Direct Hard Money Lender for California Real Estate

California Hard Money Direct does exactly what our name implies and more. We offer direct (no middleman) Hard Money loans throughout the entire State of California.

  • Hard Money Non-Owner occupied residential
  • Hard Money Owner occupied residential
  • Hard Money Commercial & Industrial
  • Hard Money 2nd Mortgages for both non owner and owner occupied
  • Hard Money construction completion (refinance)
  • Hard Money Foreign National Loans
  • DSCR Loans for rental properties 1-4 units
  • Non-QM loans for owner occupied properties
  • No limit to the number of properties on one loan

We also have some blended programs that offer some of the lowest rates you’ll find anywhere. We’ve built a strong reputation by delivering exactly what we promise. Once we quote you a rate, you can depend on your rate & terms staying exactly the same until the end of the loan process. We will pre-approve you during our initial phone conversation & close your loan typically in about 7-10 days.

Please Note: We do not offer loans for vacant land, land development, or ground-up construction. We lend on rehab projects but do not provide rehab funds.

Property Geographic Area Details
Major metro areas throughout California
Loan Amounts
$50,000 to $20,000,000
Interest Rates
6.5% to 11.5%
Loan Terms
6 months to 360 months
Origination Fees
1.5% to 3%
Lien Position
1st, 2nd
Collateral Types
  • Residential Property
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial

Maximum Leverage

Purchase Short-Term (no Value-Add):
Max LTP Residential: 70%
Max LTP Multifamily: 70%
Max LTP Commercial: 70%
Purchase Long-Term
Max LTP Residential: 80%
Max LTP Multifamily: 80%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 70%
Max CLTV 2nd Lien Residential: 65%
Max LTV 1st Lien Multifamily: 70%
Max CLTV 2nd Lien Multifamily: 65%
Max LTV 1st Lien Commercial: 70%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 70%
Max CLTV 2nd Lien Residential: 65%
Max LTV 1st Lien Multifamily: 70%
Max CLTV 2nd Lien Multifamily: 65%
Max LTV 1st Lien Commercial: 70%
Refinance Long-Term
Max LTV Residential: 80%
Max LTV Multifamily: 80%

Property Types

  • 2-4 Units Residential
  • Commercial Condominium
  • Condominium
  • Industrial
  • Mixed-Use
  • Multifamily
  • Retail
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Residential Bridge
  • Residential Long-Term Rental
  • Residential Owner-Occupied

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out
  • Primary Residence Bridge
  • Primary Residence Business Purpose Cash Out
  • Residential Long-Term Rental
  • Residential Short-Term Rental

Junior Lien Loan Amounts

$50,000 to $3,000,000

Junior Lien Interest Rates

9.5% to 11.5%

Junior Lien Loan-to-Value

70%

Junior Lien Loan-to-Cost

70%

Junior Lien Origination Fees

2% to 3%

We Fund Junior Position Loans

Often

Junior Lien Types

  • Refinance
  • Equity Cash Out
30%+ down payment is required for hard money loans. For long-term rental or owner-occupied home loans, the minimum down payment is 80%.

Max Loan-to-Purchase Price

70%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Another Investment Property
  • Equity in Primary Residence

Minimum Loan Amount

$200,000

Maximum Loan Amount

$3,000,000

Minimum Interest Rate

6.5%

Maximum Interest Rate

7.9%

Minimum Origination Fee

1.5%

Maximum Origination Fee

3%

Minimum Loan Term

12 months

Maximum Loan Term

360 months

Minimum Debt Service Coverage Ratio

1.10

Will Lend on a Portfolio of Rentals

No

Minimum Property Value

$250,000

Maximum Property Value

$4,000,000

Fees which are mandatory for all new borrower clients

  • Underwriting Fee
  • Processing Fee
  • Documents Fee

Fees which are paid to a third party company

  • Appraisal Fee
  • Escrow Fee
  • Title Fee

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

3

Payment Structure
  • Interest Only
  • Amortized
Pre Payment Penalty

yes

6 months minimum interest for hard money loans. 12 months minimum for DSCR long-term rental loans.
Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
Documentation Required
  • Bank Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Credit Check Required

yes

Credit Check Description

We don't have a minimum credit score requirement for hard money loans. For long-term rental loans, there is a minimum credit score requirement - 650+.

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

California Hard Money Direct Testimonials

Get In Touch

California Hard Money Direct pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

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California Hard Money Direct has been helping both borrowers and brokers for the past 10 years. We are a private lender specializing in both purchase money loans and refinance loans. We provide Mortgage Brokers, Borrowers, Investors & Real Estate agents funding for investment property acquisition and refinancing. We have a very simple philosophy.  Tell people what you’re going to do & then actually do it.

Most borrowers have heard a hard money. But have you ever heard of soft money?  Five out  of 10 borrowers calling us don’t even know this exists yet it is almost half the cost of our hard money. When you run your scenario by us we will tell you instantly whether you are a candidate for any of our soft money products.

Keep in mind, we are direct lenders, not brokers. As such, our money will always be the lowest you will find around. When you need your loan closed fast with NO time for mistakes or slow downs we are the company to call. If you’re a mortgage broker or real estate agent, we understand your reputation is on the line. We won’t disappoint you. If you’re a borrower we understand you’re depending on us. We won’t let you down. We highly recommend you Google us by simply typing in California Hard Money Direct Sherman Oaks. We are one of the only companies in California with over 100 Google reviews.

With the speed & reliable nature of our loan processing, we make it possible for you to compete with cash buyers in a very competitive market. You can feel confident in making offers with ultra fast closing time stated in your offer. Once your loan is in process you can track it online 24/7 with our proprietary software.

License

CA DRE Lic. 01384244, NMLS ID 348736

Year Established

2012

Associations

  • Equal Housing Lender
  • Real Estate Bees
  • Business Hall Of Fame L.A.

Office Locations

13547 Ventura Boulevard, Sherman Oaks, California 91423

Primary Capital Source
  • Own Funds
  • Individual Investors
  • Private Equity Funds
Loan Structure for Majority of Loans
  • One Investor One Loan
  • Multiple Investor Fractionalized Note
Percentage of Loans Secured by Commercial Property

20%

Percentage of Loans Secured by Residential Property

80%

Get In Touch

California Hard Money Direct pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration
Before You Contact Us

Our Minimum Loan Amount Is

$50,000

What We Do

  • Lending throughout California
  • Purchase & Refinance Hard Money
  • 2nd Mortgages to Cash Out
  • Owner-Occupied Homes
  • DSCR Long-Term Rental Loans

Not Available

  • NO 100% Financing
  • NO Rehab Fix & Flip Loans
  • NO Ground-Up Construction
  • NO Specialty Property Types
  • NO Rural Locations

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