Hard Money Loans in Sacramento
Access fast and flexible hard money loans in Sacramento, CA secured against your property instead of your creditworthiness.
Residential and Commercial Hard Money Loans
in Sacramento, CA.
Welcome to your prime resource for hard money loans Sacramento. As the leading hard money lenders in Sacramento, we understand the need for fast, reliable funding. Whether you're a real estate investor, a homeowner in need of quick cash, or someone in between, we've got you covered with our range of tailored loan solutions.
Investing in real estate can be a great way of diversifying your portfolio and building wealth. But sometimes you may not have the capability to part with a substantial amount of cash upfront to invest.
This is where our hard money loans in Sacramento come in. We offer hassle-free commercial and residential hard money loans in Sacramento to help you make your dream investments. Our hard money lenders will work closely with you to tailor loan programs that suit your specific needs.
Hard Money Loan Rates in Sacramento, CA
Rates from 7.99-12% with points starting at 1.5-3.5% of the loan amount.
1st, 2nd, and 3rd mortgages (case by case).
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. (PLEASE, NO ARV LOAN REQUESTS on SFR PROPERTIES).
Sacramento Hard Money Loan Program
Loan Application Approval Timeline
Same day approval on your loan available
No appraisal fees (in most situations) and no hidden junk fees
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
Hard Money Loans California - Tips
Our Hard Money Loan Solutions
We offer a wide range of loan services to cater to your unique needs:
As one of the top providers of residential bridge loans in Sacramento, we make it easy for you to secure the funding you need. Looking for a short-term loan against the equity within a property you already own? We’ve got you covered with our bridge loans in Sacramento. You can use the borrowed funds to buy your new property and later sell the previous property to pay off the loan.
Private Hard Money Loans: Private hard money loans offer a quick and convenient solution for your immediate funding needs. Ideal for both individuals and businesses, these loans can be the key to unlocking your financial potential.
Owner Occupied Loans
With our owner-occupied loans in Sacramento, CA, we'll grant you a purchase loan to buy ready-built property.
Are you intent on buying real estate to rent in Sacramento? This type of investment property can be quite profitable. But you need a lot of funds to achieve this feat. If you’re considering this investment, you should consider acquiring a rental loan from our qualified hard money lender.
Our team of hard money lenders in Sacramento is committed to providing you with top-tier service and tailored loan solutions.
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. All other California counties on a case by case basis. 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. I will also lend on owner occupied SFR properties on a limited case-by case basis. Check list of our lending areas here.
Lendable Property Types
Commercial, multifamily/apartment buildings, mixed use, SFR 1-4 units, condos/townhomes, office, industrial, retail, and medical buildings. Special use, land, and construction on a case by case basis. Discounted note payoffs (1 million and up, no bulk), DIP loans, and bankruptcy buyouts on a case by case basis.
Fast and Easy Process for a Commercial Hard Money Loans in Sacramento, CA
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.
Filling Out a Loan Application: This is where the application really starts. For some other types of loans, the application takes place a day or two after your pre-qualification. For commercial hard money loans, the application takes place on the same day. The lender will ask you for authorization to check your credit rating (in case it’s required), a letter of explanation stating the purpose of the loan, and bank statements or financial statements as proof of affordability. The lender is required to give you a Good Faith Estimate (GFE). The GFE estimates the loan costs, and it’s required to be given to you no later than three days after your application. Also, a Truth in Lending (TIL) statement must be given to you by the lender. This is a disclosure of the loan’s terms and the interest rate charged for the loan.
Processing: Once the application is finished, your loan will begin processing. If it’s required, your credit report will be ordered, and the appraisal on the property that will be used as collateral for the loan is completed. This information — along with verification of employment, income, and assets — will be used to determine if you qualify for the loan. After collecting all requirements, the processor will then submit all the documents to the underwriter for review.
Underwriting: The underwriter assesses whether the risk of lending to you is acceptable. They will review all of the documentation collected by the processor and determine whether or not to approve your loan. If it’s approved, they will also determine what interest rate you qualify for as well as the terms of your loan.
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.
Credit: Your score, history of on-time payments, and how much debt you carry (your debt to income ratio)
There are three Cs’ that an underwriter will analyze:
Approval: Once approved, you will be provided with a commitment letter that tells you all the terms and conditions of your loan. It is important to review and go through this letter with your lender to make sure you understand everything. You will typically need to purchase insurance that covers damage, fire, and theft before the loan closes.
Closing: The final stage is where you will sign all the loan documents and pay any closing costs. The process is similar to when you are applying for a loan. After your lender signs all the documents, an escrow agent will hold onto the loan until everything is paid off.
Why Work with Us?
We have over 18 years of experience in real estate lending, you can rely on us to make your real estate investing dreams come true. Fueled by a deep understanding of our client's needs, our team has funded over 300 hard-money loans in the last two years.
As a premier hard money lender, we have immediate access to funds so you can trust us to move quickly when you need a loan. Our application process is easy and direct with a same-day approval available.
Whether you have little income or poor credit, we understand. Our hard money lenders won’t use this against you. We help all types of borrowers—no matter your financial background.
We are straightforward and this is what makes most of our transactions successful. You don’t have to deal with hidden junk fees or appraisal fees—in most circumstances. What's more, we listen to what your needs are and work fast to provide a customized solution