Hard Money Lenders California

Buying a new house or a plot of land may not look to be different to a lot of people.  Both purchases would be referred to as purchasing property; however, there’re differences which should be taken into account while seeking loans. Home loans are available for properties that are under construction, need rehab or are complete turnkey structures, whereas land loans are accessible for buying a plot of land for building a home or for investment purpose. Here in this blog, we will discuss about the difference between a home loan and a land loan in California . Location of properties & purpose: You can get home loans for turnkey properties, properties under construction or properties in need of rehab, major or minor. You can also get land loans for the purchase of raw, regardless of whether the land is residential, commercial, industrial or has another purpose. Loan to value ratio (LTV)/loan to cost ratio (LCR): Loan to value/loan to cost ratio is ...

Commercial lending in California has become a very popular approach for funding new business property acquisition. What has made them so popular is the advantages they offer over other forms of property acquisition. Typically speaking, the commercial lending approach comes with market interest rates and flexible terms for payment. Such loans become extremely useful during tough economic conditions. For properties that are cash flowing, these loans offer a great way to leverage the equity you may have in your commercial property. A commercial loan is secured by your commercial real estate. These secured loans typically come with better terms and an unsecured business loan might. Hera are some of the main advantages of commercial lending in California so that you can decide if it is the right option for you or not! Flexibility – If you are a business owner you will have various loan and term options depending upon your funding requirements. Loan terms can be...

What are hard money loans? Hard money loans are loans that are funded by private investors instead of the traditional banks. They are also often referred to as private money loans. Such loans are provided on the basis of the value of property rather than the credit score or financial history of a borrower. Typically the loan amount is determined by the loan-to-value ratio (LTV) which means the loan amount is divided by the value of the property which is to be used as a security. Although California hard money loans are easier and faster to obtain compared to the more traditional bank loans, the borrower still has to go through an underwriting process and qualify for specific terms. Why to consider a hard money loan? Various scenarios may provide reasons for borrowers to opt for hard money loans instead of the conventional loans from the banks.  A few are as follows – When you have a property investment deal in hand but you do not have ample time to go thr...