Residential and Commercial Equity-Based Hard Money Loans in San Diego
At Socotra Capital, we’ve worked diligently to establish our reputation as the premiere hard-money lender for real estate buyers throughout San Diego. As an experienced private-money lender, we put our knowledge to work on the behalf of clients who need to refinance or purchase real estate without using conventional funding. We originate, underwrite and fund all of our loans directly from our headquarters in Sacramento.
As your hard-money lender of choice, we underwrite loans for investors throughout San Diego. We provide:
- Fix-and-flip loans.
- Loans for real-estate owned (REO) and short sale properties.
- Bridge loans.
- Commercial rehab loans.
- Residential rehab loans.
- Ground-up construction loans.
It’s also our goal to be your flexible hard-money lender of choice. We are happy to consider various real estate purchase scenarios that might qualify for financing via a non-traditional loan by a hard-money lender. At Socotra Capital, we work hard to process loans quickly so that you can take advantage of current buying opportunities. We believe that the success of our clients is our success. We are proud to serve as a partner in financing real estate projects that don’t qualify for traditional loans.
At Socotra Capital, we meet the hard money loan needs of private buyers, investors, trusts and businesses throughout San Diego. We are headquartered in Sacramento and are particularly proud to meet the needs of local investors and business owners. Our knowledge of the local market and financing conditions is second to none.
The Hard-Money Lender of Choice for San Diego
Buyers may be unable to secure traditional loans for the purchase of properties throughout San Diego for many different reasons. At Socotra Capital, we understand that some buyers simply have needs that traditional financial institutions can’t meet. We’re here to provide the hard money loan solutions that other lenders simply can’t or won’t provide.
Our hard-money underwriting guidelines are focused not on borrower credit, but on overall equity. In the past, we have helped buyers who have gone through foreclosures and bankruptcies or have low credit scores. We focus on providing professional, top-flight services to each of our clients throughout Nevada and California. It’s our goal to help you find financing for the projects that matter to you.
At Socotra Capital, we also understand that investors who are pursuing real estate projects need access to cash more quickly than is possible with conventional loans. Our loan application process is streamlined so that we can generally provide same-day preapprovals. If you need to know more about your equity-based, hard-money financing options, please fill out our Hard Money Loan Interest Short Form today.
Hard Money Loans for Residential Properties
Getting the financing needed to purchase a residential property in California or Nevada that can’t be purchased with traditional financing may seem overwhelming. At Socotra Capital, we know that some residential buyers have needs that can’t be met with FHA loans and other traditional financing products. We’re happy to partner with clients who need hard money loans to purchase an REO, foreclosed home, property at auction, bank-owned property, property at short sale, fix-and-flip property or distressed property.
From time to time, many homeowners also need a little extra cash to finish a new build or a remodeling project. We are proud to offer hard money bridge loans designed to cover the gap between available cash and the money needed to complete a project. We’ll do our best to help you find financing if you’re stuck with a project that you just can’t complete.
Of course, we’re also here to offer options to buyers who want to take advantage of the strong real estate market in San Diego. We offer buy-and-hold loans with flexible terms designed for the needs of these individuals. With buy-and-hold loans, investors purchase income-producing real properties with terms of two to 10 years. We offer interest-only to full-amortization financing for residential properties.
Fix-and-flip loans are also a great option for buyers throughout the greater San Diego area who want to remodel residential properties and resell them for a profit. Our fix-and-flip program allows investors to borrow up to 75 percent of total project costs including the price of purchase and the cost of rehab. Fix-and-flip loans are very popular among our clients throughout San Diego.
As a premiere hard-money lender for San Diego, we’re proud to meet the needs of investors, businesses and trusts. 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, estates and LLCs.
Hard Money Loans for Commercial Properties
Since 2007, we’ve worked with commercial property owners and investors throughout the greater Sacramento area to provide flexible hard money loans for the purchase of different types of property. We’ve also expanded so that we can provide financing to customers throughout California. We are proud to help business owners who need to buy new properties or who are struggling to meet commercial mortgage obligations with specially tailored hard money loans.
At Socotra Capital, we also underwrite hard money loans for the purchase of distressed properties. Is most situations, these properties are closed with all-cash offers. As San Diego’s premiere hard-money experts, we will work hard to help you find financing that meets your non-conventional buying demands.
We are also proud to be considered the lender of choice for San Diego-area property owners who need to get cash out or refinance. As a locally owned and operated business, we know the challenges that small business owners face. We’re happy to help local business owners get ahead or buy their properties free and clear.
Our parameters for private, hard money loans to business owners in San Diego include:
- 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?
Every investor is unique. At Socotra Capital, we believe that your hard money loan is really a vehicle to help you reach your goals. Buyers from San Diego choose to work with us because we are trustworthy, reliable and efficient. Whether they be individuals, estates or corporations, our clients work with us because we can provide funding that traditional lenders just can’t. We can assist with a wide variety of 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
Real estate investors who want to take advantage of the great buying climate in San Diego can use hard money loans to purchase investment properties. For these investors, most offers are all cash or need to be closed too quickly to allow the time to apply for traditional financing. At Socotra Capital, we provide hard money loans that can offer a very high return on investment. We work with our clients throughout the application and underwriting process to ensure that we match them with loans that truly meet their needs.
Business owners in San Diego and the surrounding cities who hold equity in their property but can’t take out traditional loans sometimes need to use hard money bridge loans to cover costs and meet enterprise demands. At Socotra Capital, we’re proud to offer a wide variety of hard-money solutions to clients throughout San Diego. If you need a hard money loan to cover an unexpected COD or to combat rising business expenses, we can help. As your equity-based private lender of choice, we make it simple to get the money you need fast.
At Socotra Capital, we’re proud to be more than just another hard-money lender. We’re also proud to consider ourselves a financing partner for your project. We believe that everyone involved in your purchase should walk away satisfied and ready to work with us again. 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 San Diego demand. Hard money loans are our only business. We never compete against our clients in purchases.
Your San Diego Hard-Money Lender of Choice
Buying investment property with hard-money financing isn’t a decision that should be taken lightly. It’s important that you work with a trusted, local lender who can explain your options and will take your best interests into consideration. At Socotra Capital, we’re proud to be the first choice for San Diego investors, corporations, estates and trusts in need of hard-money financing. As your lender, we will work hard to ensure that you get the best financing and rate for your buying situation. Fill out one of our hard money loan applications today and we’ll process it for you within 10 business days.