California Hard Money Direct does exactly what our name implies. We offer direct (no middleman) Hard Money loans throughout the entire State of California. Non Owner occupied residential, Commercial & Industrial loans are offered. We also have some blended programs that offer some of the lowest rates you’ll find anywhere. We’ve built a strong reputation on 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 one week.

Property Geographic Area Details

Major metro areas throughout California

Loan Amounts

$50,000 to $20,000,000

Interest Rates

7.49% to 13%

Max Loan-To-Value

70.00%

Max Loan-To-Cost

70.00%

Origination Fees

1.5% to 5.0%

Loan Terms

3 months to 360 months

Lien Position

  • 1st
  • 2nd

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

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

Property Types

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

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Residential Bridge

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out

Junior Liens

Junior Lien Loan Amounts

$50,000.00 to $3,000,000.00

Junior Lien Interest Rates

10% to 13%

Junior Lien Loan-to-Value

70.00%

Junior Lien Loan-to-Cost

70.00%

Junior Lien Origination Fees

3.00% to 5.00%

We Fund Junior Position Loans

Often

Junior Lien Types

  • Refinance
  • Equity Cash Out

Purchase Loan

Max Loan-To-Purchase Price

0%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

no

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

3

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Amortized

Pre Payment Penalty

no

Will lend to a foreign national

yes

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

no

Will Consider Collateralizing Multiple Properties in One Loan

no

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

no

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

Fees

California Hard Money Direct has been helping both borrowers and brokers for the past 7 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. Say what you’re going to do & then do it.

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. 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 written into your contract. Once your loan is in process you can track it online 24/7 with our proprietary software.

License

CA DRE Lic. #01384244

Office Locations

13547 Ventura Boulevard #177, Sherman Oaks, California 91423

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

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At the end of the form you can enter the additional properties.

(temp use, storage, billboard, parking, etc.)

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Requested loan amount divided by the purchase price + rehab/construction costs

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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(temp use, storage, billboard, parking, etc.)

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Requested loan amount divided by the purchase price + rehab/construction costs

%

If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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how will the loan be paid off?

acres

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