Hard money loans are short-term loans that are funded by private investors. Unlike the traditional loans such as loans from banks and credit unions, hard money loans do not require extensive information about the borrower. Usually, banks and credit unions ask for detailed credit history, credit score, criminal and personal background before approving the loans. Also, the process takes a lot of time! That is one of the main reasons why people opt for hard money loans instead of traditional loans - especially in case of real estate investments. All California Lending specializes in hard money lending in California. They offer several hard money loan programs for different property types.

All California Lending with their years of experience in the field have created personal relationships with a lot of local hard money lenders and private investors. Due to this they are capable of obtaining funding for many loans that may have been declined elsewhere. They create packages that highlight the strengths of the borrower’s transaction that they can put together. Packaging the file so the loan makes sense helps them in assisting the borrower obtain funding successfully. Most of their loans are for terms between one and five years, although they do have access to programs with terms of 30 and even 40 years. While most of their loans are interest only, they also can help with a mortized loans where the payments consist of both interest and principal.

The rate on their hard money programs can vary greatly. Most often the range is between 10 to 12 percent. However, rates below 10% are available for the right transactions.For land loans, construction lending or rehab transactions the rates can vary outside of this range. Also, the maximum loan to value varies depending upon the transaction. For fix and flip or rehab loans it is up to 65-75% or ARV, for short term transactions they can lend up to 75-80% of purchase price or its value (whichever is lower) and for long term loans the cap is usually 70-80%. If you have been searching for assistance finding the right hard money lender in California then get in touch with All California Lending!

“We specialize in facilitating hard money loans in California. We can help in most areas of California, and have hard money loan programs available for most property types. We have spent years building personal relationships with hard money lenders and private investors. Our relationships allow us to fund many loans that others simply cannot. Due to the personal nature of hard money lending, we can look past the issues that may preclude institutional financing. By building a package that highlights the strengths of your transaction we can put together a loan that makes sense. If the loan makes sense, chances are we can help you obtain funding.” – says a spokesperson at All California Lending.

About the Company:

All California Lending specializes in hard money lending and commercial loans. They have been in the real estate lending business for many years, specializing in hard money lending in California. They understand the market and have relationships with many funding sources to help them obtain financing for even the most complicated transactions. For more details visit https://www.acalending.com/