard money rehab loan programs. Rates and terms can vary greatly depending on experience, and for the most experienced investors we have access to funding at very attractive rates. With the cannabis industry heating up, we are also able to assist in the financing of cannabis based properties. Hard money cannabis loans in the San Francisco Bay Area can help finance acquisition as well as licensing, improvements and more.
Most of these Alameda County hard money loans are interest only loans. Terms can range, typically from one to five years. We do have the ability to put together financing for longer terms as well if it makes sense. Any property type is ok - from residential, commercial, mixed-use and industrial to land, construction, cannabis, special use and more.
We are able to help with loans in first position, as well as second and even third position. We work with all levels of credit, and investors of all types - from beginner to well seasoned. We can work with subordinate financing, seller carry back situations - even JV or gap funding scenarios.
If you are looking for a creative solution to your financing needs, give us a call at 877 462 3422. We are happy to discuss the options we can provide. Our Alameda County hard money loans can be a great solution - and while hard money loans are not cheap, they are typically much less expensive than taking on a partner!