Our California hard money commercial loans come in many shapes and sizes. We are able to help provide financing for most commercial property types, including small balance commercial loans, industrial property loans, mixed use loans, apartment building loans, strip mall loans and loans for other commercial property types or unique properties, including properties on leased land. We can assist with hard money loans for commercial property in California throughout the state!
Our main requirement for approval is acceptable loan to value based on comparable sales and/or NOI and cap rate. We do not require a property to be leased up prior to making a loan, and can lend on both owner user and leased property. We have private hard money commercial loan programs that do not require a specific debt service coverage ratio – for both acquisitions and refinances. Additionally, our California hard money commercial loans are not credit based; although we do need a credit report in our file, our approval is not based on credit score.
We can make loans to individuals or entities, whether an LLC, Corporation, Trust or other legal entity. Terms are negotiable, and our private hard money commercial loan terms can range from a short term bridge loan of 12 months all the way to a full 30 year fixed term.
While we are able to help secure financing regardless of credit score, for those with credit in the 640-650 range or higher we do have additional options available. Those programs can go as high as 75% loan to value on multi-unit, mixed use and commercial properties. Rates can be competitive with bank rates for those with higher credit scores, and we can provide options with minimal points charged. These programs are typically 30 year amortized loans that are fixed for a period of between 3-10 years. For California hard money commercial loans, this program is priced very competitively. We also have full 30 year fixed loans – with up to 10 year interest only options. With available rate buy downs, it is possible to get a 30 year fixed loan at bank rates – and with a lot less paperwork!
Our minimum hard money commercial loan amount is $50,000 and we have no upper limit for the right commercial deal. Regardless of the size of your loan request, you can always count on professional and personal service.
Call Us Today With Your Commercial Loan Inquiry – 877 462 3422
In addition to flexibility with regards to loan size, we are also flexible with property type. If the property has equity that falls within our loan to value guidelines, we can likely help secure a loan. Unique property types that we have financed in the past include bed and breakfasts, restaurants, bars, groups of condos, gas stations, churches, auto repair property and various types of land from raw to land that is fully entitled. If you are searching for a hard money commercial loan in California, give us a call today. We are always happy to discuss your scenario and options and chances are that if you have the equity in your property, we will have a loan option available to you.