Vanguard Hard Money

Lending for California Only
 
 California's Premier Private Money Lender
   


 


 

Commercial Real Estate Loans

We offer small balance hard money financing for apartments and commercial properties in California. The loan size is typically $100,000 to $1,500,000.

 California Commercial Loans

Because of the recession we have experience an increased demand for hard money commercial loan programs. Banks no longer provide financing to a majority of commercial loan applicants. And bank approved loans the borrower is required to wait 60 days and longer for funding of his loan.

While more expensive than bank loans, hard money loans can provide valuable assistance to borrowers / investors.

Following are a few examples:

  • Borrower has an opportunity to purchase a property under market value, but the seller insists upon closing escrow within 30 days. Typical funding time for hard money financing is less than 30 days.
  • Loan has matured and lender refuses to rewrite loan. First trust deed holder may be willing to discount his note or carry back a second trust deed to accommodate refinancing of the property. Borrower avoids possible foreclosure and credit rating problems.
  • Borrower is not currently eligible for a bank loan but needs a short term “bridge loan”. He plans to refinance his loan at a later date after he has an opportunity to rehab the property or improve his credit rating.
  • Borrower is purchasing a property and seller is willing to carry back a second trust deed as part of the down payment. Hard money financing will allow the second trust deed to be behind their first trust deed.

If you have any questions regarding our programs call today (800) 427-1441 and ask for Eric Allee. Our team has over forty years experience in mortgage financing.


 
 
 
 
 
 
 
       
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