Hard money loans in San Francisco Bay Area by Construction Loan Pro, are utilized by real estate investors looking to purchase properties that are undervalued; usually single family residences that need to be rehabbed and sold for profit.
Often, being able to leverage capital by using hard money allows the investor to control more properties.
There are also hard money lenders who will lend a second mortgage, which would cover the down payment along with the funds needed for the renovation costs. These types of loans are called“SAM”, (shared appreciation mortgage), or we often refer to it as “GAP Funding”. These hard money loans share in the profit when the property sells.
Hard money is also readily available for refinance, bridge loans as well as ground-up construction.
For more information please contact Beau Eckstein at
800.570.6584 or email him at email@example.com