Who are the Best Hard Money Lenders in California in 2021?

Finding the best hard money lenders California is critical to your real estate investing success. Whether you’re new to real estate investing or you’ve been doing it years, your California hard money loans can end up costing you thousands of dollars if you don’t select your hard money lender carefully. Whether you’re looking for a fix and flip loan or a longer term rental loan for the BRRRR Method, an unfavorable hard money loan can cost you thousands of dollars in profit if you don’t account for things like origination fees, monthly interest, prepayment penalties and more. On the flip side, a favorable hard money loan can provide the financing you need to make a deal possible and successful. California private money lenders can give you the financing you need to secure your deal.

Here’s our list of the top 10 Best Hard Money Lenders in California:

  1. North Coast Financial
  2. Maggio Lending
  3. SD Equity Partners
  4. The Norris Group
  5. Source Capital
  6. Crescent Lending
  7. Wilshire Quinn Capital
  8. Talimar
  9. Golden Gate Lending Group
  10. Civic

Top 10 Best Hard Money Lenders in California

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1. North Coast Financial

North Coast Financial offers fast approvals and funding, competitive rates and fees, flexible lending criteria and excellent customer service. They can fund their hard money loans for investment property  within 5 days. They provide both 1st and 2nd hard money loans and lend to numerous types of borrowers including individuals, entities (LLCs, partnerships, corporations), trusts and estates. 

They offer a great selection of loan programs including:

  • Fix and Flip loans
  • Construction loans
  • Bridge Loans
  • 2nd and 3rd mortgages
  • 30 year rental loans
  • Probate
  • Owner occupied
  • And more!
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2. Maggio Capital

Our first hard money lender in San Diego is Maggio Capital. With over 100 excellent reviews on Google, Maggio Capital is one the most highly ranked hard money lenders in San Diego. 

Maggio Capital is based right in San Diego. The company was founded in 2009 and the principals have been originating, underwriting and funding non-traditional mortgages since 2007.

Here are some of their loans programs:

  • Fix and Flip loans
  • Construction loans
  • Bridge Loans
  • 2nd and 3rd mortgages
  • 30 year rental loans
  • And more!
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#3. SD Equity Partners

Next up is SD Equity Partners. With another quality Google profile and website, Sd Equity Partners is a solid choice for hard money loans in San diego. They specialize in fix and flip rehab loans. 

Here’s a quote from one of their clients: “We have used SD Equity Partners on a number of our properties and have been very happy with our experience. As a San Diego cash buyer, it’s imperative for us to have someone we can count on in our corner. We’ve found them to be the perfect mix as a partners: big enough to handle anything we throw at them with all the resources needed, but small enough to be nimble, always available, and perform at a very higher standard.”

 

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4. The Norris Group

The Norris Group has provided millions in hard money loans for California real estate investors every month since 1997. No bait and switch, great service, fast closings, and the right program at the right time in the right markets. They provide non-owner occupied, business purpose hard money loans for primarily single-family properties (1-4 units) all over California and Florida.

They’re also very transparent with all of their loan terms from fees, to LTV and more. 

Here is more about their rehab program:

  • 1 year term
  • Interest: 9.9%
  • No prepayment penalty
  • Up  to 70% LTV
  • Origination: 1% for experienced investors, 2% for new
  • Fees: $1,095
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5. Source Capital

Source Capital is another highly rated hard money lender in California. They have an excellent Google profile, a quality website and a great selection of loan programs.

They offer flexible terms and have a wealth of experience. Boasting over 65 years of expertise and experience with hard money lending, Source Capital has funded over $400 million in commercial and residential loans. 

Here is more about their rehab program:

  • Rates Starting at 7.99% Interest
  • Flexible credit
  • No Debt to Income Requirements
  • No Prepayment Penalties
  • Loan amounts from $20,000 to $10,000,000
  • Residential, Commercial, Industrial
  • Up to 70% Loan to Value
  • Closings in 7-10 Days
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#6. Crescent Lending

With over 20 years of experience in the banking sector Mr.Padilla at Crescent Lending has solely specialised on the hard money lending market since 2011. He has worked for banks such as Bank of Boston, Long-Term Credit Bank of Japan and Fuji Bank and served clients in various Fortune 500 companies.

Crescent Lending has underwritten and funded over $150 Million in hard money loans over the last 9 years which are primarily funded by private investors as well as traditional banking institutions.

