Looking for a CA hard money lender with an ARV higher than 75%

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Looking for a CA hard money lender with an ARV higher than 75%

Justin Pumpr
Oakland, CA · Member since 2015 · 109 posts · 41 votes

Hi,

I'm looking for a hard/private money lender in California that can lend above 75% of ARV. I'm ideally looking for something closer to 85%, as everything in CA is incredibly expensive!

Thanks,

Justin

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  • Mark Pedroza
    Real Estate Agent · Sacramento/Placer ~ San Francisco Bay Area counties · Member since 2012 · 1k+ posts · 743 votes
    7y

    Hopefully @Chris Mason will help out...

    0Reply
  • Reginald TrussPro Member
    Lender · Toledo, OH · Member since 2015 · 1k+ posts · 96 votes
    7y

    I am currently working with a lender in CA, but I need these basic questions answered. Also an email address.

    Where is the property located?

    How much money do you need?

    How much down payment?

    What type of property is it (1-4 Unit, SFR, etc

    Reggie Truss

    0Reply
  • Justin Pumpr
    OP
    Oakland, CA · Member since 2015 · 109 posts · 41 votes
    7y

    @Reginald Truss I don't have a specific property at this time, but I'm looking for a lender, so I'm ready when the time comes. That said here are the likely details:

    Location: Oakland area

    Money needed: ~$600-$650,000

    Down payment: 15%

    Property Type: Likely SFR

    Cheers

    0Reply
  • Katie P.
    Real Estate Agent · Oakland, CA · Member since 2016 · 123 posts · 77 votes
    7y

    @Justin Pumpr

    Jesse Grewal EZ Flip Funding 

    1390 Market Street- Suite 200
    San Francisco, CA 94104

    415.659.6577

    I think I've also used Patch Of Land for 85% ARV. Can't remember what the interest rate was, but it wasn't terrible (meaning it was below 8.5%, I believe)

    0Reply
  • Stephanie P.Pro Member
    Washington, DC Mortgage Lender/Broker · Member since 2016 · 4k+ posts · 2k+ votes
    7y
    Originally posted by @Justin Pumpr:

    Hi,

    I'm looking for a hard/private money lender in California that can lend above 75% of ARV. I'm ideally looking for something closer to 85%, as everything in CA is incredibly expensive!

    Thanks,

    Justin

    Depending on your experience level, you should be able to get 100% financing for a short term loan.  Give us a call to discuss at 202-491-6461 

    0Reply
  • Reginald TrussPro Member
    Lender · Toledo, OH · Member since 2015 · 1k+ posts · 96 votes
    7y

    Justin, send me an email address, i'll send you our programs.  Thanks again.

    Reggie Truss

    0Reply
  • Justin Pumpr
    OP
    Oakland, CA · Member since 2015 · 109 posts · 41 votes
    7y

    Thanks @Katie P. Patch of Land will lend 80% of purchase and 100% of renovation. Not terrible, but still a really big outlay for Bay Area properties (~$100k). I'm yet to here back from Fix n Flip.

    @Stephanie P.

    @Stephanie P. I gave that number a call, but Temple only lend to LLCs, or entities which I'm not looking to do at this time.

    It seems everybody wants experience, but to get experience you need the finances in place. It's a big catch 22!

    0Reply
  • Anthony Morgan
    Investor · Waipahu, HI · Member since 2012 · 2k+ posts · 56 votes
    7y

    Hi,

    I am a lender with over 30 program to include 0% Business Funding up to $200K. Are you looking for a Fix and Flip type loan? Do you have any money down? 

    0Reply
  • Account Closed
    Property Manager · Baton Rouge, LA · Member since 2014 · 2k+ posts · 195 votes
    7y

    We can get you up to $300,000 using business lines of credit. Anyway, If you are a real estate investor using your personal credit in your business, You need to stop set up a LLC or use one we provide. Click the image below, and a video will explain what we do. Watch our video then click the link to apply to grow your business.

    Business Funding $250k+

    https://nationalcc.wufoo.com/forms/hamilton-investment-properties/

    0Reply
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