Orange County Hard Money Lenders for Real Estate Investors
Need a hard money loan secured by real estate in Orange County? This page has a list of direct hard money lenders that offer quick funding for a Orange County property purchase, refinance, fix & flip, rehab & rent, ground-up construction, and equity cash out in 1st lien position. Hard Money lending is only for investment properties, not for homesteads. The loans are mainly based on equity in the subject property. For most lenders, the maximum LTV is typically 70% for a purchase and 65% for an equity cash out loan.Searching...
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SDC Capital
Family Office Lender. No 3rd-party appraisal (typically). Soft Money Terms in 1st or 2nd Lien Position.
PrideCo Loans Inc.
Family Office Hard Money Lender for Multifamily and Residential Investment Properties
Secured Capital Lending
Direct Private Lender for California Investment Properties
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
MOR Financial
Hard Money Bridge Loans for California and Florida Properties
Socotra Capital
Direct Hard Money Lender for Commercial Real Estate
Residential Capital Partners
100% Financing for Residential Rehab Projects (NO Money Down)
ZINC Financial
Direct Lender for Real Estate Investors. Established in 2006.
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
Center Street Lending
Smarter Loans for Residential Investors
Diversified Mortgage
Multifamily Bridge Loans only. Interest Rates are 8.5% for 4-year term, 8.25% for 2 years, 7.95% for 1 year.
Arch Loans
Low and High Leverage Options, up to 90% of purchase price for fix & flip
Conventus
We Fund Fast While Providing Excellent Service and Competitive Pricing
Nationwide Mortgage - California
Bridge, Rehab, Construction, & Rental
California Hard Money Interest Rates
According to the hard money loan documents software company, Lightning Docs, the average interest rate for California hard money loans in the 2nd quarter of 2024 was 11.06%. The average loan amount was $698,027. These stats are the average of 1,083 short-term loans (including bridge, rehab, and ground-up construction) funded for investment properties in California between April 1, 2024 and June 30, 2024 by multiple hard money lending companies that use Lightning Docs as their preferred software provider to prepare loan documents.
Although California hard money interest rates tend to be lower than other states, the data includes a lot of 2nd mortgages, which typically have higher rates than 1st mortgages. 2nd mortgages are quite common in California. In most other states, 2nd mortgages are non-existent in hard money lending.
Here is a breakdown of average interest rates in California’s metropolitan areas:
Los Angeles Metro Area
The average interest rate for Los Angeles hard money loans in the 2nd quarter of 2024 was 11.76%. The average loan amount was $703,562. Of the 593 total loans in the 3-month period, 468 were secured by properties in Los Angeles County, 106 in Orange County and 19 in Ventura County.
San Francisco Bay Area
The average interest rate for Bay Area hard money loans in the 2nd quarter of 2024 was 10.88%. The average loan amount was $789,494. Of the 237 total loans in the 3-month period, 58 were secured by properties in Alameda County, 56 in Santa Clara County, 38 in Contra Costa County, 33 in San Mateo County, 26 in San Francisco County, 16 in Marin County, and 10 in Solano County.
San Diego
The average interest rate for San Diego hard money loans in the 2nd quarter of 2024 was 11.07%. The average loan amount was $744,446. The averages are derived from 263 loans secured by properties in San Diego County.
Inland Empire
The average interest rate for Inland Empire hard money loans in the 2nd quarter of 2024 was 11.20%. The average loan amount was $487,292. Of the 132 total loans in the 3-month period, 77 were secured by properties in Riverside County and 55 in San Bernardino County.
Sacramento
The average interest rate for Sacramento hard money loans in the 2nd quarter of 2024 was 11.29%. The average loan amount was $495,169. The averages are derived from 27 loans secured by properties in Sacramento County.
Central Valley
The average interest rate for Central Valley hard money loans in the 2nd quarter of 2024 was 11.48%. The average loan amount was $301,872. Of the 87 total loans in the 3-month period, 35 were secured by properties in Fresno County, 24 in San Joaquin, 13 in Tulare County, 10 in Kern County, and 5 in Stanislaus County.
