Construction Hard Money Loans
Whether you want to build a home from the ground up or complete a tear-down and gut renovation of an existing structure, a hard money loan for new construction is the most effective option!
What Exactly Is A Construction Bridge Loan?
A hard money construction loan is a perfect option for real estate property investors who need the quick funds to get their construction project started but may not be a good fit for a credit from traditional banks. A hard money construction loan in California is a short term lend used to finance the establishment of real-estate investment property. These types of loans provide competitive financing for the acquisition, development or construction of ground-up projects.
Additionally, they don’t require a minimum credit score. However, the experience is essential for construction hard money loans, unlike fix-and-flip loans. 100% funding options, easy hold-back guidelines, and flexible draw schedule make these loans are more popular among seasoned investors.
Why Choose Hard Money Loans For Construction Lends?
Do you need a hard money lender to take advantage of a new build opportunity in California? If yes, you come to the right! At Hard Money Loans, we offer both public and private construction hard money loans without the excessive underwriting most traditional banks make borrowers go through. We give investors the flexibility and capital to cover up to 85% of the project cost from single-family homes to larger multifamily properties.
Get In Touch With Hard Money Loans For Construction Funding.
Here are a few reasons why you should choose Hard Money Loans for quick construction funds:
Fast Approvals and Closings for Ground-Up Projects
A delay in getting loan could mean missing out on an incredible investment opportunity. At Hard Money Loans, we have guaranteed loans in as little as 48 hours, and have an average close time of 10 days.
We use a flexible underwriting process so that our clients get secure funding for a new building project. Our flexible underwriting criteria allow investors in new structure to get safe hard money construction loans in California.
New construction investments for experienced borrowers have funded at interest rates of 8%-9% and 0-2 points.
No Hidden Fees
We don’t charge any junk fees, typically referred to as Doc Fee, Processing Fee, Underwriting Fee or Fund Control Fee.
If you are looking for a construction loan for building a spec home or commercial property but can’t get a mortgage from the traditional bank due to strict procedures and criteria, contact us at +1 (310) 666-8884 to close your next deal!
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