Investing in real estate especially on an apartment building is a huge investment which seeks a lot of funding. Usually, getting traditional loan for investing in an apartment building can be challenging as it needs a lot of procedures to follow, which makes it a time consuming process. Therefore, most of the real estate investors opt for private money lending. And when it comes to private apartment building loans in California, there is no one like All California Lending.
All California Lending possesses years of experience in providing apartment building loans in California. Whether you are in search of a creative solution through their private money investors, or looking for institutional money, they can help you put together a loan that will secure the apartment building financing you seek. When you are in a situation of tightening credit it is necessary for you to take help of a specialist to secure the financing you require. And All California Lending specializes in providing difficult to place loans and providing private funding solutions whenever needed while securing institutional financing when their resources warrant.
They have designed different programs according to your credit score. If you have a credit score of 640-650 or more then you can take advantage of their additional highly attractive California multi-family hard money loans. In these programs you can avail finance up to 75% loan to value and rates typically start in the mid single digits. These are typically full 30 year terms with fixed periods of anywhere between 3 and 10 years. Financing properties with 5+ units comes under this program. However, if you have properties with less than 5 units they can typically offer the same terms at the slightly lower loan to value of 70%. They can work with purchase transactions as well as rate and term and/or cash out transactions.
For credit 640 mark, they have designed different program, so if you have had any credit issue in the past that does not mean that you cannot secure the financing you need for your apartment building in California.
“We are able to fund apartment building or multi-family loans of all types in California. Whether looking for acquisition funding on an apartment building, or refinancing existing debt, we have many multi-family loan programs to choose from. In addition, due to our relationships with numerous private investors and access to private money, we are able to finance many out of the box scenarios that banks may not be able to help with. We are able to cross collateralize multiple properties, finance rehab work to be done and work with properties that have other unique issues surrounding them.” – says a spokesperson at All California Lending.
About the Company:
All California Lending is one of the best and most dependable commercial lender in California. They have been in the real estate lending business for many years, specializing in hard money lending for most of that time. They understand the market and have relationships with many funding sources to help them obtain financing for even the most complicated transactions. For more information visit https://www.acalending.com/
All California Lending
Phone: 877 462 342
Fax: 925 226 4739
E-mail: [email protected]