Hard Money Lenders California

Generally speaking people tend to think of direct investing when it comes to real estate investments i.e. either buying a property to fix and flip or hold it as long-term rental. So if you are planning to invest in real estate and looking for a lender offering California hard money direct services, then check out the following post that gathers a few basic questions to ask your hard money lender to evaluate their dependability. #1 – What is the market credibility of the lender? Taking hard money loans from a lender is equivalent to building a financial relationship with them. That is why before making any decision you need to review their experience and credibility in the market. Ask them about their years of experience in this field and number of loans they have funded. Have a thoughtful discussion upfront to ensure your chosen professional specializes in this type of financing and is able to communicate efficiently. #2 – What is the capital source of the le...

It’s not uncommon for a deal to make sense to a borrower, only to be turned down by the lender. There are many reasons a lender may decline a loan. We will look at the three most common reasons that almost every hard money lender gives for declining a loan even if the numbers on paper make sense. So what are those three reasons? Let’s find out below – Value Value is the top reason for a loan to be declined.  Borrowers typically believe their property is worth more than it really is.  It is important for real estate investors to avoid falling into this trap.  Step back and look at the deal through a third party point of view.  Try to poke holes in the value.  Drive by the property, drive by the comps, look and see if they are really comparable.  Are the neighborhoods comparable?  Are the homes comparable?  Try to make a case for the value being less – and when you find a deal where you cannot poke value holes then you kno...

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...