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California Hard Money Lenders for Real Estate Investors
Need a hard money loan secured by real estate in California? This page has a list of direct hard money lenders that offer quick funding for a CA property purchase, refinance, fix & flip, rehab & rent, and equity cash out in 1st or 2nd position. Hard Money lending is mainly based on equity in the subject property. The maximum LTV is typically 70% for most lenders. Scroll to see the list of lenders and continue scrolling ot see summaries of hard money loans funded by lenders in our network.
California is a large state, and many hard money lenders focus on particular metropolitan areas within the state. Filter the list by selecting a metro area:
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Family Office Lender. No 3rd-party appraisal (typically). Soft Money Terms in 1st or 2nd Lien Position.
Nationwide Mortgage - California
Aggressive Pricing, Excellent Service for California Private Mortgages - Bridge, Rehab, Construction, Rental
Karpe Real Estate Center
Private Lending for Central California Real Estate - Bakersfield, Fresno, Central Valley, Sacramento | Est. 1926
Our Current Maximum Fixed Interest Rate is 7.95% for 4-year term and 7.75% for 2-year term
Funded Hard Money Loans in California
Bench Equity, a direct lender for alternative loans, funded a $637,500 hard money loan in 1st lien position for the acquisition of a single-family residence in Orange, CA. The purchase price was $750,000. We funded 85% of the purchase while the Borrower contributed 15% cash at closing. The repeat Bench Equity Borrower took advantage of our maximum LTP purchase loan (85% LTP with no points) to close on their latest fix and flip project. They plan to self-fund the rehab costs. We only provided the purchase money. The Borrower’s strong payment history and repeat loans allowed us to process and fund quickly and easily! The subject property was in good condition and was approximately 1,800 square feet set in a 7,186-square-foot lot. The Borrower plans to sell the property upon completion of the rehab. The interest rate was 13% and zero points. The loan term was set at 6 months. This private money loan was funded in January 2023.
Hard Money Loan for SFR Purchase in Huntington Beach, California
Bench Equity, a private lender for alternative loans, funded a $1,522,000 hard money loan in 1st lien position for the acquisition of a single-family residence in Huntington Beach, CA. We funded 70% of the $2,175,000 purchase price, while the Borrower contributed 30% cash at closing. This new Bench Equity Borrower was referred to us by another investor. They plan to complete a light cosmetic rehab that includes new paint, hardware, and repair of an elevator located inside the home. The subject property was in good condition and vacant at closing. The building was approximately 3,795 square feet set in a 6,000-square-foot lot. The Borrower plans to sell the property upon completion of rehab. The interest rate was 12.75%. The loan term was set at 6 months. This hard money loan was funded in January 2023.
Hard Money Loan for 6-Unit Mixed-Use Property in San Fernando, California
Diversified Mortgage Company, one of California’s oldest and lowest-priced hard money lenders, funded a $650,000 loan in 1st lien position secured by a 6-unit mixed-use property in San Fernando, CA. The property value was estimated to be $1,350,000 so our loan-to-value was 48%. The property had 1 retail unit and 5 apartments. It had a structural issue, an unreinforced tuck under the parking spaces, but that did not prevent us from funding the loan. The subject property was in fair condition and partially occupied at closing. The building was approximately 4,265 square feet set in a 7,492-square-foot lot. The Borrower plans to lease the property upon completion of rehab, and eventually sell it as an exit strategy. The interest rate was 7.75% with amortized payments. We charged 3% origination points. The loan term was set at 60 months. This hard money loan was funded in December 2022.
S&L Capital Group, a California-based lending firm, funded a $448,000 hard money loan secured by a single-family residence in Duarte, LA County, California. The purchase price was $560,000. S&L Capital funded 80% of the purchase in 1st lien position, and the Borrower contributed a 20% cash down payment of $112,000. The Borrower elected for a purchase bridge loan and will self-finance the rehab. Due to the speed of the Borrower’s renovations, dealing with fund control tends to slow down his process. Our client will be putting in about $60,000 worth of renovations before relisting the property for sale within the 12-month loan term. The subject property is approximately 1,542 square feet on a 6,940 square foot lot. It was sold by a Trust, and this was the first time it exchanged hands since 1975. It was in poor condition and vacant at the time of closing. This hard money loan was funded in October 2022.
