Southern CA Private Money Lenders for Real Estate Investors
Here is a list of private money lenders for real estate in Southern California - LA, OC, SD, Inland Empire, and other areas. Use a private mortgage to get fast funding for a SoCal 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.
In July 2017, SDC Capital funded a cash-out 2nd lien loan on a triplex near Century City for a repeat borrower. Our borrower attempted to obtain a conventional loan secured in 2nd position by his triplex but at the last minute, the bank denied him. He came to us needing a quick closing due to the last minute denial and we were able to accommodate him by committing to the loan within 3 days without requiring an appraisal. We work hard to provide great service to our borrowers as our goal is for all borrowers to become repeat borrowers. SDC Capital committed to this loan within 3 days of receiving the loan request and did not require an appraisal. The interest rate was 9% and the loan term was 12 months.
Private Money Loan for Long Beach Residential Investment Property
In July 2015, Wilshire Quinn Capital funded a $450K private money refinance loan secured by a vacant single family home in Long Beach, California. The proceeds from the loan are being used to complete a minor rehab on the property. The property consists of more than 2,100 square feet with 4 bedrooms, 2 baths, on a 9,000 square foot lot. The property was appraised for $825,000 so the loan-to-value is 55% LTV. We paid off the previous lender and provided the equity cash out funds just 4 days after the initial request. The Borrower plans to rent the home and a bank refinance will pay off this 1st trust deed private mortgage.