The #1 San Diego Hard Money Lender

(A+ Rated with BBB | Hundreds of Closed Loans | Direct Lender)

How to find the lowest rate for a hard money lender in San Diego California

• RATES STARTING AT 6.99%*+ ON HARD MONEY LOANS,
• 4.25%+ ON RENTAL INVESTMENT LOANS,
• AND 6.99%+ ON FIX AND FLIP LOANS!
• LOW ORIGINATION FEES STARTING AT 1.50% (can be reduced with a rate adjustment)
• 1-3 YEAR TERM INTEREST ONLY 
• 30 YEAR TERM AVAILABLE ON RENTAL PROPERTY LOANS
• UP TO 80% LTV!
• UP TO 90% LTC!
• NO PREPAYMENT PENALTY* 
• QUICK & EASY CLOSINGS IN LESS THAN 7-10 DAYS
• NO VERIFIED INCOME DOCS REQUIRED OR TAX RETURNS NEEDED
• MINIMUM LOAN AMOUNT OF $100,000 UP TO 25 MILLION
• LENDING AVAILABLE NATIONWIDE ON COMMERCIAL & SINGLE FAMILY NON OWNER-OCCUPIED PROPERTIES

APPLY NOW &

GET PRE-APPROVED TODAY

The #1 Hard Money Lender in San Diego

The real estate market in San Diego can be highly competitive and prices can vary significantly depending on the location. Some neighborhoods and cities within the San Diego metropolitan area may be more attractive for real estate investment due to factors such as their location, local amenities, income levels, demographics, and potential for appreciation.

Here are some of the top rated cities and neighborhoods to consider for real estate investment in San Diego:

1. La Jolla: Located in the northern part of San Diego, La Jolla is an affluent and picturesque neighborhood known for its beautiful beaches, upscale shopping and dining, and stunning ocean views. Real estate prices in La Jolla tend to be higher than the citywide average, but the area may offer good potential for appreciation. The area has seen strong appreciation in recent years, with property values increasing by an average of 4.9% per year.
2. Del Mar: Located in the northern part of San Diego, Del Mar is a small beachfront city known for its upscale homes, sandy beaches, and horse racing track. The real estate market in Del Mar tends to be more expensive than in some other parts of San Diego, but the area may offer good potential for appreciation. The area has seen strong appreciation in recent years, with property values increasing by an average of 4.8% per year.
3. Point Loma: Located in the western part of San Diego, Point Loma is a neighborhood known for its stunning ocean views, historic landmarks, and recreational amenities like the Cabrillo National Monument. The real estate market in Point Loma tends to be more expensive than in some other parts of San Diego, but the area may offer good potential for appreciation. The area has seen strong appreciation in recent years, with property values increasing by an average of 4.5% per year.
4. North Park: Located in the central part of San Diego, North Park is a diverse and vibrant neighborhood known for its trendy restaurants, bars, and independent shops. The real estate market in North Park has been strong in recent years, and the area may offer good potential for appreciation. The area has seen strong appreciation in recent years, with property values increasing by an average of 4.4% per year.
5. Ocean Beach: Located in the western part of San Diego, Ocean Beach is a laid-back and bohemian neighborhood known for its beachfront location and vibrant surf culture. The real estate market in Ocean Beach tends to be more affordable than in some other parts of San Diego, and the area may offer good potential for appreciation. The area has seen strong appreciation in recent years, with property values increasing by an average of 4.3% per year.

One major point to consider when investing in real estate in San Diego is rent growth. Rent Growth is the increase in rental prices which generates cash flow as a real estate investor.

 Some neighborhoods and cities within the San Diego metropolitan area may have higher rent growth than others due to various factors such as demand, supply, and local amenities.

