|
We Make California Hard Money Loans.
Hard money loans are loans made outside of institutional lenders.
Our hard money loans are made through a combination of money we
control in a private hard money pool and through individual private hard money
investors.
Private hard money loans offer greater
flexibility than institutional financing. Hard money is a blanket
term for many different types of loans. There are many different
funding sources for hard money loans, with the majority of our hard
money loans falling into two categories. Our loans generally are
funded either through a hard money pool, or through fractionalization.
Hard money pools are
pools of money, managed by a fund manager. The fund manager, or
management company, makes funding decisions based on the guidelines of
that particular pool. The plus to funding with a hard money pool
is that the money is available. Funds do not need to be raised as
they do with fractionalization or placement with a private individual.
Once the file is underwritten and docs are signed, the money is
available to fund the hard money loan.
Fractionalization is
another source of hard money loans. Fractionalization is where you
have multiple investors on one loan. Each investor owns a
percentage of that loan, based on the percentage that investor funds.
When hard money loans fall outside of the guidelines of a pool,
fractionalization oftentimes offers expanded solutions, depending on the
risk tolerance of the individual investors. The downside to
fractionalization is that you must obtain funding from each individual
investor before the hard money loan will fund. Usually this is not
a problem, but depending on the number of investors, it can sometimes
make for a slower funding.
Qualifying for a private
hard money loan is
usually straight forward. Depending on what type of
loan you are in need of, the documentation we require can differ.
Feel free to navigate our site to learn more about the documentation and
qualification process for the different types of private hard money loans
available.
If you have a general inquiry, please
complete our
private hard money loan form and we will be in contact with you
within 24 business hours. We make private money loans, and will
never sell or distribute your personal information.
If you would like a quicker response,
or need to discuss your hard money loan needs, please feel free to
call Chris Goulart directly.
|
