California Commercial Hard Money Lenders: The Benefits of Choosing a Hard Money Loan

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California Commercial Hard Money Lenders The
Benefits of Choosing a Hard Money Loan
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When it comes to commercial loans, borrowers have
several options to choose from, including
traditional bank loans and hard money loans.
However, if you are a borrower in California,
choosing a hard money loan from a California
commercial hard money lender could be the best
option for you. In this blog post, we will
explore the benefits of choosing commercial hard
money lenders in California.
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Speed of Transaction
One of the primary benefits of working with a
California commercial hard money lender is the
speed of the transaction. Traditional bank loans
can take weeks or even months to close, but hard
money loans can close in as little as a few days.
Hard money lenders have a faster and more
streamlined process that allows for quick
financing. This can be especially important for
borrowers who need to move quickly to secure a
property or complete a project.
Ability to Finance Distressed Properties
California commercial hard money lenders are also
more likely to finance distressed properties.
Traditional lenders may be hesitant to finance
properties that are in poor condition or have a
history of financial problems, but hard money
lenders are often more willing to take on these
types of properties. They may even specialize in
distressed property financing. This can be a
great option for borrowers who are looking to
purchase and renovate a distressed property for a
profit.
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Ability to Finance Properties that are Vacant or
Under Occupied
Another benefit of working with a California
commercial hard money lender is the ability to
finance properties that are vacant or under
occupied. Traditional lenders may require a
certain level of occupancy to approve a loan, but
hard money lenders are often more flexible and
may be willing to finance properties that are not
fully occupied. This can be beneficial for
borrowers who are looking to purchase and
renovate a property with the goal of increasing
occupancy and profitability.
Ability to Finance Properties that will not Fit
Bank Guidelines for DSCR
California commercial hard money lenders can also
finance properties that do not fit bank
guidelines for debt service coverage ratio
(DSCR). DSCR is a measure of a propertys ability
to generate enough income to cover its debt
payments. Traditional lenders may have strict
guidelines for DSCR and may only approve loans
for properties that meet these requirements. Hard
money lenders, on the other hand, are often more
flexible and may be willing to approve loans for
properties that do not meet these guidelines.
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In conclusion, choosing a California commercial
hard money lender can offer several benefits to
borrowers. With their speed of transaction,
ability to finance distressed properties, ability
to finance properties that are vacant or under
occupied, and ability to finance properties that
do not meet bank guidelines for DSCR, hard money
lenders can provide the flexibility and agility
that many borrowers need to achieve their
commercial goals. If you are in need of a
commercial loan in California, consider working
with All California Lending, a commercial hard
money lender in California that can provide a
quick and streamlined financing solution.
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Thanks!

• Any questions?

• You can find me at
• cgoulart_at_acalending.com
• www.acalending.com