Hard Money Lenders California

Fast California Hard Money Loans
Ready to close in less than a week

  • Interest rates 10 – 12.75%
  • Credit score 650+
  • Loan-to-Cost Up to 90%
  • No income verification
  • Get approved online in 5 minutes
  • Instant proof of funds letter
  • Interest only payments
Get Approved Online
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Need financing for your upcoming real estate project? Get approved for a California hard money loan in 5 minutes using our online application

Need funding fast? Look no further than New Silver. New Silver has the perfect selection of hard money loans for property investors in California.

New Silver has a variety of different hard money loan products available to suit every real estate investor’s needs. Run by a team of experienced real estate professionals, our hard money loans are well suited to real estate investors in California.

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Loan Programs

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Fix & Flip

For house flippers hoping to purchase a fixer upper to renovate and resell in California. Interest rates from 10 – 12.75%, Loan-To-Cost up to 90%, with loan terms up to up to 24 months. Hard Money Refinance Loans also available.

  • Get up to $5,000,000
  • Interest rate 10 – 12.75%
  • Origination fee from 1.875%
  • Up to 100% construction
  • More info
Get Approved Online
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Rent

30-year rental loans for stabilized rental properties. Ideal for investors hoping to acquire an investment property. Interest rates from 7, loan-to-purchase price up to 80%. Built for buy and hold investors that purchase rental properties.

  • Get up to $3,000,000
  • Interest rate 7
  • Origination fee 1.75-2.5%
  • 30-year fixed rate
  • More info
Get Approved Online
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Ground Up

Designed for residential builders, our ground up construction loans can finance up to 90% Loan-to-Cost (LTC). Interest Rates from 10 to 13.25%

The perfect solution for builders in California that need quick access to capital to fund construction costs.

  • Get up to $5,000,000
  • Interest rate 10 - 13.25%
  • Origination fee from 1.875%
  • Up to up to 24 months
  • More info
Get Approved Online

California Hard Money Loan

Getting a traditional loan is a slow, drawn-out and exhausting process. Thankfully, New Silver’s hard money loans are designed for real estate investors that value speed, efficiency and transparency. Offering fix-and-flip, fix-to-rent and construction loans, our team of experienced real estate experts are available to get you capital and assist you with any hiccups that may come up along the way.

New Silver is one of the top rated California hard money lenders. As licensed real estate investment professionals, we know what real estate investors need: quick and easy online applications, terms of up to twenty-four months and most of all, fast loan closing and attractive rates. At New Silver, we specialize in hard money loans for single-family residential, but we can also cater to multi-family and commercial real estate projects. Contact our California hard money lending team today to find the best loan fit for your next real estate project.

Ultimately, if you need a fast closing hard money loan with competitive interest rates, New Silver is the hard money lender for you.

New Silver lends in these cities:

California House Market Overview

Median Sale Price

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$728,134

1-Year Home Appreciation

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-1.7%

Average
1 Bedroom Rent

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$1969

Average 3 Bedroom Rent

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3,144

Homes In California Are Extremely Expensive According to Zillow, the average home value in California is $728,134. This is more than double than the average home value in the US ($334,269).

Based on these prices, it’s pretty clear that you need to be a high net worth individual to have a realistic chance of owning a home in California.

Rental Rates Are High, But So Are Mortgage Payments:The Average 1-Bedroom Rental rate ($1,969) in California is more than the average 3-Bedroom rental rate in most states in the US.

While this is great for landlords in theory, the issue is that the mortgage payments tend to be very expensive as well. This makes it difficult to achieve a cash flow positive rental property during the first few years of ownership.

However, if you can hold California property over the long term, you can improve the cash flow status of the investment and still sell it for a massive profit by leveraging the power of home appreciation.

Median Home Price by MSA

MSA Name Median Home Price 1-Year Appreciation 3-Year Appreciation
Anaheim $1,200,000 9.1% 45.3%
Los Angeles $893,200 3.8% 37.5%
Riverside $567,000 8.2% 49.2%
Sacramento $535,000 4.5% 37.9%
San Diego $900,000 5.9% 39.5%

California Real Estate Market Analysis

Properties Are Most Expensive In San Jose & San Francisco: California is well-known for having some of the most expensive property prices in the US, and this is typified by the San Jose ($1,688,000) and San Francisco ($1,300,000) markets.

