Hard Money Loans for Sacramento Real Property
Equity-Based Private Money Loans for Residential and Commercial Real Estate
At Socotra Capital, we are proud to be the direct hard money lender of choice for the greater Sacramento area. As an experienced private money lender, we work with corporations and investors who want to refinance or buy real estate using equity-based lending when a conventional loan is not an option. A hard money loan is ideal for those who aren’t able to secure conventional funding for a set project. And we are proud to originate, underwrite and fund all of our own hard money transactions.
At Socotra Capital we fundhard money loans for a variety of needs in Sacramento, including:
- Fix and flip loans
- REO Short Sale transactions
- Residential rehab loans
- Commercial rehab loans
- Bridge loans
- Ground up construction
Depending on your needs, we can also fund hard money loans for other types of real estate projects in Sacramento. When you need to work with a direct hard money lender that offers efficient, reliable and professional services, there’s simply no better choice than us. After all, at Socotra Capital, we are your partner and your success is our success.
Call for your Free Consultation Today!
Providing Hard Money Loans for Sacramento
At Socotra Capital, a local lender based in Sacramento, we’re flexible when we work with our clients because we know that securing financing for non-conventional projects can be difficult. To best meet your needs, we focus not on your overall credit but on your equity. In the past, we’ve accepted borrowers with prior bankruptcies, foreclosures and low credit scores. Socotra Capital is your hard money lender of choice when the bank says no. Our friendly, professional staff always works hard to respond quickly to client needs.
We appreciate the need for rapid access to funds and rely on our streamlined process to offer same-day pre-qualification whenever possible. To get started, complete our Hard Money Loan Interest Short Form and we’ll be in touch.
Hard Money Loans Geared for Residential Properties
We work with real estate investors and professionals across the Sacramento Valley to provide hard money loans in support of all their property buying and refinancing needs. Whether you are looking to acquire an REO, a banked owned home, foreclosed property, a private auction purchase, a short sale, distressed property, a fix and flip loan, or bridge loan to finish the construction or remodel of an investment property in Sacramento, Socotra Capital is able to underwrite a hard money loan quickly so you can take advantage of the opportunity.
There’s a great rental market in the Sacramento area, meaning that there’s never been a better time to buy an investment property. If you’re interested in owning a rental, consider using our hard money Buy and Hold Program. This loan program allows those who plan on purchasing income-producing rental properties to get a variety of loan terms, running from two to 10 years, with interest only or full amortization, so long as the property to be purchased qualifies after appraisal.
Our residential hard money loan parameters for Sacramento investors are as follow:
- Up to 75% of Costs–including Purchase and Rehab
- Up to 65% Loan-to-Value
- Loan Amounts of from $30,000 to $6,000,000
- No limit on the number of properties
- Loans to Individuals, Trusts, and LLCs
For investors desiring to flip distressed residential properties for resale, our short-term Fix and Flip hard money program enables you to borrow up to 75% of your total project costs, including purchase price and the cost of rehab. This is one of our most popular residential hard money programs.
Private Money Loans for Commercial Property in Sacramento
At Socotra Capital, we have been a private money lender providing hard money fix and flip and bridge loans on commercial properties throughout Sacramento since 2007. For real estate purchases of distressed properties such as vacant retail or apartments, to bank owned properties that need to close ALL CASH, we provide hard money loans on all types of commercial property in the Sacramento metro area.
If for any reason you do not qualify for a standard commercial loan on your property in Sacramento, be it a line of credit being pulled or lack of cash flow, Socotra Capital can help you with a hard money loan to get you through your difficult period until you turn your business around. Socotra Capital is your lender of choice in Sacramento for the small business owner looking to refinance, get cash out, or have a free and clear property that needs money.