According to recent data, some of the areas in San Diego with the highest rent growth in recent years include:

1. Pacific Beach: Located in the western part of San Diego, Pacific Beach is a popular neighborhood known for its beachfront location and vibrant surf culture. The area has seen strong rent growth in recent years, with rental prices increasing by an average of 5.4% per year.
2. North Park: Located in the central part of San Diego, North Park is a diverse and vibrant neighborhood known for its trendy restaurants, bars, and independent shops. The area has seen strong rent growth in recent years, with rental prices increasing by an average of 4.6% per year.
3. Mission Beach: Located in the western part of San Diego, Mission Beach is a popular neighborhood known for its beachfront location and lively atmosphere. The area has seen strong rent growth in recent years, with rental prices increasing by an average of 4.4% per year.
4. Hillcrest: Located in the central part of San Diego, Hillcrest is a diverse and trendy neighborhood known for its LGBTQ+ community, independent businesses, and cultural attractions. The area has seen strong rent growth in recent years, with rental prices increasing by an average of 4.2% per year.
5. La Jolla: Located in the northern part of San Diego, La Jolla is an affluent and picturesque neighborhood known for its beautiful beaches, upscale shopping and dining, and stunning ocean views. The area has seen strong rent growth in recent years, with rental prices increasing by an average of 3.7% per year.

It is important to note that rent growth can vary significantly depending on the specific property and location, and it is not guaranteed. Once you have found the right property in the correct location you will need to obtain a reliable and cost-effective source of financing for the project.

If you are looking for a San Diego private money lender who can offer low rates, close quickly, and not require any income docs or a minimum credit score then Capital Funding Financial is the perfect hard money lender in San Diego for you.

Capital Funding Financial specializes in asset based private money loans on non-owner-occupied investment properties nationwide particularly in states such as San Diego. Capital Funding Financial is backed by a Family Office with over 1,000 Single Family Developments built across the United States and over 250 million deployed in loans.

If you are a real estate investor, developer, mortgage broker, or individual in San Diego who needs a FAST, RELIABLE, & HONEST PARTNER for rental investment, commercial, or multi-family properties… Contact us today for a complimentary consultation.

We would like to provide you a pre-approval letter and soft quote for your particular scenario.

 

APPLY NOW & GET PRE-APPROVED TODAY

FAQ’S

Or Call Us At 866-999-2011

What is a hard money loan?

A hard money loan is a loan based primarily on the value of the property and not on the income or credit of the borrower. Where asset-based lenders aka hard money lenders in San Diego focus primarily on the value of the asset used as collateral for the loan traditional banks and lenders focus chiefly on the credit and income of the borrower in making their decision on whether to extend credit. Furthermore, where traditional loans are generally for 15–30-year durations, hard money loans are used as a temporary alternative (1–3 years usually) as a bridge to acquire a property, rehab, stabilize it, and have it ready to be sold or refinanced. Hard money loans are provided to all asset classes ranging from commercial, retail, office, industrial, multi–family, or single-family residential homes. Hard Money loans are similar to loans on chattel in other countries but in the US they are primarily associated with real estate loans based primarily on the asset value.

Why choose a San Diego hard money loan over a conventional loan?

(1) Quick Funding– conventional banks take the absolute minimum of 30-45 days to finance an individual family residential loan and anywhere between 60–90 days to finance a commercial loan. Whereas a San Diego hard money loan by Capital Funding Financial is generally funded within 5-10 days.

(2) The Property Needs Work– due to the conventional bank‘s very conservative underwriting guidelines, most will not lend on properties needing repair. However, a private money lender will be happy to loan on a property that either lacks cash flow or needs upgrades.

(3) Not based on credit or income– Traditional banks rely heavily on a borrower’s credit score, reported income, and the borrower’s ability to repay the debt. As a result, traditional banks turn down even strong income borrowers such as doctors, lawyers, and solicitors who have high incomes but also have a lot of debt. So, there is a key role that private lenders such as Capital Funding Financial play in lending to borrowers based on the asset value versus the debt to income of the individual borrower.

What type of properties qualify for Hard Money Loans?

• Single Family (Investment)
• Duplex, Triplex, Quadplex
• Large Developments
• Condo Conversions
• Multi-Family Properties
• Mixed-Use Properties
• Commercial Properties (Office, Retail, Industrial)

How long is the term of the hard money loan?

Typically, hard money loans or bridge loans are 12 months. However, Capital Funding Financial offers hard money loans for up to 36 months (24-month term with up to a 12 month extension).

How fast can hard money loans close?

