Private Money Mortgage Loans
for San Francisco, San Mateo, Sacramento, Los Angeles, and All of Orange County, CA

What is a private money lender?

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.

How a private money loan works

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.

Benefits of working with a private money lender

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:

• Quick Approval: The approval process for private money lenders is generally much more streamlined compared to traditional lenders. We focus primarily on the value of the collateral rather than your credit history or financial situation. This makes it easier to get approval and funding quickly, often within days.
• Flexible Terms: Private money lenders offer more flexibility in terms of loan structures and repayment options than other types of loan. We can tailor your terms to meet your specific needs, allowing for more personalized and creative financing solutions. If you are a real estate investor, or if you have unusual financial circumstances, working with a private money lender might be particularly helpful for you. 
• Access to Non-Traditional Properties: Traditional lenders often have strict guidelines and restrictions on the types of properties they finance in order to protect themselves. Private money lenders, on the other hand, are more open to funding non-traditional properties such as fixer-uppers, distressed properties, or properties that do not meet conventional lending criteria. This makes it easier to invest in properties that might not be available through traditional financing options.
• Less Stringent Credit Requirements: Private money lenders focus primarily on the value of the collateral rather than the borrower's credit history. This means that anyone with a less-than-perfect credit score or a difficult financial history could still be eligible for a loan.

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!