Top California Hard Money Hard money loans are an alternative to traditional bank lending that allows flexibility and expediency. Hard money lenders and hard money loans are not required to conform to the same guidelines as traditional financing, such as the standardized Fannie Mae and Freddie Mac underwriting guidelines for loans to be repackaged and sold on Wall Street. Put simply, a hard money loan is a loan that is secured by a “hard” asset – i.e., real property.
Top California Hard Money
Bridge Owner Occupied:
Do you need to pull cash out of your primary residence for a business purpose?
- Property being used as the borrower primary residence
- Terms of up to 24 months
- Max LTV of 75% on 1st TD | Max CLTV 65% on 2nd TD
- No Prepayment Penalty
- Interest Only starting in the 9s
*Owner occupied for California Properties ONLY
Investment Property | Non owner occupied:
Property being used as the borrowers investment property
- Terms of up to 24 months
- Max LTV of 80% | note: Are you buying below market value? We can use the higher “as is” value with as little as 10% down!
- No Prepayment Penalty
- Interest Only starting in the 7s
- No Taxes or W-2’s
Cross- Collateral Loan:
Do you have a portfolio with properties that have available equity?
- Leverage for 100% financing when crossing other real estate owned at 65% CLT for 100% Financing
- Terms of 1-2 years
- Max CLTV of 65%
- No Prepayment Penalty
- Interest Only starting in the 9s
**No Appraisal Subject to lender discretion on a case by case basis
Needs for Quote (email Adam the following):
- Property Address:
- Purchase Price (for Purchase):
- Property “as is” Value:
- Current Balance (for Refinance):
- Total Monthly Rents (confirm if long term or short term Airbnb leases):
- Monthly Taxes and Insurance:
- Approx Credit Score:
- Vesting in and Entity or Individual name:
Other Programs Available | San Diego Hard Money Loans
- Hard Money Loans
- Fix and Flip Loans
- Commercial Loans
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