Hard Money Lenders California - Private Hard Money
Loan Rates from 7.99%*
Investment - Fix&Flip - Bridge - Commercial - Business - Construction - Cash Out
• Fast/Easy Approval Process
• Loan Value Up to 90%*
• Funding in Days
• From $50,000 to $50,000,000*
• No Prepayment Penalties*
• PreApproved in 24 Hours
• Flexible Terms From 3 to 60 Months*
• Fixed Rate From 7.99%*
• Commercial/Construction Loans
• Business Loans/Fix&Fip Loans
• BBB A+ Rating
We can provide funding within 24 hours of you making contact with us. If you are purchasing real estate at a trustee sale and need to pay the balance by 5pm the next day, we can achieve that.
Our dedicated team will do all of the work for you. You just need to apply on our website or call us today. We’ll answer any questions that you have and help you to secure the funds that you need.
Or Click Apply Now Below
It starts at 7.99%*
Our interest rates are very competitive starting at 7.99%*. Because of this we’ve successfully funded many deals. Rates vary depending on: type of loan, loan to value, location, credit score. *See here for more.
Why Choose Level 4 Funding for California Hard Money
Level 4 Funding is a California Hard Money Lenders who will work for you to provide you with the best possible rates and terms. We are better than the bank, we’ll go to bat for you, to personally show your loan criteria to over 200+ professionals that will provide their best rock bottom terms and conditions. Underwriting is fast and easy; with closing is just a few days. Loan Rate start at 7.99%*.
Call Level 4 Funding for a private money lender in California from $50,000 to over $50,000,000. If you need money for California Investment Purchase, Fix&Flip, Bridge Loans, Commercial Loans, Business Loans, Construction Loans, Cash-Out Loans we can help.
Level 4 Funding LLC is among the very few California private hard money loan broker located in the Arizona and Texas that funds private hard money loans for variety of real estate investors and professionals.
“Top notch loan broker. who was awesome, quick, prompt, and most importantly, delivered. I would say don't even waste your time with another broker - these folks get the deal done, period. As a lawyer, they have helped me and many of my clients with a can-do attitude, and professionalism that is unmatched. A definite recommendation.”
“I was working with a hard money lender (OF) for the past ten days. 24 hours before my loan was supposed to close they called me and told me they were lowering my loan amount by 15%. I called Mark G at Level 4 Funding and told him the situation. If you want work with someone honest and professional call Level 4 Funding today.”
“After hearing, the good things about this company, I think they are on top of their game. I will keep recommending people I know in Arizona to level 4 Funding.”
Latest News from the Blog
Trust Deed Investor
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Considering a California Hard Money Loan for your next commercial project or business plan?
If that’s where your financing search is headed important to
know the pros and cons of a commercial hard money loan.
By know you know California hard money loans are some of the most readily available hard money financing options, which is great for shopping around for the best rates and terms. But, in general, you may be wondering what exactly the benefits or rather advantages of California hard money loans are? Moreover, you may also want to know exactly what the disadvantages are of these particular kinds of loans. Well, the good news is the benefits outweigh the disadvantages by far.
For instance, starting out with the benefits, you will find out early on that these particular loans are approved and funded quickly, which is often the main reason people choose to use hard money lenders in California in the first place. The next benefit you will find is that hard money financing options have fewer requirements. This means that unlike traditional financing options or bank lending you will not have to deal with an exorbitant amount of red tape. Consequently, common red flags such as bad credit, a previous foreclosure or bankruptcies are less likely to harm your chances of getting approved.
Another major benefit to Hard Money loan California is the ability to get a project funded that you were unable to get funded or rather financed anywhere else. One common example is a fix and flip project. Often, banks are not interested in short-term lending. This is not to say that banks do not offer short-term options but rather that banks are in the business of making money and the easiest way to do that is to approve long-term loans more often. Furthermore, banks look at these kinds of projects such as a fix and flip as high-risk which only make getting financing harder.
The Pitfalls of a California Hard Money Lender
So now that we’ve covered the major benefits of all things hard money, let’s talk about those pesky pitfalls and disadvantages. The top disadvantage when dealing with hard money financing is of course that higher than average interest rate. But, in reality, just as banks need to make a profit and are concerned about high-risk borrowers, non-bank lenders need to see some return on their investment hence the higher rates. Disadvantage number 2 is the fact that hard money financing is only available for short-term use. This means if you are looking for financing for a project that others have deemed high-risk for more than 1-5 years you may have to look elsewhere.
