Hard Money Loans for California Real Estate
Equity-Based Hard Loans for Residential and Commercial Customers
At Socotra Capital, we’re proud to be the premier direct hard money lender for California real estate. As an experienced private money lender, we have the know-how needed to work with businesses and individual buyers who need to refinance or purchase real estate without pursuing FHA loans or other conventional funding. We originate, underwrite, and fund each of our loans right here from our Sacramento office.
From our headquarters in Sacramento, we underwrite hard money loans on a variety of different types of real property in California, including:
- Fix-and-flip loans
- Bridge loans
- REO and short sale transactions
- Residential rehab loans
- Commercial rehab loans
- Ground-up construction
To speak with a Loan Specialist call Today
Tailored Hard Money Loans to Meet Your Needs
In order to meet your needs to the best of our ability, we also consider scenarios for other real estate purchases that would benefit from a hard money loan by a reliable, trustworthy and professional private lender. When it comes to real estate, we do everything we can to meet your needs as quickly as possible and try to be as flexible as necessary to help you take advantage of the opportunity before you.
While we serve hard money loan needs of investors, trusts, and businesses throughout California, our corporate headquarters are located in Sacramento and we work hard to meet the needs of our local investors across the Sacramento Valley.
At Socotra Capital, our business revolves around the belief that your success is our success. We’re proud to be a financing partner for your next real estate project with one of our tailored hard money loans.
California’s Hard Money Lender of Choice
There are a lot of reasons that you might not be able to get a conventional loan or funding when you want to buy real property in California. At Socotra Capital, we understand that our buyers have unique needs. That’s why we specialize in providing flexible hard money financing solutions to our clients in Sacramento and the rest of California.
The hard money underwriting guidelines we use for properties and borrowers focus on overall equity instead of borrower credit. This means that we can often work with borrowers who have low credit scores or have gone through foreclosures or bankruptcies and still provide them with a hard money loan that will meet their needs. Socotra Capital is here to serve as your hard money lender when the bank says “No” or when you want to pursue an investment project that a conventional lender simply can’t handle. We provide efficient, professional service to clients in need of hard money funding throughout the greater Sacramento area and across all of California.
We know that clients who are pursuing investment projects often need fast access to cash. At Socotra Capital, we’ve created a streamlined process to provide same-day prequalification for hard money loans when possible. If you are interested in learning more about equity-based hard money options, please fill out our Hard Money Loan Interest Short Form today.
Hard Money Loans for Residential Properties
For residential property buyers and investors in California, securing alternate financing might seem difficult. At Socotra Capital, we are proud to work with clients who need a hard money loan to buy an REO, bank-owned property, foreclosed home, home at auction, home at short sale, distressed property, or fix-and-flip property.
Sometimes homeowners need a little extra help to finish a remodeling or construction project. We’re proud to offer hard money bridge loans that span the gap between your available budget and what you need to finish your home. If you’re stuck with a half-completed real estate project, we can help.
For those who want to take advantage of the excellent real estate market in Sacramento and the rest of California, we offer a hard money buy-and-hold program. Under this program, borrowers can purchase income-producing residential properties using one of our customized hard money loans on terms ranging from two to 10 years with interest only to full amortization on properties that qualify and successfully complete appraisal.
For borrowers looking to flip distressed residential properties for resale in Sacramento, our short-term hard money fix-and-flip program allows you to borrow up to 75% of your total project costs, including purchase price of the property and the cost of rehab. This is one of our most popular residential hard money lending programs in Sacramento.
We offer flexible hard money loans to investors, trusts, corporations and businesses in Sacramento and all of California or Sacramento clients:
- Up to 75% of total costs, including purchase and rehab
- Up to 65% Loan-to-Value
- Loan Amounts ranging from $30,000 to $5,000,000
- No limit on the number of properties purchased
- Loans to Individuals, Trusts, and LLCs
To speak with a Loan Specialist call Today
Equity-Based Private Money Lending for Commercial Property
Since 2007, we’ve worked with commercial property owners throughout the greater Sacramento area to provide hard money loans for a wide variety of investment opportunities. And we have grown our coverage to serve all of California. If paying for your commercial mortgage has become burdensome or impossible, we may be able to help you turn things around and get your business back on track with a tailored hard money loan.
