WHY KEVIN
Why Work with Us?
Unmatched Expertise
Kevin Green has 28 years in California real estate and more than 500 loans funded. You deal with him directly, from the first call to closing.
Fast Approvals
Kevin funds most loans from his own capital, so decisions don't wait on a committee. Pre-approval typically takes 12 to 24 hours, and most loans close in 5 to 21 days.
Asset-Based
Underwriting is based on the property, the equity and the exit, not on tax returns or W-2s.
Transparent
Straight answers early, and no surprises late in the process.
THE PROGRAM
Los Angeles 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
Residential and Commercial Hard Money Loans in LA
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 Los Angeles come in. We offer hassle-free commercial and residential hard money loans in Los Angeles 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.
The property comes first.
Questions on a specific deal? Call 415.793.3403.
THE LOANS
Our Hard Money Loan Solutions
Bridge Loans
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 Los Angeles. You can use the borrowed funds to buy your new property and later sell the previous property to pay off the loan.
Rental Loans
Are you intent on buying real estate to rent in LA? 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.
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 Los Angeles
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 Los Angeles. 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.