When you purchase a property in California, one of the keys to success is finding the right loan. Loans can be structured in various ways, and getting the best terms and rates makes a difference. You also want to work with a lender that has a proven track record with pleasing its customers. Professionalism, communication and stellar customer service are hallmarks of developing a good relationship with your lender. To avoid buyers’ remorse over your deal, work with experienced hard money lenders in Los Angeles. Whether you are a real estate investor or a property owner, hard money loans are available for projects including single family residential, multi-family residential, commercial or land. The loans come with competitive rates and approvals in as quick as five days. The loans are open to private individuals, trusts, probate situations, estates and entities such as LLCs, partnerships and corporations.
A Menu of Loan Options
Not everyone has the same needs, so you will find a variety of creative loan choices. Hard money loans include but are not limited to the following lending opportunities:
- Bridge loans
- Probate and estate loans
- Cash out and refinance
- Fix and flip and rehab loans
- Investment and rental property
- Accessory dwelling loans
Acquiring bridge loans for residential real estate can give you a competitive edge, and help you claim a desirable property. They give you the flexibility to act quickly when your money is tied up temporarily with another project. The loans are secured by the value of the California real estate, enabling you to tap into rates and terms that make the purchase profitable. If the property is for investment purposes, the money can be approved in a matter of days. For owner-occupied real estate, the process takes about a couple of weeks due to compliance with federal regulations. Working with hard money lenders is the fastest way to get approved and paid for a bridge loan in California.
Fix and flip loans are popular in California. Fast approval on theses loans, using the property as collateral, allow entrepreneurs to buy a property with potential, make some smart improvements and then sell for a profit. Financing a flip loan (also known as rehab loans) is short-term in nature and not offered by traditional banks.
A Proven Track Record
You want to get good rates and terms on real estate loans to accomplish your goals, whether it is an investment or a place to live, but you also want to work with a trusted company. Partner with a lender that boasts satisfied clients, fast approvals and funding, low rates and fees and decades of experience in the industry. With hard money lenders California you get all of these things, and a company that has lent out over $800 million in loans for the full spectrum of real estate transactions throughout the entire state, and specializing in the following areas: San Diego, Los Angeles San Francisco Bay Area, Sacramento, Ventura, Orange County and Riverside. Act now on that real estate opportunity and choose from loan options and financing deals that satisfy all of your goals.
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