Hard Money Loans CA | Valor Lending Group
Are you an investor looking to get quick funding for a new investment property?
If so a hard money loan is the loan for you!
Hard money loans, also known as Bridge loans, Flip Loans, and Cross loans are a type of loan program that real estate investors usually use. It is not like a traditional loan, you cannot get one through just any conventional lender, most traditional lenders do not offer hard money loans. Private individuals or companies are what you will deal with instead of banks when using a hard money loan program. Going the hard money loan way generally is quicker and simpler for many borrowers, although it can be a quicker process the interest and fees will go up and it will be more costly.
Valor Lending Group has the right connections to get a hard money loan locked and loaded for you today.
Valor 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 11 months
- Max LTV of 75% on 1st TD | Max CLTV 65% on 2nd TD
- No Prepayment Penalty
- Interest Only starting in the 7’s
*Owner occupied for California Properties ONLY
Valor Investment Property | Non Owner Occupied:
Property being used as the borrowers investment property
- Terms 1 to 5 year
- 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 7’s
Valor 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 7’s
**no Appraisal Subject to lender discretion on a case by case basis
Advantages and Disadvantages of Hard Money Loans:
1) Pros of Hard Money Loans
- Speed – Streamlined Process – Faster than traditional loans
- Flexible temporary financing solutions
- Viable option to finance rehab and value add projects
- Less focused on credit history
- Minimal documentation and asset verification
- Interest-Only Payments available
2) Cons of Hard Money Loans
- Larger down payment may be required
- Generally, more expensive than traditional loans
- Balloon payment requires good take out strategy (this is not a con for savvy investors!)
The Bottom Line
Hard money loans are a powerful tool for real estate investors. They are quick and flexible, providing same-as-cash purchasing power. Hard money loans are also the most viable option for financing renovations or other value add projects. If you would like to discuss your hard money options, please give us a call today.
Needs for Quote (email Stephan 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 | Hard Money Loans CA:
- Hard Money Loans
- Fix and Flip Loans
- Commercial Loans
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