A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued by private investors or companies. Interest rates are typically higher than conventional commercial or residential property loans because of the shorter loan durations associated with hard money loans.
We fund 1st and 2nd mortgages on residential and commercial properties located in California only. Approval requirements are based solely on equity in a property and the purpose for the loan.
We specialize in loans ranging from $50,000 to $5,000,000.
We lend primarily in the following California markets: San Diego County, Orange County, Los Angeles County, Ventura County, Riverside County, San Bernardino County, Santa Barbara County, Santa Cruz County, Sacramento County, San Francisco Bay Area, Santa Clara County, Monterrey County, Central Valley, Newport Beach, Corona Del Mar, Huntington Beach, Del Mar, Rancho Santa Fe, La Jolla, Encinitas, Solana Beach, Carlsbad, Oceanside, Coronado, Point Loma, Dana Point, Laguna Beach, San Clemente, Manhattan Beach, Santa Monica, Hermosa Beach, San Jose, Calabasas, Hollywood, Thousand Oaks, Encino, Sherman Oaks, Glendale, Burbank, Pasadena, Oxnard, etc.
All of our loans are funded by our private investors.
We are confident that we are able to offer some of the lowest rates and fees in the hard money industry and we will match or beat any bona fide offer from a licensed private lender if possible. However, we are unable to advertise interest rates on our website.
We do not fund any student loans, car loans, unsecured loans, mobile or manufactured home loans, consumer loans, development loans, land or lot loans, construction loans, gas stations, churches, rural properties or loans on properties outside of California.
Yes. We charge an origination fee that typically starts from 1.75 points or percent of the gross loan amount. Our origination fees vary based on the quality and type of property, location, loan term, loan amount, loan to value and the borrower’s credit worthiness.
Yes. We are exclusively concerned with the equity in the property and the purpose for the loan.
No. If you own or are purchasing a property in California and need private money financing give us the opportunity to assist you. We typically pre-approve loans within 24 hours and have funded in as little as 3 days. See our Borrowers page for more information or feel free to call our office with any questions (858) 764-4436.