California Private Money Lenders for Real Estate Investors
Here is a list of private money lenders for real estate in California. Use a private mortgage to get fast funding for a California investment property purchase, refinance or equity cash out. Our directory lists private money companies (not individual investors) offering short-term loans that typically range from 6 to 36 months.
Reprop Financial provided a private money refinance loans secured by a mixed-use commercial property in Humboldt County, CA. The Borrower acquired this real estate with seller carry back financing. The loan had matured and needed to be paid off. We were able to provide a bridge loan in the amount of $295,000 to pay off the seller financing, and our loan gave the Borrower additional time to make repairs and upgrades. They plan to refinance with a conventional lender once the property renovation is completed. The appraised value was $590,000 so the loan-to-value was 50%. Our interest rate was 9.89%, and the loan term is 36 months. We funded this private money loan in late 2017.