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Chris Goulart, Broker Associate, DRE Lic. # 01458390 NMLS Lic. # 298819 Bay Mountain Mortgage broker Lic. #01227690
Monterey County is a great area, and one where we have many investors who love to make loans. This transaction was secured by a fantastic looking home in Carmel. Our client was in need of business capital and we were able to secure some very attractive terms for him based on the property location and condition.
Due to a number of factors, bank financing was not an option. Our client needed the funds only for a finite period of time for a specific business purpose and we were able to put together a loan that made sense to both our client and the end investors on the loan. The funding was swift and uncomplicated and we were able to get him the cash needed to move forward.
The Monterey area is a fantastic part of California. For locations such as Monterey we have additional flexibility on our hard money lending guidelines. For low loan to value transactions we can be very aggressive on the rates, getting down into the single digits for most transactions with conservative loan to value ratios. For transactions that need more aggressive loan to value ratios we are able to push many deals up over the typical 65% loan to value ratio mark that we stick to in many other areas.
If you have a need for a hard money loan in Monterey or the surrounding areas, give us a call today to discuss how we can help. Whether the property is residential, commercial, industrial, multi-family or something more unique we love the Monterey area and will do our best to structure a loan that will fit your needs. Call us at 877 462 3422 or visit our website for more information on Monterey hard money loans.