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Recent Fundings

Oakland Hard Money Loan Funding to 80% LTV

This recent Oakland hard money loan funding to 80% LTV closed with cash out for property improvements.  We were able to help our client with an aggressive, short term loan for property improvements with no fund control account for the work to be done.

This property is located in Oakland.  Our client owned this investment duplex and as part of a family settlement needed to sell it.  In order to get to dollar for the property, various improvements were needed prior to putting it on the market.  We were brought in due to the high level of leverage being requested.  The borrower needed about 80%  of the value of the property in order to do the renovations suggested by his realtor.

The comps in this area were challenging to be able to do this on a traditional ARV type of product.  In addition, our ARV products typically cap out at about 65% of completed value, and are more expensive than our as is value products.  With the spread between ARV and as is value on this one, it made a lot more sense to do an aggressive as is loan rather than the more costly rehab loan.

We were able to structure a short term bridge loan with a single digit interest rate, interest only, at 80% of the as is value of the property.  This allowed for us to include an interest reserve, so no out of pocket payments were due for the first portion of the loan term, as well as net the borrower enough cash out to complete the renovations.  In addition, by not requiring a fund control account, the borrower was able to take all cash at closing.  The benefit of this is that he was able to get the repairs done on his schedule with his contractor, rather than requesting draws and dealing with any delays dealing with that process.

If you are looking for an Oakland hard money loan funding to 80% LTV, or a high leverage hard money loan anywhere in California, give us a call today.   We have a number of higher loan to value products to help leverage your investments.  These programs are mostly experience driven, with a small portion credit based.  With a brief phone call we can typically give you a good idea of how we can help.  Call today – 877 462 3422, or visit our main site for more information about our California hard money loans.

Sacramento Commercial Hard Money Loan Funded

We are able to help with hard money loans throughout the state of California.  This recent Sacramento commercial hard money loan was funded for a client needing to close quickly on the acquisition of a strip mall.  Our client had the property locked up with multiple offers behind him.  We were able to put together the funding required quickly, using his existing appraisal and a simple site visit.

The property is located in the Sacramento area and is a strip mall.  The property was in need of upgrades and rehab, but the location was superb.  Occupancy was low, and our client was looking for an acquisition loan based on value alone.  He needed a fast acquisition loan in order to take title to the property prior to beginning his work to upgrade and improve the property.

He had tentative agreements in place with potential future tenants, but these were not required for our hard money loan to close.  His earnest money cash had gone hard, and failure to close on the acquisition would result in the lost of a substantial amount of cash.  In addition, the seller was under time constraints due to his situation, and there were a number of back up offers on the property.

From the time of the LOI being signed to the time of this Sacramento commercial hard money loan funding was less than two weeks on this multi-million dollar acquisition.

If you are in need of fast hard money lending in the state of California, give us a call.  We have many programs available for most property types throughout the state.  Regardless of loan size, we have options that can provide the funding solutions you seek.  Usually a brief phone conversation is all it takes for us to let you know how we can help.  Call us today at 877 462 3422, or visit our main page to learn more about our California hard money loans.

Marin Hard Money Construction Loans

We can help facilitate Marin hard money construction loans.  Located in the San Francisco Bay Area, Marin is one of the more desirable locations.  While the location is highly desirable, new construction can be a challenge to get local approval for.  We have experience working with construction loans in Marin and understand many of the challenges developers and builders can face in this area.

Our recent funding was for two adjacent lots, ground up construction.  The lots had been locked up under an option while our client got permits and approvals for the project.  By locking up the land under an option in this manner he was able to save a substantial amount of money on potential interest carry for the 12+ months it took to get approvals for work to start.  In addition, having plans and permits in hand can help us get more aggressive on the construction loan as it takes a large unknown out of the equation.

While having plans and permits in hand is not a requirement for our hard money construction loans, it is a benefit.  The entitlement process is one in which our clients do not have a lot of control over.  Oftentimes turn times are dictated by the local government, and estimated times are not guaranteed by any stretch.  Having lengthy delays during the permitting process can really harm the long term profitability of a project due to the increased cost of debt service.

In this situation, we did not have to plan for an extended carry time for the loan.  We were able to put a loan together that utilized a small seller carry back and the cash in from our client that was used for the permitting process to fund the balance of the project – plus interest carry.  These hard money construction loans typically will fund up to 60-65% of the completed value.  While we do like to see cash in from a client, we are able and willing to work with seller carry back situations, as well as gap funds, equity partner money and cash contributed towards the project to date.

If you have questions about Marin hard money construction loans, give us a call today at 877 462 3422.  We are happy to discuss the options we can provide.  You can find more information by visiting our page about California hard money construction loans.Marin Hard Money Construction Loans

San Francisco Hard Money Second Loans

We are able to help with San Francisco hard money second loans. These are loans that are secured in a second position, allowing our clients to keep their existing loan while accessing the equity in their property. These San Francisco hard money seconds are ideal for investors who have a great bank loan on the property but want to take out cash for additional investments.

