Hard Money Lenders California

Investing in real estate? Looking for hard money lenders? When it comes to hard money lending, people often debate on whether to request a loan from a national or local lender. Are you confused about the benefits of local hard money lenders as well? Then you need to understand that using a local hard money lender has numerous benefits over choosing a national hard money lender. If you are in Los Angeles then you really should be looking for hard money lenders in Los Angeles and not in the entire US! The reasons why to use local hard money lenders in Los Angeles – You get a more personalized attention Usually, the local hard money lenders are small business owners whom you can contact directly and talk to them face-to-face. You can get to know them, and they will get to know your situation and scenario better. The lender will also offer a more personalized attention to your loan request. On the contrary, when you apply for a loan with a nationalized lender, the ri...

Hard money loans can be very beneficial for real estate investors looking to expand and grow their business. However, finding the right lender can be challenging. While looking for a hard money lender one should look for a firm that specializes in hard money loans, check to ensure they are fully licensed, understand the parameters of their guideline LTV ratio and be sure they are willing to spend the time to offer direct one on one personal service. Are you looking for a reliable lender for hard money loan in Los Angeles County? Then check out the following top four hard money lenders of Los Angeles County below and choose the one you find suitable for your need. 1.       PB Financial Group Corp https://www.calhardmoney.com/ PB Financial Group Corp. is an equity-based hard money lender that provides loans for real estate properties. They offer loans to investors, corporations, rehabbers, probate estates, and subprime money borrowers who do no...

Are you purchasing a new property or planning to refinance your existing property in California? And you are looking for commercial lending? Then you must be aware of the new laws that have been adopted by the state to make commercial financing transactions safe for all. Commercial lending in California is changing with time. The stakes on commercial lending compliance duties in California has again been raised. A new law has recently been adopted by the Golden State that requires non-bank lenders and intermediaries to offer special disclosures to commercial loan borrowers for certain types of commercial finance arrangements. The new California commercial lending laws are applied to commercial financing of $500,000 or less made to a borrower who plans to use it for purposes other than personal and household purposes. The commercial financing here includes asset-based lending transactions, commercial loans, lease financing transactions, commercial op...

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...