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Looking for a competitive hard money loan? With a wealth of experience financing hard money loans, Coastal La Jolla Funding is a respected leader in acquiring financing for people with less-than-perfect financial situations. Coastal La Jolla Funding offers hard money loans at the best rates available to help our borrowers acquire a fair and competitive hard money loan. We have a professional team of hard money lenders located in La Jolla, California, prepared to work for you. We quote only the most competitive hard money loan rates for California and Florida hard money loans, helping you to make the best loan decision possible. If you need advise or help with a hard money loan, don't hesitate to make the call to our San Diego based office.
Coastal La Jolla specializes in:
• California Bad Credit Loans
• Hard money loans
• California Hard money loans
• California commercial hard money loans
• Real estate hard money loans
• Business hard money loans
• Hard money construction loans
• California subprime loans
• California residential hard money loans
• Hard money loans for bad credit
Minimums for Hard Money Loans
Our Hard Money Loans begin at $150,000 and go up to $20 million. For residential purchases in California, we can finance up to 80% of the loan requested, in many cases. Typically for a hard money residential loan, we require at least 25% equity in land or liquid assets as sufficient collateral.
For commercial hard money loans, we require at least 25% equity in a property (a LTV not to exceed 75%). The state in which the principal or borrower lives will affect the loan amount and the hard money loan terms.
Pre-qualifying for a hard money loan
Pre-qualifying with our hard money lender team for a hard money loan is easy, fast and getting started is just a click away. Either fill out our online application or phone our Director of Operations to see whether you qualify for a hard money loan.
Craig Cecilio
ph: (858) 456-2423
fax: (858) 225-3683
hard money loan application
How do you proceed with a Hard Money Loan?
Coastal La Jolla Funding has a very practical and easy approach to lending, setting you on your way to succeed at procuring the financing that you desire.
HARD MONEY LOAN TERMS: Flexible loan terms up to several years or more
LOAN SIZE FOR A HARD MONEY LOAN: From $150,OOO to $20 Million
COLLATERAL: Real estate and other fixed or liquid assets are typically need to qualify for a hard money loan.
Fast Turnaround and Great Service for Hard Money Loans
Coastal La Jolla Funding provides hard money loans that are uniquely tailored to fit the specific needs of our clients. Best of all, we works quickly and efficiently, often providing secured hard money loans in the time it takes mostbrokers just to call back.
Repayment on a hard money loan
Repayment on a hard money loan normally runs up to 20 years, although this will certainly differ based on loan specifics. Interest rates on our standard hard money loan is variable and individual loans are quoted either at a discount or premium to our base lending rate. The discounts and premiums primarily depend on your financials and collateral.
For more information on our hard money loans, you may reach us at:
office phone: (858) 456-2423
office fax: (858) 225-3683
General Hard Money Loan Information
Hard Money Loan Definition:
A hard money loan is a short-term bridge loan that is used for acquisitions, turnaround situations, foreclosures and bankruptcies. Interest rates, although high on business hard money loans, are less costly than taking on a financial partners or losing the real estate opportunity altogether.
Who are Hard Money Real Estate Loans Ideal for?
Hard money real estate loans are ideal for borrowers who are unable to obtain funding through a conventional source. The properties or the borrowers are often clouded by legal or operational problems. Business hard money loan lenders can often help solve the problems and get the property repositioned for a conventional refinance.
Hard Money Loan Lenders
All hard money loan lenders are different. The hard money loan lenders we refer clients to will usually consider income producing properties such as apartments, condo/co-op conversions, retail/shopping/strip centers, mixed use properties, industrial, office buildings, hotels/motels, medical, mobile home parks and restaurants, as well as non-income producing properties such as land acquisition, development and construction, bank workouts, foreclosures and bankruptcies.
How long do hard money loans typically last?
Hard money loan terms are typically no longer than two to three years. The reason is simply that a longer term becomes too expensive for the borrower. With hard money loan lending, the goal is to have the borrower in and out of the hard money loan as quickly as possible. The hard money loan lender will analyze each transaction during the due diligence process for "good risk" -- to be sure that a property can be repositioned for conventional refinancing or sale within one or two years.
Hard Money Loan Equity
The amount of equity needed for a hard money loan depends on the quality of the real estate and the hard money loan lenders themselves. The hard money loan lenders of Coastal Coastal La Jolla Funding prefer 20% to 25% equity.
If you would like to apply for a hard money loan through the Coastal Coastal La Jolla Funding, click on our hard money loan application.
For information on hard money personal loans, click on our hard money personal loans. For a printable version of our hard money loan page, click on our hard money loan Print page.
Hard Money Loan Types offered:
California residential hard money loans
California construction hard money loans
Hard Money Loans
California Bad Credit Loans
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