Our second position hard money loans are typically written for 2-3 years in term. Usually they are interest only with a balloon due at the end of the term, although sometimes we are able to put together more long term financing – especially if the loan to value ratio is attractive.

San Francisco Hard Money Second Loans

Typically we will go up to a 60% CLTV on our hard money seconds in San Francisco, although we can potentially be more aggressive depending on the situation. San Francisco has some quirks that require lenders who understand the city and the properties. In our recent transaction, the property we financed had square footage that was not permitted, but yet was being used to generate income. This is not uncommon in San Francisco.

We were able to help with this second position hard money loan in San Francisco even though there were items recorded against the property due to the un-permitted space. The property was a great property in an ideal location, and the client was in need of cash out for their new business. We were able to help them obtain the cash needed and overlook the issues with the un-permitted space.

Another layer to this transaction included the income from the property. The property generated a large portion of it’s income through short term vacation rental. We were able to work with this situation as well and take alternative documentation with regards to the property income.

If you are looking for San Francisco hard money second loans or lines of credit, give us a call today to discuss your options at 877 462 3422 or visit our main page for information on our San Francisco hard money loans.

Truckee Hard Money Loans – Construction Completion Funding

All California Lending is able to help with non bank financing throughout the state of California.  We can help secure funding for most locations, including Truckee hard money loans.  This recent funding was a Truckee hard money construction loan.  We were able to assist with funding to secure the purchase, construction and interest reserves for this project.

Truckee Hard Money Loans

The property was put under contract and was being acquired for slightly below market value.  The guarantor has years of development experience.  His concept to add square footage to the property was to essentially take the existing structure’s bones  and then create an end product that would be considered new construction.  In structuring the build in this manner he will be able to realize a nice profit margin.  Property considered new construction is selling at a premium in the area.

The location is a highly desirable Truckee property, backing to forest land in the Donner Lake area.  Plans and permits were not approved at the time of our funding.  We were able to structure the loan based on an as complete value for the property.  We also were able to build in enough interest reserves to carry the project through to completion.

This hard money loan in Truckee was set up to be interest only.  There is no prepayment penalty on the loan.  The interest reserves that are not used will be refunded to the borrower (or discounted from the payoff) at sale.  We were able to get this done with no appraisal required.  The investors flew up to the property, did a site visit and verified our internal comps to confirm value and project feasibility.

We can help with many different types of hard money loans in Truckee and the surrounding areas.  Whether it is construction completion, ground up construction, acquisition of a rental or commercial property or a refinance of an existing property, we can help!  Give us a call today to discuss the options we can provide at 877 462 3422.  You may also visit our California hard money loans page to see our guidelines for Truckee hard money loans.

San Bernardino Hard Money Loans For Rental Property

We offer San Bernardino hard money loans for rental property.  On this transaction we were able to assist a client looking for cash out on a rental property owned free and clear.  The cash out was to address some business debts as well as to invest in new machinery to increase their business income level.

On this hard money loan transaction in San Bernardino our clients had purchased the property as a rental a few years prior.  The property had a stable tenant and the loan request was for an amount that made the loan to value ratio quite attractive to our investment group.  We were able to structure a loan that closed quickly for our clients.  This allowed them to take advantage of a timely business opportunity.  In addition, we were able to avoid a full appraisal being required due to the low loan to value.  Instead we ordered a quick BPO to confirm value and went to docs.

For business owners who also own property, using the equity in property owned as collateral for a hard money loan can often times be a quick way to access needed capital to take advantage of opportunities.  Our process is typically very swift.  For business purpose loans the main criteria for underwriting is the equity in the home.  Small business loans may have more attractive rates, but often times can take too long for small business owners in need of capital now.

We can help with San Bernardino hard money loans for most property types.  Our hard money loans are typically interest only, and terms can range from as short as 6 months to as long as 30 years.  Wile most of our loans range from 2-5 years in term length, we are flexible and often able to structure a loan to meet the needs of our clients.  All of our funds are sourced from private sources, so the underwriting process is on a make-sense basis.  For more information, please read more about our San Bernardino hard money lending or call us today at 877 462 3422 to discuss how we can help you access the capital needed to improve your business.

Fremont Hard Money Second Loans Funded

This transaction was a business purpose loan to help our client expand her business.   We were able to help her obtain the funds required by making a hard money second loan on her property located in Fremont California.  Time was of the essence in this transaction, and we were able to complete the process start to finish to fund her hard money loan request very quickly.

Our client had a start up business that she grew very quickly.  She was looking to expand the products offered and become an exclusive retailer for two highly desirable lines.  The funds we were able to secure for her enabled her to hire additional staff, expand her online presence, increase inventory and work to secure exclusive rights to products with great upside.

Her existing first mortgage on the property was at extremely good terms and we did not want her to lose that loan nor those terms.  With the equity in the property we were able to structure a hard money second loan, allowing her to keep her attractive terms on the existing loan while accessing the cash required to improve her business.  This loan was strictly for business purposes, all cash from the transaction was going towards her already profitable business.

