SAN DIEGO HARD MONEY LENDERS

San Diego hard money loans have many of the same characteristics that you would expect from conventional mortgage loans. For example, San Diego hard money loans are usually secured by real estate. Similarly, hard money loans often have a similar payment structure compared to real estate loans.

One of the biggest differences is that hard money loans are financed by San Diego hard money lenders, who are either private investors, trusts, or limited liability companies rather than larger institutional investors such as banks and credit unions.

Borrowers like to work with San Diego hard money lenders because they are not subject to some of the same overarching rules and regulations that conventional lenders must follow.

This also allows San Diego hard money lenders to focus more on your individual financing needs and come up with creative solutions to facilitate new credit requests.

Unlike a bank or credit union, who focus their approval process mainly on borrower attributes by examining factors such as your credit score or income history, San Diego hard money lenders take a different approach by focusing on the value of the underlying real estate and your equity position for that property.

Since San Diego hard money lenders put more emphasis on the real estate over other compensating factors, most generally require down payments or equity between 25-30%. San Diego hard money loans are also designed for short-term use, meaning having an exit strategy is key, whether you choose to refinance or sell your property down the road.