All California Lending Logo

San Bernardino Hard Money Loan

Chris Goulart

This San Bernardino hard money loan was closed very quickly on a three-year term.  The borrower was an LLC that has been acquiring properties to hold for rental income.  The goal of this transaction was to take cash out of one of their free and clear properties in order to obtain further leverage for additional acquisitions.


One of the main concerns on this transaction was speed, they needed cash quickly as they had a buying opportunity they did not want to miss.  We did require an appraisal on the property, but were able to close shortly after the report came in.  The loan was written at 10.99% and was interest only.  The rental income more than covered the interest payments due, making this a win-win for the end investor and the borrower.

When a deal makes sense we are able to move very quickly to help close it.  With access to multiple sources of funds we are able to help provide hard money lending in most areas and for most property types within California.  While we do not require a specific debt coverage ratio on our deals, when the income a property generates will cover or exceed our loan payments due it makes for a very smooth closing.

If you have been searching for a hard money lender and need funding secured by a property located within California, please give us a call.  We are happy to discuss your scenario and the options we can provide.  If you prefer, you can read more about what types of loans we offer on our California hard money page.

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.