Finding The Right Hard Money Lender in California

Finding Hard Money Lenders in California has its challenges. A time saving key would be to ask the question, are you a direct hard money lender? If not, you are working with a broker who may or may not  know a sufficient amount of Hard Money Lenders to shop your loan to. You need that variety of individual investors, to have a successful close, and to find the right hard money lender in Calif.  You may also be  adding  costs by paying more than one broker.

If it is taking more than 3-4 days to get a commitment, you are most likely barking up the wrong money tree.If they are more interested in your credit and income documents, verses your property, you may not be at the right place either.

A private investor, will drive the property within a few days if interested, and it usually is a sophisticated hard money lender, knowledgeable in real estate values. A private money lender is represented by a Broker, who handles the loan process for him. Appraisals are usually not required in this market by our investors. You certainly do not need to pay up front fees, except if an appraisal is requested. Hope that helps.
Any questions Call Colleen 661-251-9075 or to apply on line go to California Hard Money

Originally posted on activerain.com/blogs/colleenls

This entry was posted on Monday, June 21st, 2010 at 11:22 pm in Borrowers. Bookmark this page, or follow responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.