Newport Beach Hard Money Lenders
North Coast Financial are hard money lenders offering Newport Beach hard money loans (private money loans) to real estate investors and property owners. With over 37 years of hard money lending experience, North Coast Financial’s owner/broker has provided funding of over $800 million in California hard money loans since 1981. Contact North Coast Financial to inquire about a Newport Beach hard money loan.
Hard Money Loans in Newport Beach
North Coast Financial offers a variety of Newport Beach hard money loans (private money loans) including fix and flip / rehab loans, distressed property loans, construction loans, bridge loans, purchase loans, estate and trust loans, investment property loans, cash out refinance loans, owner occupied hard money loans, land loans and other Newport Beach private money loans secured by real estate.
Newport Beach Hard Money Loan Property Types
North Coast Financial are primarily residential hard money lenders for multi-family residences and single family residences but are also able to provide commercial hard money loans for commercial, industrial, office buildings, healthcare, hotels, retail and special purpose property.
Newport Beach Bridge Loans
North Coast Financial provide Newport Beach bridge loans and have over 37 years experience as residential bridge loan lenders. A bridge loan is a short term loan made to a borrower until they are able to secure long term financing. Contact North Coast Financial now to inquire about a bridge loan in Newport Beach or visit our Bridge Loan page for more information.
Cash Out & Refinance Loans in Newport Beach
North Coast Financial are hard money lenders (private money lenders) providing Newport Beach cash out and refinance loans to real estate investors and property owners. Newport Beach Refinance loans can be used to obtain a more favorable interest rate or to secure a longer loan term if the current loan will soon be due. Cash out refinance loans can be used in a situation where the real estate investors wants to tap the equity in their existing property and invest it in another project.
To apply for a Newport Beach cash out refinance loan contact North Coast Financial now or visit our Cash Out & Refinance Loan page.
Newport Beach, California
Incorporated in 1906, the city of Newport Beach currently has a population of approximately 86,000 and is located in Orange County, north of Laguna Beach and Laguna Niguel. An affluent area with a beautiful harbor and bay, Newport Beach is a popular destination for fishing, sailing and other boating activities.
Newport Beach Real Estate Trends
April – June 2016
In Newport Beach, the median sales price for homes for April – June 2016 was $1,500,000. This is a 3.4% increase year over year. Over the past 5 years, sales prices of Newport Beach residential properties have increased 40.7%. The average price per square foot in Newport Beach, California is $779, a 12.7% increase year over year ($691).
For April – June 2016, the median sales price for a one bedroom home was $554,500, a year over year increase of 20%. The median sales price for a two bedroom home was $837,500, a year over year decrease of 4%. The median sales price for a three bedroom home was $1,299,000, a year over year decrease of 7.9%. The median sales price for a four bedroom home was $2,250,000, a year over year increase of 24.4%.
April – July 2015
In Newport Beach, the median sales price for homes for April – July 2015 was $1,502,500. This is an increase of 7.4% when compared to the previous year. Over the past 5 years, sales prices of residential properties have increased 31.8%. The average listing price for homes in Newport Beach was $2,363,230. The average price per square foot in Newport Beach, California is $690.
For April – July 2015, the median sales price for a one bedroom home was $484,000, a year over year decrease of 23.8%. The median sales price for a two bedroom home was $960,000, a year over year decrease of 10.3%. The median sales price for a three bedroom home was $1,450,000, a year over year increase of 4.7%. The median sales price for a four bedroom home was $1,809,000, a year over year increase of 6.1%.