Our Commercial Private Money Loan Parameters
- Property Types :Industrial, Office, Retail, Apartment complexes (6+ units), Shopping Centers, Restaurants, Mixed-use, Automotive, Hotel, Finished Lots, Ground Up Construction, Agricultural Land, Gas Stations, and Specialty properties such as Cold Storage Facilities, Churches, Wineries, and Horse Ranch are among the most popular
- Loan Amounts : $30,000 – $6,000,000
- Term :6 months to 10 years and interest only, partially amortized, and fully amortized loans available
Private Money Loans for Sacramento Mortgage Brokers
Mortgage brokers have watched many of their clients get turned down for loans given today’s strict lending environment. Instead of waiting for weeks or months for your clients to find funding in the Sacramento area, you can help them by choosing a strategic partnership with Socotra Capital. We can be your hard money lender of choice and provide private money loans to your clients where appropriate.
At Socotra Capital, we take pride in quickly underwriting and funding all loans to minimize turnaround time and help you and your clients achieve your goals. Because hard money loans can be used for many different residential and commercial real estate purchases in Sacramento, you and your clients won’t have to deal with the strict guidelines associated with traditional commercial or home loans. In fact, hard money loans are the perfect alternative when these other loan products simply won’t meet your needs.
Choosing a Hard Money Loan for Sacramento Real Estate
There are a variety of situations that might press a real estate investor or corporation to consider working with a hard money lender in the Sacramento Valley. Some examples of when a hard money loan might be appropriate include:
- You want to buy residential or commercial property for investment purposes because of current market strength.
- You want to buy an REO, foreclosure or short sale that must be improved before it can qualify to be purchased by an FHA buyer.
- You need financing both to purchase and rehab the property.
- You have an upcoming balloon payment due.
- The line of credit you used previously isn’t available anymore.
- You don’t meet the parameters of conventional homeowner or SBA loans.
- Your income or credit score aren’t sufficient to qualify for a conventional loan.
- You need cash to make a purchase now and can’t wit for a conventional loan to go through.
- You have short-term purchasing needs and only require short-term financing.
- If you come up short or made an offer ALL CASH, you use can use our HARD MONEY – WE ARE AS GOOD AS CASH!
Socotra Capital—Your Best Choice for Hard Money in Sacramento
If you are a real estate investor looking to take advantage of this great buying opportunity in the Sacramento area, you’ll likely use hard money loans to secure financing as most offers will be either ALL CASH or need to close too quickly for traditional financing. The cost of a hard money loan from Socotra Capital is a fraction of the profit made when buying correctly.
As we underwrite and review our hard money loans, we’ll help to ensure that you’re set up for success. After all, we’re more than just your lender. We’re also your partner for your project. Our goal is to ensure that all parties with whom we work can walk away happy. We are solely hard money lenders, meaning that we won’t ever compete with you to make a purchase or bet against you in the Sacramento real estate market. We know that we owe our success to the commitment of our clients. We are hard money lenders, and it’s all we do.
If you are a business owner that has equity in your Sacramento real estate, or an investor in commercial real estate, but are unable to qualify for a traditional loan, we providehard money bridge loans and private money solutions that can be customized for your specific project. Whether refinancing a free and clear property to get additional working capital or paying off a line of credit, we will get you the cash you need to accomplish your objectives.
As a short and intermediate term bridge lender, we will get you the financing you need so you can focus on the success and health of your business.
Your Sacramento Hard Money Lender of Choice
For your security and peace of mind, finding a hard money lender in Sacramento that you can trust is imperative. A private money lender that not only has the financing you need, but will keep your best interests at heart. When you work with Socotra Capital, we do everything we can to secure you the best rate and terms for a private money loan and work hard to underwrite your hard money loan within 10 days of receiving your completed application.
Sacramento is located in California. Sacramento, California has a population of 466,488. Sacramento is less family-centric than the surrounding county with 29.22% of the households containing married families with children. The county average for households married with children is 31.94%.
The median household income in Sacramento, California is $46,467. The median household income for the surrounding county is $54,264 compared to the national median of $50,935. The median age of people living in Sacramento is 33.2 years.
The average high temperature in July is 93 degrees, with an average low temperature in January of 37.9 degrees. The average rainfall is approximately 17.2 inches per year, with 0 inches of snow per year. No weather information available.