Hard Money 101: Everything You Need to Know


If you are looking for your first bridge loan lender California, it’s important to understand the distinct features of hard money loans. That way, when you go seeking the right lender for your next acquisition, you’ll know that you are getting the best deal you can find on financing for your property. 

What You Need to Know About Hard Money Loans 

There are a few key facts about the features of hard money loans you should know before you try to shop around for the right loan for your property acquisition: 

• Hard money loans are typically for a period of 12 months, but you can find loans with terms between six months and three years if you look. 
• Loans close with as little as 10 percent down. 
• Appraisers should be able to use an estimated after-repair value rather than the current value of the property when determining the size of loans. 
• Every company is different in the outcome of its estimates, and it is to your advantage to have an accurate appraisal that matches the market. 
• Loan payments are typically interest-only until the lump sum payment when the property sells. 
• It is often possible to refinance hard money loans into traditional commercial real estate loans after repairs are completed. 

Finding a Bridge Loan Lender in California 

If you are looking for a company with experience and a reputation for putting customer service first, you don’t need to go searching for “private money lenders near me,” just check out the loan offerings at North Coast Financial. With the experience that comes from facilitating funding for over $800 million worth of California real estate, the company’s track record and customer testimonials tell you everything you need to know about the effectiveness of their funding packages. For more information about individual loan types, check out the company website.

Take these financial tips into account and your loan status will be greatly improved!


I hope you enjoyed this article about everything you know for your financial loan needs.

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