For commercial buyers, we can also provide private money loans for purchases of distressed properties, these days mostly close with an all cash offer. As your Sacramento hard money experts, we’ll also be happy to help you find financing for other non-conventional commercial property purchase needs.
Socotra Capital is the private money lender of choice for business owners looking to get cash out of their properties or refinance. We also have experience working with business owners who want to own their property free and clear so that they can leverage equity to pay for their child’s education, put on a wedding or build a retirement home. As Sacramento business owners, we appreciate and understand each of our small business clients.
Our flexible parameters for private money commercial loans for California investors include:
- Power to purchase many different types of property including offices, retail buildings, apartment complexes with 6 or more units, shopping centers, industrial spaces, restaurants, mixed-use spaces, finished lots, automotive lots, hotels, ground-up construction, gas stations, agricultural land, and specialty properties such as churches, wineries, horse ranches, and cold-storage facilities.
- Loan amounts ranging from $30,000 to $6,000,000.
- Flexible loans with terms ranging from six months to 10 years with interest-only and partially amortized or fully amortized loans available.
Should You Choose a Hard Money Loan?
Investors come in all shapes and sizes. And hard money loans can be an excellent vehicle for helping them achieve their business objectives. Investors from not only our early days in the Sacramento Valley but all of California are choosing to work with Socotra Capital for many reasons. Whether they be corporations, individuals or estates, our clients work with us because we can provide funding in a wide variety of situations. Some of the situations we can help you with include:
- Buying a residential property as an investment.
- Purchasing a home on short sale or foreclosure or purchasing an REO that doesn’t qualify for conventional financing.
- Financing both the purchase and rehab of a property.
- Paying off mortgages so that you own your property free and clear, especially if you don’t have an available line of credit on the property anymore.
- Financing replacement should you cease to meet the requirements of loan programs such as SBA loans.
- Financing when your income, credit score, or credit history disqualify you from traditional loans.
- Financing for properties that can’t be purchased with FHA loans because they must be remodeled before they can be inhabited.
- Financing to help when your cash needs are short term.
- If you come up short or made an offer ALL CASH, use our HARD MONEY – WE
ARE AS GOOD AS CASH.
Hard Money Loans—the Flexible Real Estate Financing Tool
If you are a real estate investor that wants to take advantage of today’s great investment buying climate in California after years of drought, you may find that a hard money loan is a great tool to secure the financing you need to take advantage of that special opportunity. Most offers will be all cash or will need to be closed too quickly to allow you time to apply for conventional loans. When you carefully weigh your purchasing decisions, the cost of a hard money loan from Socotra Capital will provide for an excellent return on investment. We work with you throughout loan review and underwriting to ensure your success.
We are more than just another hard money lender. We’re also your financing partner in your project. It’s important to us that everyone involved walks away happy and considers us for their future hard money loan needs. With our roots in Sacramento, we have steadily grown to provide equity-based hard money loans to investors across all of California. And because we are committed to your success, we will never compete against you for a purchase. We’re hard money lenders, and that’s all we do.
In some situations, business owners in Sacramento or other cities around California who hold equity in their real property but can’t get loans may need to pursue hard money bridge loans and other private money products that can be custom tailored to their needs. At Socotra Capital, we’re proud to offer a wide variety of hard money solutions so that we can get you the funding that you need quickly, and with the least amount of fuss. Whether you’ve got to cover a big COD or need to cover unexpected personal expenses, we can help. As a private, equity-based lender, we make it easy to get the cash you need right now.
The Most Committed Hard Money Lender in California
Deciding to acquire investment property with hard money financing is a big decision. We know that you want to work with a lender who is trustworthy and local. At Socotra Capital, we’re proud to be the private money source of choice for investors, corporations, and trusts in California. We believe that it’s important to keep the best interests of each of our clients in mind. We’ll work hard to make sure that you get the best rate for your buying situation. Fill out a hard money loan application today and we’ll make it our priority to process it within 10 business days.
With our roots in Sacramento, we have grown to be the premier provider of equity-based hard money loans in all of California. Call us today to experience the Socotra difference.