Benefits of Buy and Hold Loans in California
If you're looking for a reliable way to invest in California real estate, consider buy and hold loans. We offer financing for these types...
I am Kevin Green, a Broker Associate with over 2 decades of experience in commercial mortgage bridge loans and residential mortgage originations. Along with Ryker Capital, I help others to also invest in real estate property by offering commercial bridge loans for purchase or refinance. In fact, we specialize in providing funding to real estate investors throughout California.
We are bridge lenders committed to providing reliable, fast, and friendly services. Thus, we promote excellence and education in the private lending sector. Also, we take pride in offering customized services from our client’s perspectives.
I am Kevin Green, a broker associate with over 2 decades of experience in commercial mortgage bridge loans and residential mortgage originations. My passion for real estate is what made me an active investor. Along with Ryker Capital, I help others to also invest in real estate property by offering commercial bridge loans. In fact, we specialize in providing funding to real estate investors throughout California.
We are occupied bridge lenders committed to providing reliable, fast, and friendly services. Thus, we promote excellence and education in the private lending sector. Also, we take pride in offering customized services from our client’s perspectives.
Loans up to 75% of the purchase price, appraised value, or Broker opinion of value
No Minimum Fico scores as we look at credit history.
Higher LTV”s on a case by case basis with cross collateral.
Loan Application Approval Timeline
Same day approval on your loan available
Fees
No appraisal fees (in most situations) and no hidden junk fees
Loan Amounts
$100,000 to
$20 Million
Loan Terms
6 to 36 months
Time to Fund Loan
As few as 3-5 days if needed
Loan to Value (LTV)
Up to 75% of current value of property
Because people use many terms to address commercial bridge loans, it is important not to get this loan type confused with others. Some commercial bridge loan lenders call them commercial hard loans, while others call them private money loans. No matter how you address these types of loans, they are asset-based loans offered by lenders like us, to those looking for commercial financing. The application process for bridge commercial loans comes with the least paperwork and fast approvals.
Furthermore, we base the money we loan you on the commercial property value you use as collateral. This means you don’t have to have a high credit score, since this loan isn’t as strict as other loan types when it comes to your credit report.
This type of loan is ideal for borrowers with lower credit scores or those who want to avoid a difficult and long approval process. Therefore, if your credit score is lower, your income history limited, or are having a hard time providing documentation to verify your finances, and you need a loan fast, this might be the best solution for you.
Bridge loans for commercial properties offer many benefits such as flexibility, out of the box underwriting, and a fast and easy application process that we can complete in one day. You can also apply with a limited income or lower credit scores, and we can provide you with financing on most real estate investments and commercial properties, which some traditional lenders just won’t finance.
You can get approved in hours and loans closed in days rather than months. You also have the privilege of working with a direct lender without any broker or middleman to slow your loan down or complicate things.
Commercial, multifamily/apartment buildings, mixed use, SFR 1-4 units, condos/townhomes, office, industrial, retail, medical buildings, special use, land, and construction.
Applying for a commercial hard money loan is pretty straightforward. Here is a sample process:
Contact me over the phone. You can reach me at 415-793-3403. You can also send an email at Kevin@rykercapital.com, so you can schedule an initial consultation.
Pre-Qualification: Before the loan process actually begins, and is usually the first step after initial contact is made. In a pre-qualification, the lender gathers information about the borrower and property being used as collateral for the loan. The property itself is typically the single most important factor when determining whether or not to move forward in the loan process. Other factors, to a lesser degree, include borrower credit and financial stability.
Credit: Your score, history of on-time payments, and how much debt you carry (your debt to income ratio)
Capacity: Your ability to pay off your mortgage based on your monthly income and bills
Collateral/Value: If the property is worth as much or more than the amount you’re borrowing
On a typical loan, these three Cs’ are analyzed in detail during the underwriting process. The good news for hard money loans is that underwriters focus more on the collateral value rather than your capacity or credit, making it easier to get approved.
We are proud members of the “American Association of Private Lenders” and the “California Mortgage Association”. In San Francisco, CA we helped with a $2 million dollar loan, in San Joaquin County we gave out a $1.1 million dollar loan, and in Orinda, CA we assisted with a $945 thousand dollar loan, and much more. We have already provided a lot of funding to help commercial and residential mortgage brokers, real estate investors, and commercial and residential realtors in California and we can help you too.
Our loan program focuses on three key items: the real equity in your property, the borrower’s ability to service a new loan, and the exit strategy of the borrow, meaning how the loan will be repaid.
We offer the following loans to companies and individuals: refinancing, equity cash out, acquisition, bridge loan owner occupied, commercial and residential, and construction, rehabilitation, and remodeling (no ARV loans).
We are always straightforward with you. If we can’t help you, we will refer you to another private lender who may.
Let us help with the funding of your next investment or project with a bridge loan. Fill out the contact form below now to learn more about bridge loans.