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California hard money loans are our
specialty. We can help provide financing for both Northern and
Southern California properties of all types. We
only do hard money loans in California, and have the resources to get your
project funded fast.
For a hard money loan in California
these days, we look at a couple of factors. Typically the maximum
loan to value is 60% as determined by an appraisal, although we prefer
to stay at or below 55%. We do not make hard money loans for owner
occupied residential property these days.
For our CA borrowers we can work with
stated income situations, although we do want to know that there is the
ability to repay and/or a strong exit strategy. We are in the
business of helping our clients, not making loans that will end up
needing foreclosure help.
The rates offered vary from deal to
deal. It is always best to call us to discuss your specific hard
money loan scenario. Our hard money loans are typically interest
only or amortized over 30 years with a balloon due, depending on the
clients needs. We can help fund hard money loans in California for
both residential and commercial properties.
Prepayment penalties are negotiable,
depending on the loan program. Most loans carry a prepayment
penalty for the first twelve months or less. 12 month, 6 month and
no prepayment penalty programs are fairly standard. In many
situations, taking a longer prepayment penalty can potentially reduce
your interest rate. If the prepayment penalty period is of
importance to you, please be sure to let us know so we can arrange
financing that will meet your specific needs.
For more information about our
California hard money loans, or to talk about a particular scenario,
please contact us via phone or email. We will
return any messages or emails within 24 business hours,
and you can rest assured that we will not sell or distribute your
personal information. We specialize in California hard money loans, and can help
secure a loan on most property types located in the state.
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