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...
Kevin Green and Ryker Capital is a California-based company. I fund and finance residential and commercial loans for investors and property owners in California. I can help you fund a variety of commercial properties including retail shopping centers, industrial buildings, office buildings, and apartment complexes, warehouses, and more. Check us out today!
Kevin Green has been in the industry for more than 24 years. I have provided exceptional service to many real estate investors in California.
My fast, reliable, and straightforward approach to private and hard money loans is exactly what makes us the top company that many investors go to for their commercial private and hard money loan needs. I understand the real estate market and know how to help you in whatever situation you may be in.
As for new investors, we make sure to help you understand the process and educate you on how your specific loan will play a role in your financial success. We want you to succeed, and our goal is to provide the best loan options for you, all as a direct lender.
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.
Same day approval available
No appraisal fees (in most situations) and no hidden junk fees
$100,000 to
$20 Million
6 to 36 months
As few as 3-5 days if needed
Up to 75% of current value of property
There are many terms used to address commercial hard money loans, so it’s important to avoid confusing this type of loan with others. Some commercial hard money lenders call them private money loans, and some call them bridge loans.
A commercial hard money loan is asset-based lending that is offered by lenders — such as Kevin Green and Ryker Capital — to those who are looking for commercial financing with the least amount of paperwork and a fast approval process. I will loan you money based on the value of the commercial property you’re using as collateral, which means that credit score requirements are not as strict as they are for other types of loans. This type of loan can be beneficial for borrowers who have less than stellar credit or want to avoid going through a long and difficult approval process.
Private lending offered by Kevin Green and Ryker Capital might be for you if you are having a challenge with your credit score, if you have a limited income history, if you need a loan quickly or if you have difficulty providing documentation of your financials.
This type of loan offers flexibility, with many addtional benefits:
The application process is fast, easy, and can be completed in one day.
It has zero cost upfront with no contract.
We can finance you on most commercial and real estate investment properties — which a traditional lender will not finance.
You can apply even if you have a bad credit score or a limited income.
All of California, with specific emphasis on the SF Bay Area, Lake Tahoe, Sacramento County, Ventura County, Santa Barbara County, Los Angeles County, Orange County, and San Diego County. Outside of California, I have 2 million dollar minimum loan size requirement. I will lend on purchase or refinance transactions for all types of commercial properties and SFR 1-4 unit non-owner occupied properties. Check list of our lending areas here.
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.
When you plan to get a commercial hard money loan, make sure to consider all the different types of loans available to you. Commercial hard money loans are not meant for every investor.
Here are some of the best scenarios for getting a commercial hard money loan:
You need a quick approval loan and can’t wait very long.
You have been turned down by a bank for a loan due to your personal credit score or the condition of the property you are looking to purchase.
You want to minimize your taxable revenue.
You opt for a loan that is not strict in requirements so that you may have a higher chance of approval.
You are a foreign national that wants to invest but does not have enough credit depth.
You want to settle your balances for your property to avoid foreclosure.
Your property needs a lot of repairs, has unpaid utilities, or you plan for renovation
If you are unsure if your personal circumstances qualify for a hard money loan, please feel free to reach out to us. We will be able to help you determine if you are eligible for such a loan, so you can take advantage of its many benefits.