We are able to help with Fremont hard money second loans, as well as hard money second position loans throughout the state of California.  We only do these loans for business purpose, no consumer purpose loans.  We can use many different types of property as collateral, including residential, commercial, multi-family and other property types.  Usually we can go as high as 65% total loan to value on our hard money seconds, although some unique property types we may need to stay at more conservative numbers.

Visit our main California hard money loans page to learn more about the products we are able to offer.  We deal with private hard money lending, so even if your scenario does not seem to fit our guidelines give us a call.  We are always happy to discuss your situation and scenario, and may be able to offer a creative solution to your financing needs.

Los Altos Private Hard Money Loan

This recent Los Altos private hard money loan funding was a great property and scenario.  Our client was in need of funding to further improve the subject property as well as to invest in other real estate projects.  The property was recently converted from a long term rental to a short term rental, utilizing Air B&B, and the cash flow increase over the long term rental income was positive.

Our client was also converting other properties owned to Air B&B rentals.  Funds were needed for some upgrades on the subject property, as well as upgrades and investment in other properties.  With the sharing economy opening up daily rentals to more and more people, we are seeing clients take advantage of the increased cash flow that can be offered by changing their business model from long term rentals to short term rentals.

Los Altos Hard Money Loan

With the location of this property in Los Altos our client’s property is uniquely positioned to take advantage of the short term rental needs of the area.  With access to local tech companies, short term contract employees as well as the close proximity to the major Bay Area this property and transaction were a great fit for the investors in the deal.

We are able to help pull cash out of existing properties through hard money loans in Los Altos, Santa Clara County and throughout the state of California.  We can help with unique properties and situations and can structure a creative solution to meet financing requirements.  Our loans are equity driven and loan to value based.  You can learn more by visiting our California hard money loans page, or you can call us directly to discuss your scenario.  Usually we can let you know how we can help with a quick ten minute phone call.  We have many different programs or options, if there is equity in the property and your loan is business purpose we can likely offer a solution to fit your needs!

Los Angeles Cash Out Hard Money Loan

This recent funding was a Los Angeles cash out hard money loan transaction.  The client had purchased the property earlier in the year with a substantial down payment with the goal of rehabbing and reselling the property.  After the property was acquired the tenant did not want to leave, choosing to stay for the full term of their lease.  This extended his timeline for being able to rehab and resell the property, tying up cash in this property that could be used for other fix and flip transactions in the meantime.

Los Angeles Hard Money Loan

We were able to come to the table with an aggressive cash out loan, taking out the existing loan, giving him a new 12 month term and allowing him to free up much of the cash he had into this property to put it to work on other projects.  The challenge many other hard money lenders had with this transaction was the recent purchase of the property.  We were able to overcome that challenge as the borrower had a substantial amount of cash he put down on the property and the cash out was for business purpose.

We have access to some higher loan to value programs that can offer cash out hard money loans on California properties up to 80%, sometimes 85%, LTV.  These loans are perfect for short term real estate investors looking to free up cash while a property sells or further leverage their existing cash.  On acquisitions we have programs that can go as high as 90% of the purchase price, as well as programs that base the loan to value on an after repair or an as complete value.  These are perfect for fix and flip investors!

We can also help with hard money construction and construction completion loans for most property types in California.  Learn more by visiting our page about California hard money loans, or call us today to discuss your specific scenario at 877 462 3422.  Typically we can give you a good idea of whether we can help with a short ten minute conversation!

Huntington Park Multi-family Hard Money Loans

We can help with multi-family hard money loans in Huntington Park and the surrounding areas.  This particular transaction was one that fell out through traditional channels.  The transaction was brought to me needing to close at terms better than average for hard money lenders.

The borrower had good credit and the property was generating income, but they required non traditional funding for the deal.  We stepped in and were able to secure a 30 year term with a fixed rate of 7.49% for the first three years.  In addition, we approved this loan for up to 75% loan to value with no adjustment to the rate.

Huntington Park Hard Money Loan

When we started the transaction we had a very short window within which to close, due to the fallout of the bank financing they originally intended to obtain.  We were able to move quickly and close the transaction, avoiding the seller cancelling and proceeding with a backup offer.

These types of loans are our hybrid hard money loans.  While most of our products are not credit based, this one does require a minimum credit score of 640-650 (although exceptions can be made via other compensating factors such as loan to value, assets, income, etc).  Appraisals are required, as are termite inspections, but the documentation is uncomplicated and the process can move swiftly.

We are able to offer this type of loan throughout the state of California.  We specialize in hard money loans secured by California real estate, and can be very creative and bring options to the table that potential clients may not have considered before.  In addition to multi-family loans, we can also offer this type of pricing and loan for commercial and residential loans, provided they are non owner occupied business purpose loans.

Learn more about our California hard money multi-family loans, or call us today with your scenario.  Usually a quick ten minute conversation is all we need to determine whether we can help you.  Call today at 877 462 3422.