What is a gap loan?
Monday, March 16
Gap funding on a private money loan, typically you would see the lender making a loan 70% or 65% of the purchase price; well the gap funds are essentially the second deed of trust behind that first lien. Usually that’s in the form of another mortgage; also called as shared appreciation mortgage.I...
Where Can a Real Estate Investor Get a Construction Loan in the San Fr
Friday, March 13
Our fund is located here in the East Bay in the San Francisco bay area. Construction loans are a lot more hands on.If you’re looking for a private money or hard money loan—construction loan. The lender must be somebody in the San Francisco bay area. This is because we want to be within a relativ...
How Construction Loan Draw Work with Private Money Lenders
Wednesday, March 11
It’s just much like a conventional construction loanWe ask for a line item budget. Line item budget is the line by line item of the cost of the loan, including the soft costs—architectural, permits, etc. From your line item budget, we create a pay app, which is basically a draw schedule.Money is ...
Things You Should Know About Private Construction Loans
Tuesday, March 10
The real estate market is a great way of making money and securing your financial future. Whether you’re just beginning as an investor or have a few completed projects, here are five key things you must keep in mind when seeking new construction loans from hard-money lenders:LocationLocation is ...
The Pros of Hard Money Loans
Monday, March 09
There are a lot of hard money lenders like SFR Ventures, Inc. that are looking for projects and are ready to lend prospective investors money. Just keep in mind that hard money lenders are also looking for well thought out and researched plans. It is also just as important that the borrower can...