Hard Money Loans in San Francisco
Diversify your investment portfolio with our reliable hard money loans in San Francisco.
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.
Hard Money Loan Rates in San Francisco
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).
San Francisco 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
Our Hard Money Loans Services
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.
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.
Owner Occupied Loans
Do you need a new place to house your family or business? Our owner-occupied loan in San Francisco can help you secure financing for the acquisition of the property.
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.
Recently Funded Loans
Fast and Easy Process for a Commercial Hard Money Loans in California
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.
There are three Cs’ that an underwriter will analyze:
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.
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.
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.
You can negotiate terms with hard money loans since you are dealing with our private lending offered by Kevin Green and Ryker Capital.