We have Hard Money Loans for California 2020

We have Hard Money Loans for California 2020. These Loans are for California properties and various other states. Hard money just means that the loan did not come from a conventional bank. Hard money is just the same as private money loans. You can read more about them under Private money loans. Most all our loans are offered come from individuals, corps, trusts, or a fund. We offer Hard Money loans for owner occupied under some circumstances. Most of the time Hard Money Loans are for investment properties. Remember to think Hard Money Loans California – Stated Income Loans is what we offer.

A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured Hard Money Loans California - Stated Income Loans 2020by real property. Hard money loans are typically issued by private investors or companies. Interest rates are typically higher than conventional commercial or residential property loans because of the higher risk taken by the lender. Most hard money loans are used for projects lasting from a few months to a few years.

Hard money is similar to a bridge loan, which usually has similar criteria for lending as well as cost to the borrowers. The primary difference is that a bridge loan often refers to a commercial property or investment property that may be in transition and does not yet qualify for traditional financing, whereas hard money often refers to not only an asset-based loan with a high interest rate, but possibly a distressed financial situation, such as arrears on the existing mortgage, or where bankruptcy and foreclosure proceedings are occurring.

To find out more see our “Hot Loan Products” for best rates , easy doc loans and guidelines.

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