Direct Private Lenders for Residential, Multifamily Apartments, Land & Commercial Real Estate
We are direct private lenders in California with offices in Los Angeles offering a wide range of financing products for residential and commercial real estate. We provide full non recourse commercial bridge mortgage loans for industrial properties, apartments, multifamily buildings and investment properties. There are no upfront fees, junk fees or hidden costs. With our offices in Los Angeles, we bring the trust and value investors seek in a local private money lender based in Southern California.
Bad Credit OK, often no appraisals needed (California Only)
If you need to find bad credit commercial real estate loans, we work with many individuals and companies that have been refused by the bank for a plethora of reasons. If you do have a credit score above 700 FICO we have a “no lender points option” for qualified investors. This mortgage loan product is for commercial properties, apartment buildings, multifamily and (investment property) residential real estate. We are commercial bridge lenders in California. Before applying for a commercial real estate loan, you need to make sure that you have all the necessary documentation and information in order. This will make the loan application process go smoothly and increase your chances of being approved. First, gather all financial documents including tax returns, bank statements, and any other financial statements that demonstrate your financial standing. This information will provide us with a clear picture of your financial health and ability to repay the loan. Next, prepare a detailed business plan that includes information about the property you are looking to purchase or refinance, your current business operations, and your future plans for growth. A well-crafted business plan can help you to secure financing as it demonstrates your ability to successfully operate and manage the property. It is also important to have a clear understanding of the property’s value and potential. This can be achieved by conducting a thorough market analysis and property appraisal. This information will help to determine the loan amount you can realistically expect to receive. In addition, be prepared to answer questions about the property, including its location, zoning, and any environmental considerations. These factors can have a significant impact on the lender’s decision to approve or deny the loan. Preparing for a commercial real estate bridge loan application is easy as we lead you through the process.
Bridge Financing Rental Loans 30 Year DSCR Lending for Condos, Apartments, Multifamily and Rental Property
This program is for longer term loans and carries more restrictions than our residential or commercial bridge loans. If you are interested in this program, please email a loan summary with basic credit score, type of property and location. As a direct lender we offer low interest rate non recourse commercial loans for Northern and Southern California real estate investors. Our commercial mortgage loan rates and terms allow for low cost financing for multifamily buildings, apartments, rental properties, healthcare facilities and medical buildings, land for housing development and more. When it comes to private funding for commercial real estate financing, it is important to understand the loan terms, interest rates, and repayment schedules offered by direct private lenders. We offer more flexibility in these areas compared to traditional lenders, but it is important to understand the terms and rates before signing on the dotted line. Contact us today for a quick scenario quote
Direct Bridge Financing
Loan terms for bridge funding can vary depending on the lender and the specific deal, but they typically range from 6 months to 5 years. These shorter terms give borrowers the opportunity to quickly complete a project and pay off the loan without being tied to a long-term obligation.Interest rates for private funding are typically higher than traditional lenders due to the increased risk for the lender. Rates can range from 6.99% to 12%, depending on the lender’s requirements and the borrower’s creditworthiness. It is important to compare rates from multiple lenders to ensure you are getting a fair rate for your project. Repayment schedules for private funding are also more flexible compared to traditional lenders. Some private lenders may require monthly payments, while others may allow for interest-only payments or balloon payments at the end of the loan term. It is important to understand the repayment schedule before signing the loan agreement to ensure you are able to make the payments on time.
If you are looking for a true direct California private lender for real estate financing we are here to help close “ special purpose” and difficult to position loan scenarios. If you need a housing development loan for rental property we provide direct bridge funding for short or long term transactions. We can help you glide directly into a low rate commercial loan from the bridge term.
Fix and Flip Financing
If you are a Southern California rehab fix and flip investor, we have select programs for local builders, rehabbers and real estate investment groups. We work with seasoned real estate, mortgage investment professionals. Bank managers, investment groups, investment brokers, real estate agents, brokers, builders, construction contractors, attorneys, CPA’s and high net worth individuals. As we are direct private mortgage lenders for real estate, we can offer quick decisions on funding with no guesswork. Contact us today for your next real estate investment deal.