Here are some
examples of private hard money loans we have been working on:
out transaction on a commercial property in a desirable
location. Borrower had excellent credit, and needed cash
out to grow his business. We put together a short term,
cash out loan to net him the money needed when the banks would
not make the loan due to the amount of cash out requested.
completion of a 12 unit apartment building, construction was 80%
done when the property was taken back, we were able to secure
financing for the completion of the construction on a 2 year
term at 12.5% with no prepayment penalty.
Purchase of a
partially completed home in the San Francisco Bay Area. Borrower was unable
to obtain bank financing due to the partially completed nature
of the property, we were able to secure a financing commitment for
50% of the
acquisition cost for 2 years at 11.875% paying interest only
without requiring construction funds be brought in or fund
Cabin on 33+
acres in the Lake Tahoe area. Borrower was unable to
obtain conventional financing due to the unique property type
and large amount of land involved in the transaction. We
made a 3 year loan at 12%, interest only at a 32% loan to value.
If you would
like more information, or have a scenario that needs private
hard money, please complete our
private hard money loan form or call us directly.