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Oakland Hard Money Commercial Mixed Use Loan Funded

Chris Goulart

This property is located in Oakland.  The property is commercial mixed use, with 2500 sqft of commercial space downstairs and 2500 of residential space upstairs (2 units, 3 bed/2 bath each unit).  This particular property was in need of major rehab inside.  In many places the interior was down to the studs.  Our client needed an Oakland hard money commercial mixed use loan for a property not habitable at the time of purchase – and we were able to assist.

Oakland Commercial Hard Money TransactionOur borrower has extensive experience rehabbing properties, and had the funds available to complete the rehab himself.  The loan request was for 65% of the purchase price, and we were able to secure a five year term at an attractive rate on this property for our client.  Closing was very fast, and he was able to secure a great deal on a property with great future value.  Due to the location and the condition of the property, this would have been a difficult transaction for traditional funding sources to fund.  We were able to put together a hard money commercial loan for this Oakland property that met the needs of our client while at the same time being secure for the end investor.

Oakland Commercial Interior Rehab

With the track record of our client on past rehab transactions, the investor was secure in knowing that the property would be improved and his security through equity in the property would increase.  With a five year term, our client is secure in knowing that he has time to completely rehab the property and get it leased out so that it will start cash flowing.  This was a win-win transaction for our client and the end investor.

We can assist with many different types of hard money loans in Oakland and the surrounding areas.  In addition to commercial mixed use loans, we can also help with residential, land and even cannabis related fundings.  Loan to value ratios on some of the hard money loan products we have access to can reach as high as 80%.  Additionally, we can structure cash out loans with no seasoning of the property.  For construction and rehab loans, we also can help with ARV based loans.  Call us today for information about how we can meet your funding needs – 877 462 3422.

 

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 services.read 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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