WHY KEVIN
Why We're Your Best Choice for California Hard Money Loans
Kevin has been licensed in California real estate since 1998, serving areas across the state, including the Bay Area, San Francisco, San Jose, and Los Angeles. We provide a variety of hard money loan types, such as commercial and residential hard money loans and bridge loans.
We also use our many years of industry experience to educate those just breaking into the real estate business. Knowing the different loan types available to you can help you make the right choices to be successful.
Because more and more people are passing on home ownership in California and choosing to rent homes instead, the doors are opening for property investors to jump in and take advantage of the situation.
Whether you are a mortgage broker, realtor, real estate investor, or similar, we can help you gain the capital you need for financing. While others wait weeks or even months to get approved for a traditional bank loan, we put you ahead of the markets with a fast and easy hard money loan.
THE PROGRAM
Bay Area Hard Money Loan Program
Loan Application Approval Timeline
Approvals typically 12 to 24 hours
Loan Terms
Terms quoted per transaction
Fees
Pricing quoted per transaction - no rate sheet
Time to Fund Loan
Closings typically 5 to 21 days
THE MARKET
Dependable and Trusted Direct Hard Money Loan Lenders in the Bay Area
The real estate market in the Bay Area is hot. With a low housing supply and high demand, properties are selling way over the listing price. Given the intense competition between buyers, most sellers require all-cash offers.
But getting loan approval from banks can be lengthy, making you lose out on investing in the property of your dreams. This is why you should consider obtaining our hard money loans in the Bay Area. We offer fast and dependable hard money loans at reasonable rates. Our hard money lender always ensures your loans fit your financial needs.
The property comes first.
Questions on a specific deal? Call 415.793.3403.
THE LOANS
Hard Money Loans You Can Apply For
Residential Hard Money Loans
Before you get a loan from a bank, they have to check your financial history, credit score, and foreclosures. This can be quite a hassle especially if you need the money fast.
When you work with Kevin Green, you have to worry less about your personal and financial obstacles. Whether you are looking to invest in condominiums, duplex, triplex, quadruplex, single-family residences, or multi-unit projects, we fund residential hard money loans in Bay Area to various residential properties.
Aside from residential properties, we also issue hard money loans for fixer-upper properties. Kevin has the expertise and the capital to finance an investment property purchase or refinance an existing loan.
Commercial Hard Money Loans
Want to buy a commercial property but don't have enough cash? Instead of going through the lengthy bank processes why not apply for our commercial hard money loans in Bay Area. As reputable commercial hard money lenders, we know that commercial hard money loan scenarios can become complex.
This is why we are here to make things easy for you. We have a qualified team that has the experience to understand all aspects of your hard money loan request. Our hard money lenders can help you purchase a variety of commercial properties, including offices, retail and hospitality buildings, and large-scale multi-unit facilities. We have a proven track record of personalizing your commercial hard money loan requests and funding you quickly.
FUNDED
Recently Funded Loans
WHERE AND WHAT
Where Kevin lends
With the heaviest concentration in the San Francisco Bay Area, Los Angeles County, Orange County, San Diego County, Sacramento County, Santa Barbara County, Ventura County and the Lake Tahoe basin.
Ten other states
Also Hawaii, Oregon, Washington, Colorado, Utah, Wyoming, Montana, Texas, Florida and New York. Other states case by case. Minimum loan size is $250,000 in California and $1,000,000 outside it.
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.
Business purpose only. Investment, commercial and non-owner-occupied property.
THE PROCESS
Fast and Easy Process for Commercial Hard Money Loans in the Bay Area
Applying for a commercial hard money loan is pretty straightforward. Here is a sample process:
Contact: Call Kevin at 415-793-3403, or email kevin@privatefundsdirect.com to 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.
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. 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. Underwriters on hard money loans focus more on the collateral value than on your income or credit, making it easier to get approved.
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. After your lender signs all the documents, an escrow agent will hold onto the loan until everything is paid off.
The property is the single most important factor.
Questions on a specific deal? Call 415.793.3403.
THE BASICS
What Is a Hard Money Loan?
A hard money loan is a type of loan provided to you by companies or private lenders that are not involved with any kind of financial institution. These are short-term loans with higher interest rates than bank loans, secured by property, which is referred to as collateral.
Bank loans may have lower interest rates and longer terms, but many people avoid them for several reasons. Not only do you need an excellent credit rating to qualify, but a verifiable financial history is also required to be eligible for a bank loan in the Bay Area. And even if you are approved, it can take months for the approved funds to be useable. While a bank is mainly concerned about your credit score, a hard money lender is more interested in the equity of your property.
One person reads the file and makes the call.
Licensed in California real estate since 1998. DRE #01241542 · NMLS #1130752.