Private Money Loans San Francisco are what we offer.
Are you buying a new home in the San Francisco Bay Area or is your existing home in need of repair? If you need any type of major remodeling, you will probably need a construction loan. If you are building a new home in California, you will almost certainly need a construction loan.
We specialize in Private Money Loans in the San Francisco Bay Area. The Private Money loan requirements for California vary from lender to lender. Construction loans are short term loans, usually set for as long as the construction project will take to complete. In the San Francisco Bay Area, this time period is usually about 6-12 months.
To be considered for a California Private Money Loan San Francisco, the borrower will need to have an estimate of the costs of the project as well as the length of time needed to complete the project. It will also be necessary to demonstrate your ability to repay the Private Money Loan within the required term.
Land or other real estate can be used as equity to determine the total amount Bay Area Private Money lenders will lend for your specific project.
California real estate is generally the only collateral used for Private Money Loans in the San Francisco Bay Area, but you should check with your lender if you have other assets that would be useful to the lender when considering your project loan request.
Credit will usually be considered, but this is not the defining factor in determining whether a California project loan will be issued. Collateral and a definitive means to re-pay the loan are often much more important factors to the project lender when considering your request.
Estimating the project costs and financing can be confusing for most homeowners in the San Francisco Bay Area. Determining the exact costs for a large project can be overwhelming to the Private Money borrower.
A team of lenders, investors and contractors with years of construction experience in the San Francisco Bay Area can help walk you through the entire process and help to breakdown the numbers to figure out the entire costs of the project, how long construction should take to complete, as well as to determine if you have the means to repay the loan amount in the specified time.
Generally, time may be added to the estimated time period to compensate for any delays or unforeseen circumstances that can cause your project to take longer than initially anticipated.
After your San Francisco Bay Area Private Money Loan has been approved, the funds will be paid out over the course of the project. The initial funds usually cover the construction materials and pay the California contractors who are working on the construction project. The payments on the construction loan are disbursed by the lender through predetermined and agreed upon timeframes. The remaining balance will be paid when the project has been completed and a Certificate of Occupancy has been obtained.
San Francisco Bay Area Private Money Loans are usually simple to obtain if all the prerequisites are met and are satisfactory to the California lender.
It is time to get started buying your California home.
CA DRE #01307829
1250 Pine St.
Walnut Creek, CA 94596