Contra Costa Hard Money Loan – Multi-Family

Chris Goulart

This property is a multi-family property located in Contra Costa County.  Our client needed to refinance the existing debt on the property as well as pull out some additional cash in order to purchase another investment property.  The subject property is located within 20 minutes of our offices, making this Contra Costa hard money loan request very attractive to us and our investors.

This property had been acquired a few years earlier and our client had put money into the property to improve it and get it fully rented.  Even though our new loan was going to be cashing out most of the cash our client had put down on the property, the additional cash spent improving it and the market appreciation of value enabled us to make an aggressive loan amount.

In addition to the value increase, the property was fully rented and the debt service covered the payments due on the loan.  Our client needed this transaction to happen quickly so the new investment opportunity could be taken advantage of.  We were able to perform very fast and keep the paperwork required to a minimum.

On multi-family hard money loans here in California we are typically able to finance up to 65% of the value of the property.  For purchases we can often times go as high as 75% loan to value, especially if the property is leased up and/or in a desirable area.  We can lend on 1-4 units as well as larger apartment buildings.  In addition, our hard money lenders base their decisions on the property value rather than requiring a minimum debt coverage ratio.  This means we can help with many multi-family and apartment hard money loans here in California, even distressed properties or properties that are completely vacant.

If you have a hard money scenario you would like to discuss, please call us today at 877 462 3422.  If you would prefer, you can visit our lending pages to learn more about hard money apartment loans or multi-family hard money loans.

Google Users Reviews

Roseanne Baker
Roseanne Baker
18:45 07 Sep 18
Chris is extremely professional, is a hard worker, always responds back to my emails/calls promptly, and is an expert as what he does. I will definitely recommend him to anyone that is looking for lending services and I will continue to use him for all of my lending needs in the future. You will not be disappointed with his more
lorraine pitre
lorraine pitre
18:44 07 Jun 17
I used All California Lending to provide me with a hard money loan. My loan representative was Chris Goulart. I needed the loan to close in 15 days. Mr. Goulart was able to close the loan in the time frame expected. Several things I admired about Mr. Goulart was that he had great communication via email, text and/or verbal. He was always available. I was even out of the country while he was processing the loan. I came back and the loan was completed. 5 Stars!!!read more
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