California Commercial Hard Money
Lastly, hard money loans require either a minimum amount of equity i.e. at least 25% or a significant down payment. In the world of California Commercial Hard Money, that minimum amount becomes 40% and the down payment is much larger. This increase is ultimately due to the fact that if there is a default, selling the commercial property is much harder to do and often requires a discounted sale price in order to recoup what the non-bank lender lost.
Private California Hard Money Lender Requirements and Regulations
When dealing with a California private hard money lender there are several things you need to know to ensure that you are not falling victim to predatory lending. Moreover, let’s go over a few tips so you are not just borrowing blindly.
As you are probably already aware, hard money lenders, in essence, are still private money lenders. This means that your potential California private hard money lender is a non-bank lender. Historically, non-bank lenders have been able to lend money with limited regulations. Originally, this flexibility with California private hard money lender requirements made sense as the government shouldn’t be able to tell your father that he cannot lend you some cash for your start-up.
But, now financial reforms which were absolutely necessary after the real estate collapse means that there are some requirements when it comes to non-bank lending. For instance, the issue of mortgage licensing was not applicable to non-banker lenders i.e. individuals, companies and so on. Moreover, due to the almost overwhelming number of non-bank lenders in California, these new requirements have a lot of weight.
So what exactly do new regulations and requirements for potential borrowers and you? Well, for starters, there is now a fixed interest rate (the Usury law ensure that you will not be charge excessively high rates) that applies to these particular types of loans. In California, that “usury rate” is a maximum of ten percent per year. In addition to making sure that you aren’t financially drowning due to a commercial purchase or business purpose loan, etc., as previously mentioned, the issue of mortgage licensing now affects what type of property you can use hard money financing for. You also now need more documentation in order to properly secure your hard money loan than you once did.
The Benefits of Hard Money Loans California
Considering a hard money loan in California loan for your next commercial project or business plan? If that’s where your financing search is headed then it’s important to know the pros and cons.)
By know you know Hard Money Lenders California are some of the most readily available hard money financing options, which is great for shopping around for the best rates and terms. But, in general, you may be wondering what exactly the benefits or rather advantages of hard money Lenders in California loans are? Moreover, you may also want to know exactly what the disadvantages are of these particular kinds of loans. Well, the good news is the benefits outweigh the disadvantages by far.
For instance, starting out with the benefits, you will find out early on that these particular loans are approved and funded quickly, which is often the main reason people choose to use hard money in the first place. The next benefit you will find is that hard money financing options have fewer requirements. This means that unlike traditional financing options or bank lending you will not have to deal with an exorbitant amount of red tape. Consequently, common red flags such as bad credit, a previous foreclosure or bankruptcies are less likely to harm your chances of getting approved.
Another major benefit to hard money is the ability to get a project funded that you were unable to get funded or rather financed anywhere else. One common example is a fix and flip project. Often, banks are not interested in short-term lending. This is not to say that banks do not offer short-term options but rather that banks are in the business of making money and the easiest way to do that is to approve long-term loans more often. Furthermore, banks look at these kinds of projects such as a fix and flip as high-risk which only make getting financing harder.
How to find a California Private Hard Money Lender
(When it comes to finding a California private hard money lender, you probably don’t even know where to begin or rather how to start a viable search and that is okay. In California, there are so many lender options that you will more than likely need a helping hand.)
Generally, when you are trying to a reputable California private hard money lender the first place you should start is by checking the nationwide lender directory online. This particular directory allows you or anyone to search by loan type, loan size, location or keyword such as construction loan, etc. Moreover, this directory will provide you with direct access to your potential lenders in general or specific private non-bank lenders. In addition to searching for a private hard money lender California via the nationwide lender directory, you can also ask for references from your business associates.
Regardless, of which search method you choose to take advantage of, finding a few good names doesn’t mean you are done. Clearly, you need to contact at least your top 10 lenders and present each of them or the majority of them your loan scenario. Remember, it is important to find a lender that is likely to approve your loan request, but it is also important to work with someone that you feel comfortable working with.
Once you have set your sights on your future lender, the next step is clearly the application process. Nevertheless, it is still important to highlight that you make sure your future lender offers the commercial real estate loan type that is right for your business venture or project. By taking the time to make sure you have chosen your best option as well as the most compatible private lender you will ultimately save yourself a lot of time and money.