The San Francisco, CA real estate market is prime for investing. It is an excellent time for the private money mortgage loan or the hard money loan to help investors capture some of the gains that will happen over the years to come.
When people speak of a private money lender or hard money lender, they are usually referring to a person or company (such as Saxe Mortgage) who has a large sum of money and is willing to lend the money to people as long as the loan is secured by real estate. The private money lender is concerned with the borrower’s ability to pay but less with regards to credit worthiness. The company is mostly concerned with lending a set amount of money according to the value of the property. The private money loan used to be designed to help people who are in a financial crisis of one sort or another, but today it is more for the savvy business or real estate investor.
There is no shortage of people who need to borrow money immediately. There are thousands of people that are facing the prospect of losing their homes or commercial buildings due to fluctuations in the economy and local real estate market. A private money loan can be a good solution for both the lender and the borrower; it can also be a viable options for the savvy business or real estate investor in the right instance.
The private money or hard money loan will be secured by the property. The private money lender will make sure his money is secure. One way is that the lender will not lend more than a certain percent of the present value of the property. This ensures that if the borrower defaults, he can sell the property for at least, if not more, than the original loan amount.
There are many private money mortgage loan options for commercial lending. Call Saxe Mortgage Company today and speak with our private money lenders who will help you structure your private mortgage money loan. We proudly serve commercial clients throughout San Francisco, San Mateo, Sacramento, Los Angeles, the communities surrounding Orange County, CA and the San Francisco Bay area.
When it comes to financing options, working with a private money lender can offer several distinct advantages. Private money lenders, also known as hard money lenders, are individuals or companies that provide loans based on the value of real estate collateral. Here are some of the benefits that you can enjoy when you work with a private money lender:
While working with a private money lender can benefit you in many ways, it's important to make sure that you are working with a reliable and trustworthy party before proceeding. Saxe Mortgage Company can help you make sure that our loans align with your goals.
Contact us today to learn more about how we can help you!
Real Estate Broker - CA Bureau of Real Estate - License #01823875, NMLS #320862
Available for California Properties Only
Serving Sacramento, San Francisco, San Mateo, Orange County & Beyond