WHY KEVIN
Your Go-To Hard Money Loan Provider in San Francisco
We are a specialty finance company providing hard money loans for investors in San Francisco. Our hard money lender experts streamline loan application services to ensure you secure your new property in no time. Kevin has the experience and the capital to move fast.
THE PROGRAM
San Francisco 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
Access Fast and Flexible Hard Money Loans in San Francisco
From the diverse culture and beautiful scenery to the Silicon Valley drawing in young professionals, the city of San Francisco has something for everyone. This offers a great opportunity to start investing in real estate in the area.
Since applying for a mortgage is time-consuming, you can risk losing out on a particular investment property. To avoid this, you should consider applying for our hard money loans in San Francisco. Whether you're interested in buying residential or commercial property, our hard money lenders can help you get the financing you need to make a purchase.
The property comes first.
Questions on a specific deal? Call 415.793.3403.
THE LOANS
Our Hard Money Loans Services
Asset-based underwriting asks a different set of questions than a bank does. There are three, and the answers determine everything.
Residential Hard Money Loans
Looking to invest in residential property? Our residential hard money loans in San Francisco can help you buy the property of your dreams—whether it's new or a fixer-upper.
Commercial Hard Money Loans
We understand how critical it is to move fast when you're dealing with commercial real estate purchases. This is why we offer fast and easy commercial hard money loans in San Francisco to make the process seamless.
Bridge Loans
In case you are stuck between getting the finances to buy a new property and selling your previous one, our bridge loans in San Francisco can come in handy. We allow you to borrow equity from an existing property to purchase a new property.
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 San Francisco
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.
WHEN IT FITS
When to Get a Hard Money Loan in San Francisco?
Low Credit Score
Banks and other traditional lenders won't give you a loan if you have a low credit score. But that won't happen with us. Our hard money lenders are more focused on your equity rather than your financial situation.
Need Funds Fast
We don't want our clients to lose a chance to acquire their dream property. This is why our application can be completed in a day to ensure you get the money fast.
Need Flexibility
You can negotiate terms with hard money loans since you are dealing with our private lending offered by Kevin Green.
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 San Francisco. 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.