In some cases, Capital Funding Financial can close within 48 hours where title, valuation, and insurance are in place! The average turnaround time is 3 to 7 business days.

How can I qualify for a hard money loan?

Simple… you just need equity in your property if you are refinancing OR if you are purchasing you will need to put down at least 15 – 20%. It is common practice to have a entity to purchase the property in to ensure it is for “business/commercial purpose.”

Are Hard Money Loans a Good Idea?

Yes… hard money loans allow real estate investors the flexibility to close quickly without having to go through a long and extensive underwriting process.

How do Hard Money Loans Work?

Hard money loans focus solely on the ratio of the loan amount to the value of the property. The higher the leverage the more the risk, whereas the lower the leverage the safer the transaction.

What is the average interest rate on hard money loans in San Diego?

Most hard money loans range from 10% – 12% interest rates. However, Capital Funding Financials’ hard money loan rates in San Diego start at 6.99%.

Do hard money lenders require a down payment?

On purchase transactions, yes. At least 10% is required.

WHAT LOAN DOCUMENTATION DO YOU NEED TO QUALFY FOR A HARD MONEY LOAN IN SAN DIEGO?

For Purchase Transactions:

• Loan Application & Disclosures
• Driver’s License or Passport (ITIN number if you are a Foreign National)
• Purchase Agreement and any addendum(s)
• Proof of Earnest Money Deposit with check or wire receipt
• 2 Months Bank Statements to show the necessary cash to close and liquidity
• Entity Docs – Articles of organization, Operating agreement or Bylaws, EIN #, CDD Form, Corporate Resolution
• ACH Setup Form
• Title Commitment, Survey, HOA/Condo Questionnaire (if applicable), E&O, Wire Instructions, Confirmation of GAP Coverage, CPL, Draft Deed, HUD
• Evidence of Insurance – RCE/Insurable Value Required for Dwelling Coverage and 6 Months Loss of Rent Coverage
• Appraisal Payment (Appraisal or BPO to be Ordered by Capital Funding Financial) – If you need to rush we can waive this condition if the equity is there!
• Lease Agreement (if applicable)

For Refinance Transactions:

• Loan Application & Disclosures
• Driver’s License or Passport (ITIN number if you are a Foreign National)
• Payoff Statement or Mortgage Statement (if applicable)
• 1 Months Bank Statement to show current liquidity
• Entity Docs – Articles of organization, Operating agreement or Bylaws, EIN #, CDD Form, Corporate Resolution
• ACH Setup Form
• Title Commitment, Survey, HOA/Condo Questionnaire (if applicable), E&O, Wire Instructions, Confirmation of GAP Coverage, CPL, HUD
• Evidence of Insurance – RCE/Insurable Value Required for Dwelling Coverage and 6 Months Loss of Rent Coverage
• Appraisal Payment (Appraisal or BPO to be Ordered by Capital Funding Financial) – If you need to rush we can waive this condition if the equity is there!
• Lease Agreement (if applicable)

HOW LONG DOES THE HARD MONEY LOAN PROCESS TAKE TO CLOSE IN SAN DIEGO?

Once we have received the Appraisal, Title Commitment, and Insurance we will the loan to Final Underwriting. Upon review of the loan file by our Underwriter, we will submit to Legal for Loan Documents pending any Clear to Close Conditions.

At Capital Funding Financial, we close loans in 1/3 of the time it takes to close a conventional mortgage loan! Our quick and easy loan process eliminates the stress and hassle that has plagued the mortgage lending industry for years. You will be able to leverage your capital, grow your portfolio, and enjoy better cash flow using Capital Funding Financials’ San Diego hard money loan program!

“Hard Money Lender San Diego”

We provide hard money loans throughout the San Diego Metropolitan Statistical Area (MSA) as well as San Diego, San Jose, Sacramento, San Francisco, Santa Barbara, Sacramento, Long Beach, Anaheim, Stockton, Riverside, Santa Ana, Irvine, Chula Vista and many other cities in California.

If you’re in need of a hard money loan for a rehab project, fix & flip, or rental investment loan, please contact us today at 954-320-0242 or toll free at 1–866–695–0092 or visit Hard Money Loan for more info.