A hard money loan refers to a specific type of loan. What distinguishes it from other types of loans is that it’s secured by real property. Additionally, they’re considered short-term bridge or special use loans. Basically, they’re used in different real estate transactions where more traditional financing is not feasible. The lenders are either companies or individuals, not banks.

It’s interesting to note that the terms of hard money loans in California are negotiated between the borrower & the lender. These loans use the real estate as collateral. Generally, the terms of hard money loans are based on the value of the real estate, not the borrower’s creditworthiness. Most of the underwriting pertains to the underlying property. Since traditional lenders like banks are not the lenders, private investors, funds and groups are making the final lending decisions. This adds a lot of flexibility in structuring a loan that is outside the typical box. As an example, these loans are an excellent choice for property flippers who plan to renovate or reposition a property & sell it again.

“We are a fast and dependable California hard money loan lender that take pride in offering hard money loans with very competitive pricing. Being a direct money lender, you may obtain a pre-approval in minutes, not days. We’ve earned a strong representation for efficiency & closing hard money loans in California as quickly as 5 to ten days. We specialize in hard money and provide real estate financing for California investment properties & owner occupied business purpose loans. Our massive knowledge about the California market is an asset for those looking for expertise in making stronger investment decisions. We secure a wide range of hard money loans including bridge loans, fix & flips/rehab loans, construction loans, land loans, multi-family loans, residential owner occupied loans, and commercial refinance loans” said a spokesperson for All California Lending.

About the company:

All California Lending is one of California’s leading hard money lenders with more than 20 years of hard money lending experience. They offer hard money financing for real estate investors & property owners via asset-based lending for different real estate projects & transactions including single-family residential, multi-family residential and commercial.