El Cajon Residential and Commercial Equity-Based Hard Money Loans
At Socotra Capital, we’re proud to be known as El Cajon’s premier hard-money lender. As your experienced private-money lender, we’ll work hard to help you when you want to purchase a property that just can’t be bought with conventional financing. We originate, underwrite and fund all of our loans directly from our headquarters in Sacramento.
We’re proud to write hard money loans for investors and businesses throughout California. Our products include:
- 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.
Of course, we’re also determined to be the flexible lender that you need when a traditional financial institution doesn’t fit the bill. In addition to the scenarios above, we’re happy to consider financing for other buying situations in which you can’t qualify for traditional loans. At Socotra Capital, we work hard to process loans quickly so that you can take advantage of current buying opportunities. After all, the success of our clients is also our success. Providing you with the hard money loans that you need when you need them is our top priority.
At Socotra Capital, we provide hard money loans to residential buyers, investors, businesses, estates and trusts in El Cajon. We have a state-wide presence, but we’re particularly proud to meet the needs of local investors and business owners in the greater El Cajon area. Let us put our knowledge of the local market and real estate lending to work on your behalf.
Providing Hard Money Loans in El Cajon
There are many factors that may prevent buyers from purchasing properties in El Cajon with traditional loans. At Socotra Capital, we understand the needs of buyers who want to finance non-conventional properties. We provide hard money loans that other lenders won’t or can’t provide to investors, businesses, trusts and estates.
When underwriting hard money loans, we focus more on overall borrower equity than on credit. We have been able to help buyers who have gone through foreclosure or bankruptcy or who have poor credit scores. It’s our goal to provide the best service possible to all of our El Cajon clients. At Socotra Capital, we’re dedicated to helping you find financing for the projects you care about the most.
We understand that investors who are pursuing real estate projects need quick access to cash and can’t wait to have traditional loan applications approved. We’ve streamlined our process so that we can provide you with same-day preapprovals whenever possible. If you’d like to learn more about hard money loans and your equity-based borrowing options, please call us today.
Your Residential Hard-Money Lender
Buyers who want to purchase non-traditional residential properties in California or Nevada are often overwhelmed by financing regulations. At Socotra Capital, we understand that not all residential buyers can be helped with FHA loans and traditional financing products. We’re proud to help clients who want to pursue hard money loans to purchase a foreclosed home, property at auction, bank-owned property, REO property, property at short sale, distressed property or fix-and-flip property.
We also know that some homeowners need a little extra cash to finish remodeling projects or to complete the construction of a new home. We offer hard money bridge loans that can help you cover the gap between the cash you have on hand and the money you need to finish your project. It will be our pleasure to help you find the unique, timely financing you need.
We also offer great options for buyers who are looking to take advantage of the strong real estate market in El Cajon. We offer buy-and-hold loans with flexible terms designed to meet the needs of investors who want to purchase income-producing properties on terms of two to 10 years. We offer interest-only to full-amortization financing for residential properties.
Fix-and-flip loans are another popular option for buyers in the greater El Cajon area. With these loans, buyers can take out up to 75 percent of purchase and rehab costs to buy a home that can be remodeled and sold at a profit. Our fix-and-flip loans allow investors to purchase properties throughout El Cajon that can be used to generate income, meaning you can realize a great return on your loan investment.
As the premier hard-money lender for investors, businesses, trusts and estates in El Cajon, 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.
Your Commercial Hard-Money Lender
At Socotra Capital, we’ve been working with investors and commercial property owners in the greater Sacramento area since 2007. We provide flexible, hard money loans for the purchase of many different kinds of property. We’ve worked hard to build our business so that we can also provide for the needs of buyers throughout California. We’re proud to help business owners who are struggling to meet mortgage obligations, get ahead on inventory or buy properties by offering the best in custom-tailored hard money loans.
At Socotra Capital, we also underwrite hard money loans for the purchase of distressed commercial properties. Most of these opportunities are closed with all-cash offers. As El Cajon’s premier 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 El Cajon-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 for business owners in El Cajon 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.
Is a Hard Money Loan Right for You?
As an investor, you are unique. At Socotora Capital, we know that a hard money loan can be used as a means to help you reach your goals. Buyers throughout El Cajon prefer to work with us because we provide professional, trustworthy service in a timely fashion. Our clients know that we can provide the funding that they need to buy non-conventional property. We 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.
Get Flexible Financing with Hard Money Loans
Right now is a great time for investors to take advantage of the buying climate in El Cajon. We’re happy to offer hard money loans that can help you reach your investment goals. In most cases, you’ll need to make an all-cash offer or you’ll have to close too quickly to pursue traditional financing. At Socotra Capital, we provide hard money loans that have the potential to offer a high return on investment. We’ll work with you during the application and underwriting process to ensure that we’re fitting you with a loan that really meets your needs.
There are times when business owners in El Cajon and the surrounding cities hold equity in their properties but can’t take out conventional loans to cover enterprise costs. We offer hard money bridge loans to clients throughout El Cajon. At Socotra Capital, we’re proud to offer the flexible solutions that our clients need to get ahead. If you need a hard money loan to combat rising expenses or cover a large COD, we’re here to 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’d like to consider ourselves as 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’re proud to be a Sacramento-based business providing hard money loans to investors throughout El Cajon. You should know that lending is our only business. We never compete against our clients in purchases.
Your El Cajon Hard-Money Lender of Choice
Buying investment property with hard-money financing is a decision you should weigh carefully. It’s important that you work with a trusted, local lender who can explain your options and take your best interests into consideration. At Socotra Capital, we’re proud to be the first choice for El Cajon 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.