Here’s some more info about their loans:

  • Interest Rates: Starting @ 7.99% (interest only)
  • Closing Time: 5 to 7 Days
  • Location: Anywhere in California
  • Loan To Value Ratio: Up to 75% LTV
  • Loan Types: Purchase, Refinance, Cash-Out, Fix and Flip, Probate, 1031 Exchange
  • Amounts: $200K – $5M
  • Origination Fee: 2 to 3 points, dependant on size and term
  • Lien Positions: First Trust & Second Trust Deeds
  • Underwriting Fee: $1500
  • Loan Term: 6 to 60 months (extensions available)
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#7. Wilshire Quinn Capital

Wilshire Quinn, headquartered in San Diego, California, is a direct private money lender focused on short term bridge loans. Their in-house loan origination allows for a faster, more streamlined lending process. Wilshire Quinn has grown to become one of the premier bridge lenders in California.

Wilshire Quinn provides financing to borrowers who are unable to obtain financing from traditional lending institutions. They provide loans to corporations looking for construction financing, to individuals who are looking to purchase or refinance an investment property and more.

Here is more information about their loans:

  • Lien Position: First Trust Deed or First Mortgage

  • Loan Amounts: $200,000 to $20,000,000

  • Closing Time: Typically 5 to 7 business days from application

  • Loan To Value: Up to 60%

  • Interest Rates: 8.0% – 10.5% fixed, interest-only

  • Pre-Payment Penalty: None

  • Loan Term: 6 to 24 months

  • Origination Fee: 1 to 5 points based on the location of the property, LTV, credit worthiness of the borrower, loan amount and term

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#8. Talimar Financial

Laast but certainly not least is Talimar Financial. They’re another San Diego based hard money lender. They have an excellent Google profile and a top notch website. 

They offer bridge loans, fix and flip loans and construction loans – all with very competitive rates. 

Here is more information about their rehab loan :

  • LTV: Up to 70% of Completion Value
  • Loan term: 6 to 18 months
  • Rates: Starting at 7.99%
  • Residential / Commercial
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#9. Golden Gate Lending Group

Sofia at Golden Gate Lending Group has successfully closed more than $400 million in loans over her 20 years in the business. She works primarily off of referrals, which says all you need to know about the quality of their process.

Here are some of their loans programs:

  • Fix and Flip loans
  • Construction loans
  • Bridge Loans
  • Purchase money loans
  • Long term loans
  • And more!
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2. Civic Financial Services

Our next hard money lender is CIVIC Financial Services. CIVIC is a best-in-class real estate lender that provides fast and simple financing to real estate investors. Whether the intention is to buy a single-family home to flip, to leverage an existing portfolio of rental homes to hold long term, or to acquire multifamily real estate for cash flow, they have a focused team and set of products that empower investors to build wealth through real estate.

Here’s some more info about their loan program:

  • Up to 80% LTV
  • Rehab financing available up to 100%
  • 5/1 Arm starting at 4.99%
  • 1 year bridge starting at 6.99%
  • $100K-7.5M loan amount, higher on case-by-case basis
  • SFRs, condos, townhomes, and 2-100 unit properties
  • Experienced borrowers & new investors welcomed
  • No personal income verification
  • Closings in 7-12 business days

Speed in the loan process from start to finish. Excellent rep support; Processing, UW and Closers are great to work with.
– Danny A.

Best Hard Money Loans California FAQ

Who is the best hard money lender in California?

Here’s our list of the top 10 Best Hard Money Lenders in California:

  1. North Coast Financial
  2. Maggio Lending
  3. SD Equity Partners
  4. The Norris Group
  5. Source Capital
  6. Crescent Lending
  7. Wilshire Quinn Capital
  8. Talimar
  9. Golden Gate Lending Group
  10. Civic
What do California hard money lenders charge?

Hard money loan rates in California range from 8 percent to 13 percent for most fix and flip and shorter term loans. Many hard money lenders in California also charge points or origination fees on a loan that range from 1-5 percent.

Do Hard Money Lenders in California require appraisals?

With most hard money lenders in California, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.

What are hard money loans in California?

Hard money loans in California are loans secured by real estate used to purchase or rehab that piece of property.

These short term loans are used to purchase and/or rehab residential or commercial properties. They’re usually more expensive than traditional loans but can be closed faster and oftentimes with less credit requirements.

Our California City Guides
Here are some in depth hard money guides for cities throughout California:
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