Who are the Best Hard Money Lenders in San Diego CA in 2021?

Finding the best hard money lenders San Diego CA is critical to your real estate investing success. Whether you’re new to real estate investing or are an experienced investor, your San Diego hard money loans can end up costing you thousands of dollars if you don’t spend time selecting the best hard money lender for your situation. An bad hard money loan can cost you thousands of dollars. On the flip side, a favorable hard money loan can provide the financing you need to make a deal possible and profitable. San Diego private money lenders can give you the buying power you need to secure your deal.

We were able to find several quality local hard money lenders in San Diego. Loan amounts average around $300-350k. Rates on loans made to San Diego real estate investors average 8-13%. Most hard money loans average between 12-18 months. The average note includes a 1-5 point origination fee and the LTV offered for loans in San Diego is between 70-75%.

Here’s our list of the top 7 Best Hard Money Lenders in San Diego:

  1. Maggio Lending
  2. SD Equity Partners
  3. Source Capital
  4. Crescent Lending
  5. Lantzman Lending
  6. Wilshire Quinn Capital
  7. Talimar Financial

Top 7 Best Hard Money Lenders in San Diego CA

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1. 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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#2. 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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3. 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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#4. 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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#5. Lantzman Lending

 Our next San Diego lender is Lantzman Lending. They have more than 50 years of combined experience in the industry. Lantzman Lending prides itself on being able to provide financing to a wide variety of real estate investors with a great selection of loan programs. As a direct lender, they have the flexibility to work with investors better than a traditional bank.

Here’s some more info on their loan terms:

  • Loan Amounts: $50,000 TO $3,000.000 +
  • Term: 6-24 months
  • Interest Rate : From 7.99%
  • LTV: 65 – 70% ARV, Up to 85% acquisition + 100% REHAB
  • Origination Fees: Depends on loan length
  • No prepayment penalty
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#6. 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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#7. 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

Best Hard Money Loans San Diego FAQ

Who is the best hard money lender in San Diego?

Here’s our list of the top 7 Best Hard Money Lenders in Los Angeles:

  1. Maggio Lending
  2. SD Equity Partners
  3. Source Capital
  4. Crescent Lending
  5. Lantzman Lending
  6. Wilshire Quinn Capital
  7. Talimar Financial
What do San Diego hard money lenders charge?

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

Do Hard Money Lenders in San Diego require appraisals?

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

What are hard money loans in San Diego?

Hard money loans in San Diego 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.

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