To enter markets like these, you need to have deep pockets and a very sound business plan.

Appreciation Rates Are Slowing Down In Many Areas: Unlike the rest of the US market, appreciation rates have slowed down dramatically over the last year. There are a number of markets that have experienced negative growth, with San Francisco (-3.7%) being the most pertinent example.

Other cities like Los Angeles (3.8%) and San Diego (5.9%) are still experiencing slow but steady growth.

The California Market Is Cooling Off: Overall, it’s fair to say that the California market is currently in a cooling period. The median sale price in the state ($705,900) is actually 4.4% less than it was one year ago. This makes California the exception rather than the rule, with home prices increasing in most states across the US over the last 12 months.

In addition, the number of homes sold (19,397) decreased by 44.1% year-over-year, which indicates that the number of potential buyers is currently on a downward trend.

 

California Real Estate Investor Associations

 

Reasons to Fund Your Investment Property with New Silver

It doesn’t matter if you are a buy and hold investor or a house flipping specialist. New Silver is a direct hard money lender with a selection of real estate loans perfectly matched to meet your real estate investing needs. Unlike a conventional mortgage which can take ages to complete, our hard money loans can be approved online in less than 5 minutes, with an instant proof of funds letter to help you secure the purchase. We are ready to help you solve your real estate investment needs with fast closing hard money loans and a streamlined online application process.

Frequently Asked Questions

Yes. New Silver is a top rated direct hard money lender that offers short term loan products for house flipping projects, but we also have 30 year rental property loans for investment properties. We also cater to real estate entrepreneurs hoping to build multi-family apartments with our new construction loans.

Yes, New Silver is a private money lender that provides asset-based loans at scale. With asset-based lending, the underwriting process can be more lenient than conventional lenders. This is because the underlying value of the asset is more important than the financial background of the investor when setting the terms of a hard money loan.

As a result, the financing and credit score requirements of private money lenders are less stringent, income verification is not needed and the debt-to-income ratio of the borrower is far less important. Plus, we can get you approved and closed within 7 days. That's why we are one of the top rated California hard money lenders

Yes. We offer ground-up construction loans for real estate developers that build single family (1-4 unit) residential properties. Our private hard money loans are extremely convenient for new construction projects.

Yes. Our fix and flip loans can act as a bridge loan for real estate investors with a loan term ranging from 6 to 24 months in duration. More information can be found on the loan product page, together with the maximum loan amounts available.

The main reason hard money loans have higher interest rates than traditional loans is because of the risks involved in the transaction. Unlike a residential home purchase, a fix and flip project could run over budget or the real estate market could take a turn for the worse, making the property difficult to sell quickly.

In other words, you could potentially lose money with a fix and flip. This risk is applicable to the borrower and the direct hard money lender that you choose to work with. The higher interest rate compensates for this risk, which most conventional lenders are unwilling to take on. Hard money lenders effectively fill the gap, using an asset based lending model to fund real estate deals.

The origination fee (loan points) of a hard money loan is usually between 2-3%, but this varies with each deal. To work out the expected monthly payments of a hard money loan, it is best to use our hard money loan calculator.

On this point, it is also worth noting that the monthly payment of all short term New Silver hard money loans work on interest only payments. This helps reduce the cash flow burdens of the investor while the project is underway. Interest only payments are one of the best benefits that you can unlock by working with a reputable hard money lender like New Silver.

In short, yes. While the credit requirements of a hard money lender are not as stringent as a traditional lender, we do review the credit history of all our borrowers. If you’re worried about bad credit, it is best to look at our hard money loans product page to see if New Silver is a good fit for your needs.

You should find that our interest rates are lower than other hard money lenders. In addition, we don’t require income verification during the credit history check.

  1. House Flipping Loan – Designed for house flippers
  2. Rental Property Loan – 30 year loan for investment properties
  3. Construction Loan – For new residential building projects

Right now, we do not specialize in commercial hard money loans. With that being said, our maximum loan amount should be big enough to cover both residential and commercial projects. In addition. we are one of the few hard money lenders that offers ground up construction loans.

To be more specific, our hard money loan product can cover projects up to 4 units. If you are hoping to purchase more than 4 units, we can connect you with a partner that can help you get the capital you need to complete your project.

Where We Lend

Hard Money Loans Across The US

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