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Hard Money Loans
Hard Money Lender, Private Loan Lenders California
California Private Money Loans can be used to help finance all your real estate needs. We have extensive experience in private money financing for commercial and residential real estate. We are a residential and commercial companythat can help you get a private money loan. In addition to being a direct private hard money lender we do capital calls to our multitude of private individual investors who specialize in funding private money loans in Los Angeles, CA San Francisco, CA San Diego, CA and all other metro areas of California. Our expertise is in funding residential and commercial hard money loans, we also service bridge, construction / rehab, and apartment loans. Your California Private Hard Money Lender.
Private Lending Services - REO California Hard Money Purchase Loans & Short Sale Loans Available!
Direct California Private Hard Money Loan - California Hard Money Loan Lender
Purchases & Refinances with Cash-Out
Low Documentation Loans
Apartment buildings 5+ units and Commercial Buildings
- Residential Rental Properties
No and low pre-payment options
6 to 60 Month Terms Available
All Property Types - Including Special Use, REO investor, etc.
Up to 75% Loan to Value
Loan Structures - California Private Money - California Hard Money
Hard money loans are real estate collateralized loans based on the sale value of the property against which the loan is made. Private money lenders generally only lend in 1st position. However, some hard money lenders will subordinate to another 1st lien position loan; these loans are known as second lien position loans.
Hard money lenders are most concerned with Loan-to-Value or LTV ratio and typically lend a maximum of 60-70% of the value of the property. Value is defined as 'today's sales price, the amount a hard money lender could expect to realize from the sale of the loan collateral/property in the event that the borrower defaults and the property would be sold in a 1-4 months' time. This 'value' differs from an MAI appraised value.
Hard Money - Private Money History
Hard Money is a term that is used in the United States and Canada where hard money loans are common. In California hard money developed as an alternative to bank loans. Hard money lending began in the 1950s when the credit industry in the US was under dreastic reformation. (see FDIC: Evaluating the Consumer Revolution).
The hard money industry had some set backs during the real estate crashes of the early 1980s and early 1990s due to lenders overestimating and funding properties at well over market value. Due to this it is typical for hard money lenders to be more conservative in their maximum lending limits, such as a 10% reduction in maximum LTV.
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