According to private lending data provider, Analytics Logics, the average interest rate for California hard money loans in the 2nd quarter of 2024 was 10.63%. Lenders charged an average of 1.4% points (origination fee). The average LTV (loan-to-value) for hard money loans in California was 62%, and the average loan amount was $862,270. These stats are the average of all the loans which were funded between April 1, 2024 and June 30, 2024 by the many hard money lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 California Hard Money Lenders
According to Forecasa™, here are the Top 10 Hard Money Lenders ranked by the number of loans originated in California from June 2023 to May 2024.
- Kiavi
- Center Street Lending
- Conventus LLC
- Anchor Loans
- Val Chris Investment Inc
- Easy Street Capital
- Genesis Capital
- Merchants Mortgage and Trust Corporation
- Wholesale Mortgage Bankers (Fidelity Lending Solutions)
- Velocity Commercial Capital
Forecasa™ gives investors and lenders in the private real estate market powerful analytics and actionable insights. They help you skip the hassle of combing county records and focus on closing deals. With detailed market trends, investor and lender activities, and competitive benchmarking, you can make smart, strategic decisions. Some of their services include dynamic market reports, transaction-level details, customer analytics, borrower verification, and in-depth profiles of investors, lenders, and capital partners. You’ll find their top lenders data for many other states on our platform.
California Hard Money Lending Guidelines
California has lots of hard money lenders that offer short-term loans secured by real estate. Here are the typical hard money lending guidelines for most lenders in California as of March 2024:
- The interest rates for hard money loans in California range from 9% to 12%.
- For a 2nd mortgage in California, most hard money lenders charge 11% to 14%.
- Most California hard money lenders charge an origination fee (aka points) between 2% and 3%.
- The loan amounts range from $100,000 to $20,000,000.
- The maximum loan-to-value (LTV) for hard money 1st mortgages is 70%.
- The maximum combined loan-to-value (CLTV) for hard money 2nd or 3rd mortgages is 65%.
- 2nd mortgages are common in California, and some lenders even consider 3rd or 4th lien position.
- The loan term for most California hard money lenders is 1 year, but some lenders will go up to 5 years.
- Most lenders have a 6-month minimum term (interest guarantee). Some do not have a prepayment penalty.
- The payments for most hard money loans are interest-only, and the entire principal amount is due at the end of the loan term.
- A few hard money lenders in California amortize all of their loans over 20 years.
Hard money lending is mainly for investment properties, but California has some unique laws that enable hard money loans to be secured by a borrower’s primary residence.
Select a Metro Area
California is a large state, and many hard money lenders focus on particular metropolitan areas. Filter your search by selecting a metro area:
Northern California: SF Bay Area | Sacramento | Lake Tahoe
Southern California: Los Angeles | San Diego | Orange County | Riverside County | San Bernardino County | Santa Barbara
Central California: Central Valley | Bakersfield | Fresno
Hard Money Loan Transactions in Orange County
Equity Cash-Out Loan for 3-Unit Rental Property in Santa Ana, California
$595,000
Diversified Mortgage, one of California’s oldest and lowest-priced private lenders, funded a $595,000 1st lien position hard money equity cash-out loan secured by a 3-unit residential rental property in Santa Ana, Orange County, CA. The property value was estimated to be $1,260,000 so our loan-to-value was 47%. The subject property was owned free and clear of any debt at closing. It was fully occupied and cash-flowing. The triplex was in decent condition and didn’t need any major repairs. The cash out was needed for purposes unrelated to the subject property. The Borrower had fair credit. They plan to continue leasing the property and eventually refinance as an exit strategy. The interest rate was 7.95% with amortized payments and we charged 3% origination points. The loan term was set at 48 months. This hard money loan was funded in March 2023.
ARCH Loans, a private lender, funded a $1,750,000 1st lien position hard money loan for the acquisition of a single-family home in Corona Del Mar, California. Corona Del Mar is a coastal city in Orange County. We funded 100% of the purchase price. 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. This SFR hard money loan was funded in November 2018.
