Equity-Based Hard Money Loans for Residential and Commercial Properties
At Socotra Capital, we’re proud to consider ourselves the premier hard-money lender for real estate investors in California. As an experienced, private-money lender, we assist clients who want to purchase real property without using conventional financing such as FHA loans. We originate, underwrite and fund all of our loans directly from our Sacramento office.
We underwrite hard money loans for qualified Los Angeles investors so that they can purchase many different types of property. 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.
Staying competitive in our industry also means that we’re happy to consider other non-traditional funding opportunities for real estate investors whose needs can’t be met by traditional financial institutions. At Socotra Capital, we will do everything possible to meet your financing demands quickly so that you can take advantage of the investment opportunities before you. We know that your success represents our success. We’re happy to offer hard money loans for the purchase of promising investment properties.
At Socotra Capital, we meet the hard money loan needs of individual investors, estates, trusts and businesses throughout Los Angeles. Headquartered in Sacramento, we’re particularly happy to meet the borrowing needs of local business owners. Let us put our expertise and knowledge of the local market to work on your behalf.
Working with a Trusted Hard Money Lender in Los Angeles
There are many reasons that a traditional financial institution might turn down a borrower who wants to purchase real property in California or Nevada. At Socotra Capital, we know that some buyers want to invest in special properties that can’t be financed with conventional loans. We’re proud to provide flexible, hard-money financing solutions to clients who want to purchase real property.
In evaluating hard money loan applications, we focus on overall borrower equity instead of credit scores alone. In fact, we’ve helped buyers who’ve been through bankruptcy or foreclosure or who have poor credit. It is our goal to provide prompt, professional service to all of our customers. We’re here to help you find real estate financing when traditional lenders can’t.
At Socotra Capital, we also understand that investors who are pursuing real estate projects often need quick access to cash. Our loan application process is streamlined so that we can generally provide same-day preapprovals for loans. If you would like to learn more about your hard-money, equity-based financing options, please fill out our Hard Money Loan Interest Short Form today.
Buying Residential Properties with Hard Money Loans
Los Angeles buyers who want to secure alternative financing for the purchase of residential properties may feel like they have few options. At Socotra Capital, we understand the needs of these buyers and are here to help. We partner with clients who need hard money loans to purchase foreclosed homes, properties at auction, bank-owned properties, REO properties, short sale properties, fix-and-flip homes or distressed homes.
From time to time, homeowners may also need extra money to finish remodeling or construction projects. To meet your needs, we offer hard money bridge loans that can cover the gaps between available financing and the cash needed to finish a project. If you’re struggling to come up with funds to complete a remodel or build, we may be able to help.
Our buy-and-hold program is also ideal for investors who are looking to take advantage of the strong real estate market in Los Angeles. With buy-and-hold loans, investors purchase income-producing properties on terms of two to 10 years. Properties must meet all qualification criteria and go through appraisal successfully before we can finance them. We offer interest-only to full-amortization options.
Buyers who want to remodel homes that are in poor condition and can’t be purchased with FHA loans can use our fix-and-flip loans to buy project homes. At Socotra Capital, we allow investors to borrow up to 75 percent of their total purchase and rehab costs for a property. Fix-and-flip loans are among the most popular financial products that we offer. They are widely utilized by buyers throughout Los Angeles.
As your private, hard-money lender of choice, we are proud to offer flexible, hard money loans to investors, corporations, businesses and trusts in Los Angeles 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.
Buying Commercial Properties with Hard Money Loans
Since 2007, we’ve been working to meet the needs of commercial property owners in the greater Los Angeles area. We provide hard money loans for the purchase of many different types of commercial and business property. Since we opened, we’ve grown our business so that we can offer loans to clients throughout California. It’s our pleasure to help business owners who are struggling to meet their mortgage obligations or to keep their businesses on track with carefully designed hard money loans.
We also provide hard money loans for the purchase of distressed commercial properties, which are generally closed with all-cash offers. As Los Angeles’s premier hard-money experts, we are able to determine the financing options of our clients quickly and accurately. We are proud to be considered the lender of choice for property owners who need to get cash out or refinance. As a locally owned and operated business, we also understand that some entrepreneurs simply need to own their businesses free and clear so that they can redirect available cash.
We offer flexible parameters for private-money commercials loans in Los Angeles 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.
Should You Choose a Hard Money Loan?
No two investors are alike. At Socotra Capital, we know that a hard money loan can be the means to achieve your investment goals. We’re proud that buyers from Los Angeles choose to work with us time and again. Our clients know that we’re dedicated to providing funding for their most exciting investment opportunities. We’re able to help in many 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.
Hard Money Loans: Your Flexible Financing Option
Real estate investors who want to take advantage of a strong buyer’s market in Los Angeles often use hard money or equity-based loans to purchase properties. These investors need to make all-cash offers, meaning they don’t have the time to apply for traditional financing. If you’re currently weighing your purchasing options, it’s important to remember that a hard money loan can provide for an excellent return. We’ll work with you throughout the underwriting process to ensure that your loan will truly meet your needs.
Business owners in the greater Los Angeles area sometimes hold equity in their property but can’t take out the loans they need to cover expenses or CODs. We’re happy to provide hard money bridge loans designed to meet the needs of business owners throughout Los Angeles. No matter the reason you need an equity-based loan, we’ll be happy to discuss your financing options with you in detail.
At Socotra Capital, we’re proud to be more than just your hard-money lender. We’re also a financing partner for your project. We want everyone involved with a purchase to walk away satisfied with our services. We’ve put down roots in Sacramento and have 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 Los Angeles Hard-Money Lender of Choice
It’s important that you carefully consider all investments before taking out hard-money financing. Of course, it’s also important that you work with a local lender on whom you can rely. At Socotra Capital, we’re proud to be the first choice for Los Angeles investors, corporations, estates and trusts in need of hard-money financing. Keeping the best interests of our clients in mind is always our first priority. 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.