Equity-Based Hard Money Loans for Residential and Commercial Properties
At Socotra Capital, we’ve worked hard to become the premier hard-money lender for investors in La Mesa. Headquartered in Sacramento, we’re an experienced private-money lender specializing in financing properties that can’t be purchased with traditional loans. We originate, underwrite and fund all of our loans from our Sacramento office.
We underwrite hard money loans for qualified La Mesa investors so that they can purchase properties of varying types. We provide:
- Fix-and-flip loans.
- REO (real-estate owned) and short sale transaction support.
- Bridge loans.
- Commercial rehab loans.
- Residential rehab loans.
- Loans for ground-up construction.
In order to stay competitive, we also consider other types of non-traditional funding opportunities for qualified investors whose needs aren’t met by more conservative financial institutions. At Socotra Capital, we’ve made it our business to meet your financing needs as quickly as possible so that you can take advantage of investment opportunities as they arise. After all, your success is a reflection of our success. We’re proud to offer hard money loans for the purchase of non-traditional and investment properties.
At Socotra Capital, we specialize in serving investors, businesses, estates and trusts throughout La Mesa. We’re proud to be headquartered in Sacramento and are always happy to help local business owners and investors meet their financial goals. We’re here to put our expertise and our knowledge of the local market to work on your behalf.
Hard Money Loans for Investors in La Mesa
Traditional financial institutions turn down borrowers who want to purchase real property in California or Nevada for many reasons. At Socotra Capital, we understand that some buyers want to invest in properties that just can’t be financed with traditional loans. We provide flexible, hard money loans to clients who want to purchase non-traditional properties.
In our hard money loan underwriting guidelines, we place greater emphasis on borrower equity than on borrower credit scores. In the past, we’ve even helped buyers who’ve been through bankruptcy or foreclosure and who have poor credit. We’re dedicated to providing the best in prompt, professional service to all of our clients. It’s our goal to help you find real estate financing when other lenders can’t or won’t.
At Socotra Capital, we know that investors need fast access to cash when pursuing real estate investment opportunities. We’ve streamlined our loan application process to provide same-day preapprovals for loans whenever possible. If you’d like to learn more about your equity-based, hard-money financing options, fill out our Hard Money Loan Interest Short Form today and we’ll be in touch.
Hard Money Loans for Residential Properties
Prospective buyers in La Mesa who want to buy non-traditional residential properties may feel like they don’t have many options. At Socotra Capital, we understand that not all buyers can be served by traditional financial institutions and we’re here to help. We assist clients who need hard money loans to purchase homes at short sale, REO properties, bank-owned properties, properties at auction, foreclosed homes, fix-and-flip homes and distressed home.
There are also times when homeowners need a little extra cash to finish a remodeling or construction project. In order to meet your needs, we underwrite hard-money bridge loans that provide the financing needed to complete stalled projects. If you’re working on a project that you’re just not able to finish, we may be able to assist you.
We also offer buy-and-hold loans for investors who want to take advantage of the strong residential real estate market in La Mesa. With our buy-and-hold loans, investors can purchase income-producing properties with interest-only to full-amortization options on terms of two to 10 years. Properties must meet our qualifications and go through appraisal before buy-and-hold loans can be approved.
Many buyers in the La Mesa area, and throughout California, want to buy distressed homes to fix and flip them. We provide fix-and-flip loans that offer financing of up to 75 percent of total purchase and rehab costs for a property. These are among the most popular loans that we offer and are widely used by investors who want to turn a quick profit in the real estate market.
As your private, hard-money lender of choice, we are proud to offer flexible, hard money loans to investors, individual buyers, businesses and trusts in La Mesa and throughout California. We offer:
- Financing of up to 75 percent of project costs including rehab and purchase.
- Up to 65 percent loan-to-value ratios.
- Loans running from $30,000 to $5,000,000.
- No limits on the number of properties purchased by clients.
- Loans for private individuals, trusts and LLCs.
Hard Money Loans for Commercial Properties
At Socotra Capital, we’ve been working with commercial property owners in the greater Sacramento area since 2007. We’re proud to provide the best in hard-money loans for the purchase of commercial and business properties. Since our opening, we’ve also grown to accommodate the needs of clients throughout La Mesa. We’re proud to help business owners who need a little extra assistance to keep their enterprises on track or to meet mortgage obligations by offering equity-based hard money loans.
We’re also proud to provide hard money loans for distressed commercial properties, which most business owners close with all-cash offers. As La Mesa’s hard-money experts of choice, we work diligently to identify financing options for our clients. Our clients consider us the lender of choice to assist with refinancing or getting cash out of a property. As a locally owned and operated business, we are particularly proud to help business owners who want to own their properties free and clear.
We offer flexible parameters for private-money commercials loans in La Mesa including:
- Financing for the purchase of different types of property including retail buildings, apartment complexes with more than 6 units, offices, industrial spaces, restaurants, shopping centers, finished lots, automotive lots, mixed-use spaces, hotels, gas stations, agricultural land, ground-up construction and specialty properties including wineries, cold-storage facilities and places of worship.
- Loans ranging from $30,000 to $6,000,000.
- Flexible terms ranging from six months to 10 years with interest-only, partially amortized and fully amortized options available.
Weighing Your Hard Money Loan Options
At Socotra Capital, we believe that every investor is unique. We’re here to provide hard money loans that can serve as the means for achieving your goals. It’s important to us that clients from La Mesa want to work with use time and again. In fact, our clients choose us because they know that we’re dedicated to their success. We’re able to help in many financing situations, including:
- Purchasing residential property as an investment.
- Purchasing an REO that doesn’t qualify for traditional financing or purchasing a home at short sale.
- Financing the purchase and rehab of a property.
- Paying off a mortgage to own a property free and clear.
- Financing replacement loans if you no longer meet the requirements of your SBA loan program.
- Financing for properties that must be remodeled before they can be bought with FHA loans.
- Financing for short-term cash needs.
If you come up short on an offer or have made an all-cash offer, use our hard money. We’re as good as cash.
Flexible Real Estate Financing with Hard Money Loans
Many smart real estate investors are eager to take advantage of a strong buyer’s market in La Mesa. At Socotra Capital, we’re proud to provide the hard money loans needed to purchase investment properties. We’re here for those investors who need to make all-cash offers or who want to buy properties that simply don’t qualify for traditional financing. If you’re weighing your investment and financing options, remember that hard money loans provide for an excellent return when used wisely. We’ll work with you throughout the underwriting process to ensure that your loan meets your needs.
We’re also proud to help business owners in the greater La Mesa area who hold equity in their properties but can’t take out the loans needed to meet business obligations or pay for a hefty COD. Our hard money bridge loans are designed to meet the needs of such business owners not only in La Mesa, but also throughout California. If you’re a business owner in need of an equity-based loan, we’ll be happy to go over your options with you.
At Socotra Capital, we’re proud to be more than just your hard-money lender. We also like to consider ourselves a financing partner for your project. We want everyone involved with a purchase to walk away satisfied with our services and willing to work with us again. We’ve put down roots in Sacramento and worked to grow our business so that we can provide the equity-based hard money loans that investors across California demand. We’re committed to your success and will never compete against you in a purchase. Hard-money lending is our only line of business.
Your La Mesa Hard-Money Lender of Choice
Hard money loans can provide essential financing for many types of real estate purchases. If you’re considering taking out a hard money loan, be sure to work with a trustworthy, local lender. At Soctora Capital, we’re proud to serve as a private-money lender of choice for investors, businesses, estates and trusts throughout La Mesa. It’s always our first priority to keep your best interests in mind. As your lender, we will work hard to ensure that you get the best financing and rate possible. Fill out one of our hard money loan applications today and we’ll process it for you within 10 business days.