San Francisco Hard Money Loans
When it comes to getting funding for a fix and flip, a distressed property, new construction, commercial or residential real estate, you may find the process much more difficult and time-consuming than you imagined.
That’s because oftentimes, even with good credit and a solid offer, it can be hard to stand out in the ultra-competitive real estate markets of San Francisco. Sellers know what they have and in a crowded real estate market, the first to make a good offer with considerable financial backing is oftentimes the one that stands out.
With that being said, there’s a reason why so many real estate investors, construction professionals and everyday consumer borrowers come to Lending Bee Inc. Our San Francisco hard money lenders understand the needs of today’s investors and buyers and we can help you secure the funding you need to make a compelling offer.
What is a Hard Money Loan?
Instead of concentrating on things like credit score or income, like banks do for conventional home loans, our San Francisco hard money lenders concentrate on the real estate you own as collateral, as well as the equity you own in it. This means that you can use your existing property or other assets you own toward the purchase of real estate in San Francisco without having to wait weeks or even months for an answer from your bank as to whether or not you got approved.
Hard money loans in San Francisco are funded by private lenders, and as such, these lenders understand that many people choose hard money loans for various reasons. Perhaps you want to buy a home in need of major repair and fix it up to flip it. Maybe you want to start new construction or do a reverse mortgage refinance. Whatever the reason, Lending Bee Inc. is here to help with private loans that meet your needs.
Why Choose Lending Bee Inc. for Hard Money Loans in San Francisco?
There are lots of reasons to consider working with Lending Bee Inc. As one of the most trusted private money lenders in San Francisco, we have a long and illustrious track record of helping make funding possible when banks and other financial institutions say no. When you work with Lending Bee Inc., you’ll enjoy many benefits over the traditional mortgage process, including:
- Low Fixed Rates – as low as 7.99%
- No prepayment penalties
- No junk fees
- Loans up to 70% of LTV and short, 3 year terms
- Lender fees as low as 1.75 points
- Pre-approval process within 24 hours
- Funding available within days – not weeks or months
- Poor credit OK!
- Past bankruptcy OK!
- Foreclosure OK!
- Foreign Nationals OK!
- Direct lender funding millions of dollars of loans across 30+ years
- BBB A+ Rating, top reviews from well-known, trusted sources including Google and Yelp.
Why Invest in Real Estate in San Francisco?
Investing in real estate can be a great way to build your income. For one thing, there’s only so much land available, and in the Bay Area in particular, real estate demand is at an all-time high. Unlike traditional stocks and bonds, real estate can weather a tumultuous financial market.
Increase Your Chances of Getting Funding
In addition, owning property helps you build equity, which increases your chances of getting approved for funding (including hard money loans in San Francisco) which can in turn help you buy more real estate.
Create a Lucrative Retirement
In addition, real estate is a great way to create retirement income. If you have multiple rental properties, your retirement can set you up so that your golden years are some of the best ever. Plus, real estate is flexible. You’ll be able to make money, essentially, while you sleep!
Unique Funding Needs are No Problem!
With that in mind, most people don’t have the money to pay up-front for a loan. What’s more, in recent years, banks have become very stringent on who they’ll loan to. You need near-perfect credit scores and ample funding to even get the time of day from them. Plus, they’re highly risk-averse. So if you want to buy a fixer upper or a distressed property, fix it up and sell it, banks get nervous.
At Lending Bee Inc., we don’t, because we’re real estate investors too. Our network of private lenders understands your needs and wants to help you meet your real estate investing goals.
With competitive rates, great reviews and knowledgeable hard money lending professionals right here in San Francisco, you can get the funding you need quickly, easily and hassle-free.
Call us today for a free, no obligation consultation and let us help you get pre-approved. The process takes as little as 24 hours and you could have funding in days, making it easier than ever to thrive in the hungry and lucrative real estate market!