HARD MONEY LENDER | SAN DIEGO, CA
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 818-638-9982 to speak directly with a decision maker. Or, please complete the form if you would like us to contact you.
San Diego, CA Hard Money Lender
San Diego, known for its beautiful beaches, year-round sunshine, and rich culture, draws visitors from all over the state, country, and world. San Diego's real estate market is booming, so it’s no wonder that real estate investors are buying, rehabbing, and building residential and commercial properties throughout the Greater San Diego market. If you don’t qualify for a traditional loan or need money fast, SDC Capital can get your hard money loan in San Diego approved without the hassle of a bank.
What’s The Difference Between Private Money Lenders And Traditional Banks In San Diego?
With so many options available for real estate investors and those looking to purchase a home, it can be challenging to decide what type of funding is right for you. You may also be wondering, why not just go to a traditional bank for a loan? Securing a hard money loan can be advantageous over working with a bank. Hard money loans can close in as few 7 days. Banks can take in excess of 45-60 days to complete, and qualifications depend heavily on the borrower’s personal income and credit score. In a hard money loan, the borrowers qualify largely based on the equity value in the real estate.
Are Hard Money Loans Good For Residential Properties In San Diego?
Residential real estate deals can happen at a moment's notice. Whether you’re on the hunt for a single-family property, duplex, or apartment, a hard money loan in San Diego can help you stay one step ahead of the competition. A hard money lender can fund it in as little as seven days if your loan scenario makes sense.
Experience goes a long way when it comes to real estate investing. Just like having experience helps you vet deals, having an experienced hard money lender will help you finance them. Due to the increased competition in the San Diego real estate market, more and more buyers are making all-cash offers or using a hard money loan to close faster. Most real estate investors simply don’t have the cash on hand to fund the types of purchases they want to make. If you want to strengthen your position in an all-out bidding war, then a hard money lender in San Diego can help you bring the most competitive offer to the table.
Are Hard Money Loans Good For Commercial Property In San Diego?
Hard money lenders in San Diego also have the resources to help you get commercial property deals across the finish line. A reputable private money lender can tailor a loan to fit whatever property you’re investing in, from office buildings in Oceanside, industrial space in Carlsbad, retail spaces Escondido, and much more. With a commercial hard money loan (also called a “private-money” or “bridge” loan), the lending decision is based largely on the commercial property’s equity value, with less reliance on the borrower's credit or personal income. This allows hard money lenders to fund projects that may fall outside of traditional lending guidelines. A conventional bank will take 2-3 months to deposit money for a loan on a commercial property. A hard money loan from SDC Capital can be at your disposal in as little as 7-10 days.
Commercial hard money loans are outstanding for individuals who don’t have the credit depth (like foreign nationals) or anyone who needs funding fast. When the bank says no or can’t close on time, consider a hard money loan from SDC Capital.
Hard Money Loans Good For Fix & Flip Property in San Diego?
Experienced fix and flip investors can renovate a property in as little as a few weeks. That’s often less time than it can take to get approved for a loan with a traditional bank. Waiting sometimes months to secure funding can be fatal in a business as fast-paced as real estate investing. This is why hard money lending is the way to go for real estate flippers. Hard money loans are designed to help fund the cost of a renovation project so you can secure your funding, rehab the property, flip it to a buyer at top dollar, then move on to the next property.
Liquidity and speed are the names of the game in the rehab business. Hard money lenders in San Diego a familiar with the timeline to renovate property and can make new funds available at different stages of your renovation as work is completed, to help keep your fix and flip project moving forward.
Cash-Out Refinance Loans With A San Diego Hard Money Lender, How?
Cash-out refinance loans are a great way for real estate investors to take equity from an existing project to reinvest the funds in another. Using a cash-out refinance loan, you can quickly receive funds for your San Diego real estate project using a cash-out refinance loan. These funds can be used for various purposes, including paying off debts, purchasing another property, or covering the costs of a renovation. A cash-out refinance loan replaces the first mortgage taking first position. This means that if the property is owned free and clear, the cash-out loan amount can add up to be 80% of the as-is (pre-rehab) value of the property.
It can be challenging for a real estate investor to use traditional methods to secure funds with poor credit or no proof of income. Cash-out refinances are among the most common loan types we see come across our desks in San Diego.
What is a Hard Money Loan In San Diego?
It’s safe to say that most real estate investors (new and experienced) struggle with finding financing for real estate purchases through mortgages, credit lines, and other traditional methods.
Hard money loans are unique short-term loans for real estate investors only where funds are secured by real property instead of the borrower's creditworthiness. The biggest difference between hard money loans and traditional loans is that your house secures the loan. This means that borrowers with less than stellar credit histories can secure funding. Our lenders use based guidelines to evaluate your request.
Hard money loans come with a huge upside and a bit of risk. They typically come at a higher upfront cost and have higher interest rates. For real estate investors that like to move fast and have their capital freed up to make multiple transactions, this is exactly what they’re looking for.
When evaluating hard money lenders, paying attention to the associated fees, interest rates, and loan terms is essential.
Benefits Of A Hard Money Loan
Savvy real estate investors know the many benefits of hard money lending and can use them all to their advantage.
Here are a few:
- Flexible Underwriting: Hard money loans go through less underwriting, meaning financing in as little as seven days. Still, make sure you come prepared for the underwriter's questions about the property and your experience. Break down your projects schedule and finances in detail. At SDC Capital, our disciplined underwriting process allows us to make immediate decisions.
- Faster Funding: With funding timelines being 7-10 days instead of 30-60 with traditional loan methods, hard money loanees can be extremely advantageous since they can close quickly on hot properties.
- Low Credit Can Still Qualify: Hard money lenders typically evaluate a deal based more on the amount of equity you have in the property (based on Loan-to-Value), and less on the borrowers personal income or credit score.
Who In San Diego Typically Uses a Hard Money Loan?
● Real estate buyers who need cash quickly
● Borrowers with income producing property with high vacancy or below market rents
● Borrowers who have limited or poor credit
● Investors with multiple properties who are looking to cross collateralize one or more properties to get to the desired loan amount.
● Flippers who buy, repair, and immediately sell properties
The Bottom Line
At SDC Capital, our goal is to help our clients find funding to reach their goals in real estate. Offering loans for single family residential, apartments and other commercial property types. Our team provides quick answers and a simple process, LOI’s within 24 hours, flexible terms to meet your needs, and much more. Get a quote or call us today at (818) 638-9982.
Recent Hard Money Loans in San Diego Area
San Diego, California
Most of the residents of San Diego County live near the coastline, which stretches over 70 miles from San Onofre to Imperial Beach.
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Hard money mortgages are available in the following San Diego County cities: San Diego, Chula Vista, Oceanside, Escondido, Carlsbad, El Cajon, Vista, San Marcos, Encinitas, National City, La Mesa, Santee, Poway, Imperial Beach, Lemon Grove, Coronado, Solana Beach, Del Mar
California Hard Money Lenders
Securing hard money financing in California doesn’t have to be difficult. SDC Capital offers fast, flexible bridge loan solutions across the state, giving real estate investors the capital they need when traditional lenders can’t provide the support.
With our local expertise, we can help you close your next deal quickly and efficiently. Discover our hard money lending options in key California locations: