If you’re like me, you may have found yourself of having to choose between two or three different mortgage providers for your next real estate loan. Needing quick cash to pursue a real estate investment opportunity, getting a real estate loan from my local bank would take to much time and had to many restrictions.
Like you, I put a lot of thought and care into any financial decision, so I want to partner with an expert lender who has the right solutions for any complex situation. At the same time, I can’t sit around jumping through a ton of hoops to get the funds I need or else I risk losing out on key opportunities.
I have found it to be tricky finding the right mortgage lender that checks all the right boxes. That is, until I discovered hard money lenders near me. After researching the best hard money lenders near me, I was able to find the perfect lending partner to help navigate me through my next real estate purchase and get me the funds I needed to close quickly.
Whether you are looking for hard money lenders in Los Angeles or hard money lenders in San Diego, using hard money lenders near me was the best financial decision I have ever made. The best hard money lenders near me provided both flexibility and speed to my complex real estate scenario.
Whether you need financing for a complex real estate situation or simply need quick access to cash, a hard money loan might be the answer you need. Here’s why I chose to use hard money lenders near me for my next real estate loan and why you should too.
What is a California Hard Money Lender?
If you have never heard of California hard money lenders, that’s probably because they are a little different than traditional mortgage lenders.
California hard money lenders, also known as private mortgage lenders, are not formal financial institutions like banks and credit unions. Rather, they are individual investors, businesses, or trusts.
Private hard money lenders near me are often private companies that issue real estate loans using alternative lending methodologies. For example, hard money lenders near me utilize an asset-based approach to lending, which focuses on the underlying property securing a loan request, rather than scrutinizing my income or credit.
Because the best hard money lenders near me put more emphasis on the real estate collateralizing my mortgage, they tend to be more flexible. Not only does this approach to lending make it easy to qualify for a new California real estate loan, but it also streamlines the application and approval process.
When I compared mortgage loan providers in California, traditional lenders couldn’t approve my loan for 30 to 60 days. With the best hard money lenders near me, I can get approved in minutes, with fewer headaches!
Advantages to Choosing California Hard Money Lenders Near Me
After choosing hard money lenders near me for my next real estate loan, it was clear they offered several advantages over traditional mortgage lenders like banks and credit unions. Here are a few of the advantages I gained by utilizing private hard money lenders near me.
Local Expertise and Guidance
One of the biggest reasons I chose hard money lenders near me for my real estate financing needs is because I wanted a local professional that I could trust to help navigate me through the inherent complexities of the California real estate market.
After considering a few traditional lenders with a national footprint, I quickly realized that I was working with a representative over the phone that cared little about my needs and who didn’t really understand the nuances of the California real estate market.
In speaking with hard money lenders near me, it became clear that they truly were experts on the California market because they lived and worked locally. Similarly, they provided a higher level of service by welcoming questions and taking the time in helping me develop a financing strategy that met all my needs. Can a big bank do that?
Flexible Mortgage Programs
The greatest benefit to working with hard money lenders near me was the flexible mortgage programs. Often traditional lenders only have a handful of cookie-cutter home loan solutions to offer clients.
Hard money lenders near me were able to offer a variety of different mortgage solutions for different financing situations and made it easy to qualify. Since hard money lenders near me utilize an asset-based approach to lending, they didn’t worry if I had a low credit score or a few blemishes on my credit report.
With a traditional lender, I would have had to give them my whole life story only to be declined, wasting countless hours applying and jumping through hoops without my loan ever really coming to fruition. But with a hard money loan, I could find a flexible program that met all my needs and was easy to qualify for.
Simplified Application Process
Not only do California hard money lenders near me have flexible mortgage programs to meet my financing needs, but they also make the application process convenient.
With a traditional mortgage solution, I would need to provide a full written application, provide countless financial documents, and agree to an extensive credit check. On the other hand, hard money lenders near me have a simplified application process which requires minimal paperwork.
Keeping the process short and sweet allowed me to tackle other things in life such as family affairs or running my small business. I received peace of mind knowing confidently that my credit request would be approved by hard money lenders near me.
Fast Approval Decisions
Not a lot of people know this but when you apply for a home loan with a traditional lender, it can take 30 to 60 days on average to receive a credit decision. An underwriter needs to scrutinize your application and may even ask for more documentation throughout their review, prolonging the process significantly.
Instead, California hard money lenders near me were able to offer a faster approval decision that didn’t take weeks. While I was initially skeptical, I was more than please when I received an approval decision in mere minutes!
How to Find California’s Best Hard Money Lenders Near Me
Having a go-to California real estate lender in your corner can give you a significant advantage in the market. I found it easy to find the best hard money lenders near me by following a few simple steps. Whether you want to find hard money lenders in Los Angeles, hard money lenders in San Diego, or hard money lenders in San Francisco, here are a few useful tips to aid you in your search.
Tip #1 – Complete an Online Search
There is so much information available on the internet today that doing a quick Google search can be a great place to start. I found numerous hard money lenders near me simply by searching for providers in my local area using my internet browser.
For the best results, try to narrow your search by searching for California lenders only. Also, consider interchanging the terms “hard money” and “private money” for deeper results.
Another digital tool to leverage is LinkedIn. Utilizing this social media networking platform can help get you connected with several hard money lenders in your area.
Tip # 2-Attend Local Association Meetings
Another reasonable way to search for hard money lenders near me is to make other organizations do the work for you. Real estate association meetings draw in a wide range of clientele, including hard money providers seeking new clients.
At the very least you can use these meetings to gain useful industry insights and as networking events to meet other professionals who can refer you to the right hard money provider should you not meet one yourself.
Tip #3 – Ask For Referrals From Local Experts
Speaking of referrals, consider asking local industry experts for their recommendations on who they feel is the best hard money lenders in the area. When I began my search for the best hard money lenders near me, I asked local realtors, real estate attorneys, and investors for recommendations on which hard money providers offer the best value. This made it easy to weed out providers not worth my time.
Hard Money Lenders, Independent Lending
If you are like me, the idea of applying for a new mortgage loan may seem like a real headache. For me, the hardest part of the process was finding a mortgage provider that could offer quick and flexible options. However, after discovering hard money lenders near me, I was able to save a ton of money and time finding a provider I could trust. Ultimately, Independent Lending made the decision easy.
Independent Lending is California’s premier hard money lender. Having facilitated over $500 million in mortgage lending over the last decade, I knew I was in good hands when choosing Independent Lending.
Independent Lending utilizes an asset-based approach to real estate financing that allows for greater flexibility and speed, without sacrificing service or value. With hundreds of positive reviews on Google and Zillow, Independent Lending is the clear choice for California homeowners and real estate buyers alike.
