California hard money loans are our speciality – we can help finance your residential hard money loan request in most locations of California. Each residential transaction is different, and it is important for us to know the purpose of the loan. While the main approval factor on residential hard money lending is still the equity available in the property, the paperwork required will differ depending on the use of funds.
For short term rehab lending on residential property here in California we will need not only the property information, but also a full breakdown of the rehab work to be done as well as comps to support an as complete or after repair value. Typically speaking, a rehab loan will be made based on the after repair value, or ARV. Rehab lending is a special segment of our residential products visit our rehab loans page to learn in detail about those programs.
In addition to rehab lending, we also make hard money residential loans for purchase, refinance and cash out transactions. If you own rental property in California and need a hard money lender, give us a call – we can likely help. We can help lend on single family residences, condos, townhomes – even manufactured homes if they are on a permanent foundation.
Location is typically not an issue for us either. We are able to lend in most locations in California. Whether the property is located in a city such as San Francisco or Los Angeles, in the Central Valley, the High Desert or the North Coast, we have investors available. Again, our residential lending is equity based, so even if your tenant has moved out and the property is not currently rented, we can help. Need money for repairs so you can rent the property or ready it for sale? We can help with that too.
Call us today and we will be happy to talk with you about your particular property and how we can help with regards to financing. Rates and terms can vary anywhere from the 7-9% range for low loan to value transactions in excellent locations up to the 9-12% range or more for more aggressive transactions in less desirable locations.