Hard Money Lenders California

About Hard Money Lenders California

Hard Money Lenders California is a private lender headquartered in Los Angeles, CA offering loans in Los Angeles, San Diego, and San Francisco. They provide commercial loans, fix-and-flip hard money loans, investment property loans, hard money construction loans, private refinancing, and hard money bridge loans. Their lending parameters are versatile, including loans with a maximum LTV of 80%. They will make loans on numerous property types, including single family homes, multi family, apartment buildings, offices, retail units, mixed use buildings, industrial buildings, and raw land.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Mixed Use, Industrial, Land

Areas Served: Los Angeles, San Diego, San Francisco

Lending Guidelines for Hard Money Lenders California

Below are the general loan guidelines published on the Hard Money Lenders California website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Hard Money Lenders California.

Loan Example 1

Felix closes on a $350,000 renovation project in Los Angeles, CA, using a hard money loan from Hard Money Lenders California. As the lender agrees to a 50% loan to value, Felix will be required to put 50% down so the principle amount of the loan will be $175,000. The loan also consists of the following features: 1) a 12 month length, 2) a 13% interest only note, and 3) a two point origination fee.

Felix will need to contribute $175,000 at closing (50% on the 50% loan-to-value), plus he will have to pay the $3,500 origination fee. The monthly interest only payments will then be $1,896 to the lender. If Felix sells the rehabed house for $420,000 at the end of the 12 month term, his gross profit (not accounting for remodeling costs) would be $43,750. This is computed by taking the sales price ($420,000) and subtracting the principle ($175,000), the origination cost ($3,500), the cash he contributed to closing ($175,000), and the total interest expenses ($22,750).

Loan Example 2

Felix is a an investor in Los Angeles, CA. He locates an older property for a rehab project and obtains a fix and flip loan from Hard Money Lenders California with the following terms:

a) A $350,000 purchase price, b) a 65% loan to value (LTV), c) a 6 month term, d) a 11% interest rate, and e) a 4% origination fee.

Felix intends to sell the property when the note expires for $455,000. If he achieves this goal, the final numbers would be the following:

$455,000 sales price
- $227,500 loan principle (65% LTV)
- $122,500 cash paid at closing (35% on 65% LTV)
- $9,100 origination points (4% of the $227,500 principle)
- $12,513 interest payments (6 months x 11% interest)
-----------------------
= $83,388 total profit (does not include taxes or rehab costs)

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