• Rates from 8.99% and 1 point

• Same-day Approvals, Funding in Days

• No Appraisals (most scenarios)

• No tax returns or pay stubs required

• No minimum DSCR

• No prepayment penalty (available)

• No advanced lender fees

• Up to 70% Loan-to-Value

• Closings in as few as 7 days

Call us now at 818-933-5920 to speak directly with a decision maker. Or, please complete the form if you would like us to contact you.

Riverside CA Hard Money Lenders

Real estate investors in need of quick funding and flexible loan terms use hard money loans in Riverside to purchase and renovate much of the aging inventory in the most mature real estate market in the Inland Empire. Real estate investors continue to benefit from the continued demand for housing over the past decade, with buyers seeking more affordable housing outside of the more expensive coastal markets. Downtown Riverside continues is transformation from a sleepy historic area to thriving live-work-play community. Real estate investors in need of flexible loan terms and alternative financing have turned to private money bridge loans to fund the conversion of older run-down retail space to mixed-use housing close to downtown amenities.  Existing business owners in Riverside, in need of quick cash or alternatives financing due to pandemic, have also borrowed from hard money lenders focused more on the equity in their home or commercial property, rather than recent business performance metrics, which may have fallen below bank standards.

What’s The Difference Between Private Money Lenders And Traditional Banks In Riverside?

Many people, including newer investors, want to know what the differences are between hard money loans and traditional bank loans.

-       Fewer Requirments: The requirements for a hard money loan to get approved are fewer than bank loans. Hard money loans are based on a hard asset meaning the approval process is based on the asset itself, its characteristics, and value.

-       Funding Speed: Hard money loans are known for their fast approval and fast funding timelines. Bank loans typically take 4-6 weeks to close while hard money loans can close in as little as 7 days.

-       More Expensive: While traditional mortgage rates on a conventional home loan are around 3% on average, hard money loan interests rates are in the 8-12% range.

Are Hard Money Loans Good For Residential Properties In Riverside?

Since hard money lenders do not care about your financial history, newer real estate investors with little/poor credit history and experienced real estate investors with poor credit history can take advantage of hard money loans. The fast and streamlined lending process allows real estate investors to secure funding for residential deals in as little as seven days.

Are Hard Money Loans Good For Commercial Property In Riverside?

Hard money loans are great for commercial properties, too. The documentation process when applying for a loan from a bank drags the process out for weeks and sometimes months. In as little as 8-12 days, you can secure a commercial loan from a hard money lender for up to 70% of the property’s value.

Hard Money Loans Good For Fix & Flip Property in Riverside?

If you’re a rehabber in Riverside, you’re looking for any competitive advantage you can get in a competitive industry. You make your money by buying distressed properties, repairing them, and flipping them for a profit. This is a process that moves fast, meaning you need a funding source that moves quickly, too. For this reason, hard money loans are great for fix & flip businesses.

Cash-Out Refinance Loans With A Riverside Hard Money Lender, How?

Hard money lenders have flexible lending guidelines allowing real estate investors to quickly refinance their current properties and pull out cash. Leveraging your investment property's equity allows real estate investors to invest in more properties, make repairs, or pay off debt.

The Bottom Line

If you’re a real estate investor in Riverside, consider working with the team at SDC Capital on your next real estate deal. We offer competitive rates, fast approval, and deep knowledge of the Riverside real estate industry. Call us today to discuss your needs and learn how we can help you grow your business.

Please see our lending parameters below.  

●     California-only direct lender

●     LOIS within 24 hours

●     No appraisal for most LA/OC County scenarios (we walk the property ourselves)

●     No tax returns or pay stubs required

●     No minimum DSCR

●     No prepayment penalty (available)

●     No advanced lender fees

Recent Hard Money Loans in the Riverside County

Riverside, California

Riverside is the birthplace of California’s citrus industry and is most highly populated city in Riverside County and the Inland Empire.

Much of the residents in Riverside commute to Los Angeles and Orange County for work, but housing demand also stems from the rapid rise in employment for distribution centers and logistics supporting online commerce activity in the Inland Empire.

Demand for industrial buildings for warehouse and distribution centers to support online commerce has fueled above average commercial real estate development activity in Riverside and neighboring Inland Empire submarkets with more available land to build.