Working with Hard Money Lenders Sacramento to Secure Your Real Estate Project

When you come across the term “hard money loans in Sacramento” what is the first thing that pops in your mind? Suspicious looking lenders who do their business in dark alleys & charge exorbitant interest rates?

In the past, some bad apples stained the hard money lending industry when a small number of greedy lenders were trying to “loan-to-own”, offering very risky loans to borrowers employing real estate as security and aiming to foreclose on the properties. Fortunately, these sorts of lenders are in the minority. These days, using a hard money lender in Sacramento is a great way to secure financing that may not be a fit for the banks.

A hard money loan is a short term loan funded by private investors as opposed to more traditional lenders like credit unions or banks. The terms are generally about twelve months, but the term can be longer, sometimes up to terms of 2 to 5 years, and in some cases for as long as 30 years.

Hard money lenders usually focus on the property’s value instead of the borrower’s credit. Borrowers who can’t get traditional financing because of a current foreclosure can still obtain hard money financing if they have adequate equity in the property that’s being employed as security. When banks say “NO” to loans, the hard money lenders in Sacramento say “Yes”.

As a borrower you can find such a loan on nearly any sort of property – industrial, land, commercial, residential. Multi-family and single-family residential as well.

Some lenders may specialize in one particular property type such as residential and don’t make loans on other types, such as land, simply because they don’t have experience in this niche. The majority of lenders have a specific niche of loan they’re most comfy with. Employing a hard money broker can often be a great option, especially for hard to find loans.

Hard money can be your best source of financing when traditional banks aren’t an option. These loans are ideal for situations like land loans, fix and flips, construction loans, when the buyer has credit problems and when a real estate investor requires to act fast.

If you are looking for reliable Hard Money Lenders Sacramento, All California Lending could be your option. Our hard money loans are available for most property types including residential, commercial, multi-family, industrial, land and unique property types. Whether you are looking for long-term loans or short-term ones, we can be your one-stop hard money lending firm in Sacramento.

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