Who are the Best Hard Money Lenders in Temecula CA?
Finding the best hard money lenders Temecula CA is critical to your real estate investing success. Whether you’re new to real estate investing or you’ve been doing it years, your Temecula 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. Temecula private money lenders can give you the financing you need to secure your deal.
Hard money lenders in Temecula are offering anywhere between 8-12% interest loans with an average value of $245k. LTVs range from 70-80%.
Here’s our list of the top 5 Best Hard Money Lenders in Temecula:
- North Coast Financial
- Lantzman Lending
- SD Equity Partners
- The Norris Group
- Source Capital
Top 5 Best Hard Money Lenders in Temecula CA
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!
2. Lantzman Lending
Lantzman Lending is a private lender in Temecula with over 50 years of direct private money lending experience. They offer financing to a wide variety of real estate investors with multiple programs. Their private loan rates start as low as 8% and can close within just 3 days.
Here are some of their loans programs:
- Fix and Flip loans
- Construction loans
- Refinance Loans
- And more!
#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.”
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
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
Best Hard Money Loans Temecula FAQ
Who is the best hard money lender in Temecula?
Here’s our list of the top 5 Best Hard Money Lenders in Temecula CA:
- North Coast Financial
- Lantzman Lending
- SD Equity Partners
- The Norris Group
- Source Capital
What do Temecula hard money lenders charge?
Hard money loan rates in Temecula range from 8 percent to 12 percent for most fix and flip and shorter term loans. Many hard money lenders in Temecula also charge points or origination fees on a loan that range from 3-5 percent.
Do Hard Money Lenders in Temecula require appraisals?
With most hard money lenders in Temecula, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What are hard money loans in Temecula?
Hard money loans in Temecula 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.
