All California Lending Logo
Oakland Hard Money

Oakland Hard Money Loan Funding to 80% LTV

Chris Goulart

This recent Oakland hard money loan funding to 80% LTV closed with cash out for property improvements.  We were able to help our client with an aggressive, short term loan for property improvements with no fund control account for the work to be done.

This property is located in Oakland.  Our client owned this investment duplex and as part of a family settlement needed to sell it.  In order to get to dollar for the property, various improvements were needed prior to putting it on the market.  We were brought in due to the high level of leverage being requested.  The borrower needed about 80%  of the value of the property in order to do the renovations suggested by his realtor.

The comps in this area were challenging to be able to do this on a traditional ARV type of product.  In addition, our ARV products typically cap out at about 65% of completed value, and are more expensive than our as is value products.  With the spread between ARV and as is value on this one, it made a lot more sense to do an aggressive as is loan rather than the more costly rehab loan.

We were able to structure a short term bridge loan with a single digit interest rate, interest only, at 80% of the as is value of the property.  This allowed for us to include an interest reserve, so no out of pocket payments were due for the first portion of the loan term, as well as net the borrower enough cash out to complete the renovations.  In addition, by not requiring a fund control account, the borrower was able to take all cash at closing.  The benefit of this is that he was able to get the repairs done on his schedule with his contractor, rather than requesting draws and dealing with any delays dealing with that process.

If you are looking for an Oakland hard money loan funding to 80% LTV, or a high leverage hard money loan anywhere in California, give us a call today.   We have a number of higher loan to value products to help leverage your investments.  These programs are mostly experience driven, with a small portion credit based.  With a brief phone call we can typically give you a good idea of how we can help.  Call today – 877 462 3422, or visit our main site for more information about our California hard money loans.

Chris Goulart specializes in creative private money solutions secured by real estate throughout California. The private hard money loans he works with are typically funded by individuals and groups outside the more traditional banking industry. He has specialized in private hard money loans for over a decade and is fully licensed both at the state level, through the DRE, as well as the national level, through the NMLS.


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
See All Reviews

Recent Posts