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Direct Money Lenders
is a private California hard money land and commercial lender.
All property types are considered. We specialize
on land acquisition/development and commercial real estate
purchase/refinance through the use of short & medium term bridge
loans. Many of our clients request commercial
bridge loans or a hard money loans with the desire
to close quickly and take advantage of a business
opportunity.
We
have the ability to lend Nationwide!
We customize each
of our California hard money commercial bridge loans to meet
your specific requirements. If you are looking for
a fast money bridge loan, hard money loan, or
foreclosure bail out loan, you have arrived at the
place to speak with a qualified representative
about your deal.
| Bridge
Loan Amounts: |
| National:
$150,000 and up |
|
| Loan
to value: |
Up
to 65% - Higher if Strong Credit
is Present |
| Security: |
First, second, wrap,
blanket mortgages & mezzanine
financing |
| Term: |
6
- 36 months - Stated Income -
Stated Asset |
| Prepayment
Penalty: |
| • |
No
prepayment penalty at any
time |
| • |
Borrowers have maximum
flexibility |
|
| Interest
Rates: |
9
- 15% |
| Recourse: |
Typically required |
| Closing: |
As
fast as necessary |
| Points: |
Negotiable |
| Appraisal
Report: |
Depends
on property type |
| Environmental
Report: |
Depends
on property type |
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