Hard Money Lenders San Diego, California


Hard money lenders are lending companies, or individuals, offering a specialized type of collateral backed loan. They tend to lend short-term capital (also called bridge loans) that provide funding and or cash, based on the value of the collateral - hard money loans; bridge loan - Wikipedia

Hard money lenders utilize all types of collateral, including cars, boats, land, airplanes, hard assets, paintings, etc. in order to complete the loan. Hard money lenders tend to focus on the value of the collateral rather than the borrower's ability to repay. For insance, FICA score, debt to income balance, etc. Hard money loans are based on assests other than an individual's or entity's personal income, as is common with traditional lenders. Hard money lenders typically charge a somewhat higher interest rate than banks because they fund deals that do not conform to bank standards such as verification of borrower's income, assets, or credit score.
 

Bridge Loans


Hard money lenders offer a range of requirements on how much they will lend (loan to value), what types of real estate they will lend on (commercial, residential, multi-family, land), and minimum and maximum loan sizes. Hard money lenders that lend on residential property must be licensed through their state regulatory agency and through the National Mortgage Licensing System (NMLS). Borrowers should verify the lenders license through the NMLS in order to prevent problems at closing, as many states require the lender's license number to be listed on the loan documents. Not having the license number on the loan documents could prevent the loan from closing. The PacFunding Lenders License Number, California Finance Lenders License #60DBO 45548, is clearly listed of all our relevant documents.
 
No Credit / FICO Score Requirements
No Debt to Income Requirements
Prior Foreclosure/Short Sale OK
Self Employed OK
Individuals, Entities, Foreign Nationals, Trusts OK
Multiple Loans to the Same Borrower
Generally, No Reserves Required
Acquisition / Purchase
Refinance
Cash Out
"Fix & Flip" Loans
RESIDENTIAL PROPERTIES:
Single Family Homes (Non Owner Occupied)
Condominiums
Apartments
2 to 4 Unit Complexes
Lot Development
COMMERCIAL PROPERTIES:
Office
Industrial
Retail
Hospitality
Self Storage
Land
Mixed Use
Automotive / Gas Stations
Fast and Professional
In-house Underwriting and Funding
Quick Turnaround
24-48 Hours For Approval
5 to 10 Business Day Loan Funding
Easy Loan Submission and Quality Underwriting.
Experienced Professionals Originating and Underwriting Loans.
Over $35 Million In Loans Funded To Date
Appraisals (Residential Only)
Broker Opinion of Values
Sale Comps
Direct Cap and Discounted Cash Flow Verification

Hard Money Lenders San Diego, CA


At PacFunding we provide...
equity based, business purpose, short term Bridge or Hard Money loans to Borrowers for purchases or refinances secured by real property in Southern California.

At PacFunding, Hard Money Lenders San Diego, CA, we will underwrite, approve and close loans in-house in as few as 5 to 10 business days. No outside approvals required.
SIMPLE.
SWIFT.
DEPENDABLE.
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California Finance Lenders License #60DBO 45548
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