Orange County Hard Money Lenders for Real Estate Investors
Here is a list of hard money lenders for residential and commercial real estate in the OC - Costa Mesa, Irvine, Mission Viejo, Anaheim, San Clemente, Newport Beach, Santa Ana, Laguna Beach, Dana Point and other areas. Hard money loans are a great short-term solution for Orange County property investors who either don’t qualify for a traditional mortgage or just need to close a deal fast. Most hard money loans are 12 months, but some lenders offer a longer term.
100% hard money financing on the purchase price of a single family home in Corona Del Mar, a coastal city in Orange County. This project will be a full tear down and ground-up build. Our borrower was seeking a hard money loan only for the acquisition, and he will fund the entire construction budget out of pocket. This was a first-time client with ARCH. The borrower has been working in this market for many years and has a great outlook on the community. The term on this loan is 6 months. The exit strategy will be to complete the ground up build and list the home for sale immediately upon completion. We were able to conduct an appraisal, underwrite and fund within one week.