EXPERIENCED HARD MONEY LENDERS IN SAN DIEGO
North Coast Financial Inc. is a hard money lender (private money lender) with over 30 years of experience. We provide Southern California real estate investors with hard money loans (private money loans) for various real estate projects and transactions including single family residential, multi-family residential, commercial and land. North Coast Financial and its affiliates have funded over $750,000,000 in hard money loans since 1981. North Coast Financial has many repeat borrowers who continue to come back for hard money loans. Our repeat, satisfied customers are proof that we are a good, fair and honest hard money source for those in need of real estate financing.
QUICK APPROVAL – FAST FUNDING – COMPETITIVE RATES
At North Coast Financial, we work closely with our borrowers to understand their specific needs and deliver exceptional customer service. Loan approvals are completed very quickly and can be approved same day in some cases. If timing is a critical issue to the borrower, it is possible to fund the loan within 3 days. Our rates are some of the most competitive in the industry and we don’t charge hidden junk fees. Call us for a free consultation.
FLEXIBLE FUNDING FOR YOUR REAL ESTATE TRANSACTIONS
As a direct lender and private money broker, North Coast Financial has multiple sources of capital to fund your hard money loan. Private money sources allow for more flexible and faster funding options than traditional means of capital such as banks and other institutional lenders. We provide private money loans for investors purchasing short sales, fix and flip loans, trustee sale refinances, REOs, real estate auctions, private party transactions, residential construction projects, rehab loans and other investment properties. North Coast Financial can also provide financing on owner occupied single family residences.
HARD MONEY IS A BETTER OPTION THAN FRIENDS AND FAMILY
When a real estate buyer needs funds for a purchase, the first thought might be to borrow money from family and friends. Adding a business relationship to an existing family or friend relationship can cause friction and hard feelings for many years to come if the results of the real estate venture are not as expected. It should be pointed out that family and friends are not exempt from the increasingly regulated lending industry. Using an experienced and qualified hard money lender for a loan will exempt that loan from usury laws and it is much safer than trying to guess what documents and disclosures are required by state and federal laws. Even if someone wants to use a family member or friend as a lender, the services of a licensed mortgage broker should be utilized to avoid numerous legal problems. Why Use Hard Money Lenders?
HARD MONEY IS LESS EXPENSIVE THAN A PARTNER
When considering the alternatives for funding a real estate purchase, buyers may consider turning to a financial partner. While a partnership may work out well for the buyer, there are many pitfalls that can creep into any partnership, not to mention that the buyer may be giving up some decision making control. In addition, it is not uncommon for a financial partner to require payment of 50% of the profits when the property is sold. A better course of action usually would be to get financing from an experienced hard money lender and to retain 100% of the profits from the sale of the property.
HARD MONEY LOANS – SERVING ALL OF SOUTHERN CALIFORNIA
We lend hard money to borrowers in Southern California including San Diego, La Jolla, Del Mar, Carmel Valley, Solana Beach, Encinitas, Pacific Beach, Mission Beach, Ocean Beach, Point Loma, Mission Valley, Chula Vista, National City, Imperial Beach, El Cajon, La Mesa, Lakeside, San Carlos, Lemon Grove, Santee, Alpine, Oceanside, Carlsbad, Vista, San Marcos, Escondido, Rancho Bernardo, Rancho Penasquitos, Miramar, Mira Mesa, Clairemont, University City, Kearny Mesa, Sorrento Valley, City Heights and Hillcrest. North Coast Financial hard money lenders also provides loans secured by properties in the counties of Riverside, Orange, Los Angeles, Ventura and San Bernardino as well as other counties in the State of California.
Contact Don Hensel
North Coast Financial, Inc.
2424 Vista Way, Suite 202
Oceanside, CA 92054
Real Estate Broker, California Bureau of Real Estate License No. 01870870 NMLS ID 323044