Hard Money Cross Collateralized Refinance Loan for SFR Portfolio in Riverside, California
Talimar Financial, a direct lender in San Diego, funded a hard money cash-out refinance loan secured by 8 separate residential investment properties in Riverside, CA.
The Borrower first approached TaliMar Financial with the loan request after conventional lenders turned them down. We quickly underwrote each property and the Borrower, then offered a loan structure that allowed the Borrower to pay off family members and then refinance each property individually.
The loan was structured at 65% of the current market value with a 1:1 debt service coverage ratio (DSCR). The loan term was 24 months with specific release prices based upon a refinance or sale of each property in the portfolio. This hard money loan was funded in February 2021.
Hard Money Loan for Vacation Rental Fix & Hold in Ocean Beach, California
In December 2020, TaliMar Financial funded a $1,143,100 fix and hold hard money renovation loan secured on a single-family home in Ocean Beach, CA. Our client will complete a cosmetic renovation and hold the property as a vacation rental. Our hard money fix and hold loan included funds for both the purchase and 100% of the renovation costs. The loan was underwritten to the completion value. The renovation funds will be disbursed to the Borrower over seven draws based on pre-approved construction hurdles.
The biggest hurdle in this transaction was the current condition of the property and the existing tenant. We were able to underwrite to the condition knowing the Borrower was intending to renovate the property and their prior experience completing similar projects. Additionally, they had the tenant agree in writing prior to closing to vacate the property within 30 days of close.
Once the renovations are complete and the Borrower establishes 6 to 12 months of historical income, they will be able to refinance the hard money vacation rental loan with conventional bank financing.
Hard money vacation rental loans have become very popular in urban markets in California. Many real estate investors use hard money lenders to fund fix and hold loans because most conventional lenders will not.
Hard Money Loan for Luxury SFR Rehab in Montecito, California
Rodeo Lending, a direct hard money lender in LA, funded a $5,105,000 1st lien position loan secured by a luxury home in Montecito, CA. The Borrower is a repeat client that has extensive experience with residential rehab projects. He had already acquired the property and was planning a major renovation. Rodeo paid off the previous 1st mortgage and provided a new loan which included funds for the rehab, plus a 12-month interest reserve. The rehab budget will be fund controlled and released in phases. The loan-to-completed value is 60%. This iconic private enclave consists of 7,673 square feet on a .84 acre lot, with 7 bedrooms and 4.5 baths, located on one of the best streets in Montecito, within walking distance to restaurants and shops. The Borrower plans to modernize the home and sell upon completion to exit from our loan. This SFR hard money loan was funded in June 2020.
Hard Money Loan for Rental SFR Purchase in San Leandro, California
First Bridge Lending, a direct private lender, funded a hard money loan for the purchase of a single-family investment property in San Leandro, CA. The Borrower is a project manager for a construction firm who was looking to purchase his first investment property to rent. He needed a short-term hard money loan just to quickly acquire the property. The sale price was $800,000. The Borrowers put down 45% of the purchase price in cash. First Bridge funded the remaining 55%, a total loan amount of $440,000. The Borrower plans to rent the 3-bedroom home for around $3,500/month and refinance with a conventional lender within the 12-month loan term. This hard money loan was funded in May 2020.
Hard Money Loan for Fourplex Acquisition in La Mirada, California
SDC Capital, a direct private lender based in Burbank, funded a $910,000 hard money loan for the purchase of a 4-unit residential property in La Mirada, LA County, CA. A mortgage broker came to us looking for a quick closing for his client who was under contract to purchase the property. The conventional lender declined his client at the last minute, and the Borrower had limited time remaining to complete her 1031 exchange. We immediately inspected the property and underwrote the value, without requiring an appraisal. We determined the value to be around $1,300,000 which puts our loan at 70% LTV. We closed the loan within 5 days. As a result, we saved the Borrower’s 1031 exchange and provided her with competitive terms of 8.5% interest plus 1.25 points origination fee. This loan was funded in March 2020.