High LTV California Private Money Loans for Acquisition & Cash Out - Why They May be an Option to Consider

Written by Posted On Monday, 07 January 2019 12:29

Over the past 10 years, financing for real estate has changed a lot.  Many of the changes are for the better.  In some circumstances, however, it can make obtaining financing difficult for real estate investors.  This is especially true for higher leverage loans.  Even more so for investors who own many properties.  High LTV California private money loans for acquisition & cash out are one product line that we have recently gained access to that can help in these situations.

These high LTV products are unique in that they can provide leverage similar to more conventional bank loans.  For clients with decent credit and/or good experience levels, these private money loans can provide up to 80% loan to value.  Even for clients without decent credit and/or experience, the leverage points available under these programs are still quite high.  In addition, the higher leverage is available for both purchases and for refinances - cash out and rate and term.

Private hard money loans in general are faster to fund than bank loans.  They also require less documentation.  These products are no exception.  While the rates are higher than bank rates, the speed and ease of process makes them a much more streamlined option.  Combined with the higher leverage point than typical private hard money loans, these products offer the best of both worlds.

An additional advantage to consider on a refinance transaction is seasoning.  Many banks, as well as many hard money lenders, require some seasoning on a property before allowing a cash out transaction.  These high leverage products, however, have no seasoning requirements.  For investors looking to leverage existing properties to acquire more, this can be a tremendous benefit. 

Real estate investing is a lucrative business, and having access to higher leverage programs - while maintaining a decent cost - is often times key to success.  For the self employed real estate investor, quality private money loans can step in and quickly finance transactions that banks may decline.  For properties in need of repair, these programs are also an option to consider.  Repairs are not needed to be done prior to closing, and oftentimes we can even structure the cost of repairs to be included in the higher leverage loan.

Please visit our California private money loans page for more details on how these products may be an option to consider.  If you want to explore your options for one of these high LTV California private money loans, call today and we will be happy to discuss your scenario and options - 877 462 3422.

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Chris Goulart

I specialize in California private hard money loans.  These are non-institutional financing options for business and investment purposes.  I can help with most property types in California.  Most of the loans we can assist with are equity based.  We are not typically credit driven.  Our loans include long term options as well as short term bridge loans, construction, rehab and unique financing options that the banks may not be willing to provide.

www.acalending.com

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