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California Hard Money Land Loan Funding

This transaction was a cross collateralization California hard money land loan funding of two pieces of land.  One parcel was shovel ready with an existing structure that needed to be completely torn down.  The other parcel was raw land.  We were able to secure over $1mm in funding using these two parcels to help our client pay off a loan coming due and take cash out for business purposes.

This parcel was a 3.2 acre land parcel that was shovel ready with strong city support for the development.  The building on the parcel had no value – it was a run down bowling alley that had to be torn down.  This project had significant entitlement credits that would offset the cost of tearing down the existing structure.

The parcel below was another California land parcel, which was crossed with the above-mentioned property to allow us to structure a California land loan that met our client’s needs.

We can help with many different scenarios with regards to California hard money land loan funding.  Whether it is fully entitled land, land in the process of being entitled or raw land, we have programs to assist.  Most of the hard money land loans we assist with cap out at 40-50% loan to value.  We have access to programs for the purchase of land as well as the refinance of land.

In addition to hard money land loans, we also can help with hard money construction and development loans.  These loans can typically be structured based on the completed value of the project.  Due to this, it is not uncommon for us to be able to secure funding for 100% of the cost to build once all entitlements, plans and permits are in place.  Typically speaking these construction loans have an interest reserve as well as a fund control set up for the build.

We have a lot of experience structuring hard money loans for land and construction here in California.  If you have a transaction in need of funding, and have been told no elsewhere, give us a call to discuss your scenario today.

Chris Goulart

Chris Goulart specializes in creative private money solutions secured by real estate throughout California. The private hard money loans he works with are typically funded by individuals and groups outside the more traditional banking industry. He has specialized in private hard money loans for over a decade and is fully licensed both at the state level, through the DRE, as well as the national level, through the NMLS.