San Diego Hard Money Rehab Loans

We have had an influx of investor money looking to be placed in San Diego hard money rehab loans lately.  The real estate market in this area is doing quite well, and we have had some successful borrowers and projects in the area recently, helping to fuel investor appetite for these hard money rehab loans.

In addition to the hard money rehab loans for the San Diego area, we can also help with ground up construction as well as construction completion projects.

Our hard money rehab loans in San Diego, as well as the construction and construction completion programs offered, are typically made based on the after repair value of a property, or ARV.  Usually we are able to obtain funding of up to 65% of the ARV on a property.  In addition, a fund control is set up for the work to be done, as well as an interest reserve.  The goal is to have all funds available for the project funded upfront so that once the transaction closes our clients can focus on rehabbing the property.  

Having no payments due out of pocket for the projected term of the project is one goal we strive for.  Depending on the scope of the project, we may impound 4-6 months or more of interest.  This interest is not guaranteed, so any unused portion of these funds is refunded.  There is no prepayment penalty on these loans either - we do not penalize investors who have the ability to be in and out of a property quickly.

All fees and costs on these hard money rehab loans are front loaded.  Once the transaction is closed you are not responsible for additional inspection fees nor fund control fees.  In addition, we do have the option to structure fund control that will give advances for work to be done rather than pay in arrears for work already completed.  For investors looking to leverage their cash this can be a benefit, be sure to ask about that program!

Most of the qualifications for our San Diego hard money rehab loans are based on the property or project.  We do not have minimum credit scores required, although we do ask for explanations for major credit issues or recent derogatory accounts.  In addition, often times we can help finance a project without the need for an appraisal.  A simple site visit can take the place of a full blown appraisal on many of our programs.

For more information, or to discuss a scenario, give us a call at 877 462 3422.  Or visit our website to learn about our California hard money loans.  Usually with a ten minute phone call we can discuss your project, numbers and give you a good idea of how we can help.