Sacramento Hard Money Lenders

Private Money Lenders in Sacramento

Sacramento is California’s state capital and one of the state’s most active real estate investment markets, offering a combination of more affordable prices than the Bay Area, strong employment anchored by state government and healthcare, and housing options diverse enough to support a wide range of investment strategies. We have been funding hard money loans in Sacramento and the surrounding counties for over 45 years, with more than a billion dollars in California loans funded.

We offer various types of hard money loans (private money loans) in Sacramento including investment property loans, fix and flip loans, probate & estate loans, trust loans, cash out refinance loans, bridge loans, distressed property loans, rental property loans, purchase loans, hard money loans for a primary residence, reverse mortgage refinance loans for heirs and other hard money loans for real estate. As a direct California hard money lender, North Coast Financial funds loans in Sacramento and throughout the state, with no junk fees.

The most common hard money loan types we fund in Sacramento include fix and flip loans for investors targeting the city’s substantial inventory of older single-family homes in neighborhoods like Oak Park, Curtis Park, Land Park, and the River District, consumer bridge loans for buyers who need to close quickly in a competitive market, cash-out refinances for property owners who have built up equity as Sacramento values have risen, and purchase loans for properties that need work before qualifying for conventional financing. We also fund SFR construction loans, hard money seconds, and loans on probate and trust properties throughout the Sacramento metro area.

Sacramento Bridge Loan Lenders

Bridge loan lenders allow a property owner to borrow against the equity within their home in order to purchase their new residence prior to selling their existing property. A residential bridge loan in Sacramento can provide quick liquidity and is not subject to the same debt to income ratio requirements. Bridge loans allow retired homeowners to obtain a short-term loan even when they don’t currently have sufficient income to qualify for a traditional loan.

We have the flexibility to provide a bridge loan against the borrower’s current property and also provide an additional bridge loan to help with the purchase of the new property. Contact North Coast Financial for a free consultation or visit our Bridge Loans page for additional information.

Trust, Probate and Estate Loans

Trust, probate and estate loans allow beneficiaries to borrow against inherited real estate. Borrowing against the trust or estate is typically done in order to help equalize a distribution between beneficiaries or to borrow funds to cover expenses of the estate. In many trust loan situations (and estate) the beneficiaries need to obtain a 3rd party loan so they can file for Prop 19 (or Prop 58 if the parent died on or before February 15, 2021) and prevent a property tax reassessment for a parent to child transfer.

The trust loan is made directly to the trust as the trust is current owner and borrower. The trust loan proceeds go directly to the trust’s bank account and can then be distributed to the other beneficiaries. The title of the property can then be transferred from the trust to the beneficiary who is keeping the property. Contact North Coast Financial for a free consultation or visit our Trust Loans or Probate and Estate Loans page for additional information.

Sacramento Residential Hard Money Loans – Commercial Hard Money Loans

We are primarily residential hard money lenders, funding loans on single family and multi-family homes in Sacramento, and we also finance commercial hard money loans (commercial, industrial, office buildings, healthcare, hotels, retail and special purpose).

Cash Out & Refinance Loans

We provide cash out and hard money refinance loans in Sacramento and throughout the state of California. Hard money refinance loans can be used to secure a lower interest rate or to secure a longer loan term. These loans are generally used when the borrower wants to take out equity from their existing real estate and invest it in elsewhere.

To apply for a refinance loan contact North Coast Financial now or visit our Cash Out & Refinance Loan page for more information.

Property Types We Fund in the Sacramento Area

The properties we lend on here are mostly residential: single family homes and condos, duplexes and fourplexes, and small apartment buildings. We also lend on commercial buildings, on properties held in a trust or a probate estate, and on properties that need work before a bank will consider them. Rural homes and acreage in the Delta and the foothills are considered case by case.

Real estate investors are the largest group of borrowers here, and every loan is underwritten on the property and the equity first. Credit matters less than equity: a low credit score, a past foreclosure or a recent bankruptcy does not rule out a loan when the equity is there. That makes private money lending a practical solution for self-employed borrowers, borrowers buying through an LLC or a trust, and buyers whose bank financing fell through late in escrow. Our lending covers the whole state, so investors who also hold properties in Southern California work with the same team; see our Los Angeles hard money lenders page.

How a Sacramento Hard Money Loan Closes: Timeline and Recording

The process is short. Call 760-722-2991 or send the loan request form, and in most cases you have a quote the same day with the rate, points and closing costs spelled out. We review the application the day it arrives and issue an approval or a preapproval letter. Escrow opens and a preliminary title report is ordered. We do not order an appraisal, so nothing waits on an appraiser’s schedule.

Closing on an investment property takes about 7 days once the file is complete. An owner occupied loan takes 2 to 2.5 weeks because federal rules set that timeline for every lender. Once escrow is ready we wire the funds and the title company records the deed of trust with the Sacramento County Clerk/Recorder. The county accepts electronic recording, so the loan usually records the same day the wire lands. Properties in Placer, El Dorado, Yolo and San Joaquin counties record with those county recorders on the same timeline. No documentary transfer tax is due on a loan; that tax applies to a sale, not to a deed of trust.

Loan terms typically run 1 to 2 years, and the loan is paid off when the property sells or refinances into traditional financing. A traditional bank loan on the same property takes 30 to 45 days to close, and for a flip or an estate sale that difference is often the whole deal.

Sacramento, California

Sacramento is the capital of the state of California and located in the northern section of the Central Valley. The city of Sacramento is the 6th largest city in California with an estimated population of 486,000. Sacramento was named after the Sacramento River and became an incorporated city in 1850.

Sacramento’s neighborhoods offer a range of investment profiles. The grid neighborhoods closest to downtown, including Midtown, Curtis Park, and Tahoe Park, have seen significant gentrification and value appreciation, making them prime renovation territory. The outer neighborhoods and suburban cities like Elk Grove, Rancho Cordova, and Citrus Heights offer more volume and lower entry points for investors who focus on the rental market. The Sacramento Delta to the west and the Sierra foothills to the east round out a metropolitan area with genuine geographic diversity.

Contact North Coast Financial now and for a free consultation with a hard money loan expert regarding your loan request.

Sacramento, California