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Private Money Loans

Private Hard Money Lenders

 

Private money loans are typically made by private hard money lenders.  These are individuals or groups who lend their own money which is secured by a deed of trust recorded against real property here in California. 

We have spent years building relationships with these private investors, and are able to facilitate loans on behalf of our clients through these sources.  There is no bank involved, so the underwriting guidelines are not black and white, nor nearly as stringent.  If our investors are happy with the collateral and loan to value, we can typically structure a private money loan for that transaction.

In addition to the absence of bank underwriting requirements, we have added flexibility and direct communication that can enable us to structure a transaction that may be outside the normal box.  For many today, private money loans represent the only means of financing certain projects.  For commercial properties not meeting the debt coverage ratio the banks require, residential properties needing repairs to the extent that they do not meet government program standards or even investors who simply own too many properties for institutional financing, we have programs that can help.

Funding through private hard money lenders also enables a loan to close relatively quickly.  Sometimes we can close in a matter of days, but usually our time frame to close from start to finish is somewhere between two and four weeks.

We can work with seller carry backs, cross collateralization, construction, rehab loans and more.  We are very creative, and can help you explore all private money loan options available.  Often times if your transaction falls outside of our guidelines, our large network of private money investors can make a loan to fit your needs.

Please contact us today.  We are happy to spend some time discussing your loan needs, what we may be able to offer and what types of programs are available.  With a little information on the property and an overview of the transaction, we can typically let you know within a five minute phone whether we are able to help. 

When the banks continue to say no, it may be time to consider your options using private money loans.  We're here to help!




 

 

Chris Goulart, agent, DRE Lic. # 01458390 NMLS Lic. # 298819 CA broker Lic. # 01180522

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