Orange County Hard Money Lenders & Loans2018-08-06T16:47:51+00:00
Orange County Hard Money Lenders & Loans

Orange County Hard Money Lenders & Loans

  • Fixed Rates from 8.00% (excluding consumer loans)*

  • Lender Fees from 1.5 Points – No Additional Fees

  • Same Day Pre-Approvals Available – Receive Funding within Days

  • Financing up to 75% Loan to Value

  • 37 Years of Experience – $800 Million Funded

  • 5-Star Google Review Rating – BBB A+ Rating

* For Consumer Loan Rates Call 760-722-2991
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Orange County Hard Money Lenders

North Coast Financial are Orange County hard money lenders (private money lenders) providing hard money loans to real estate investors and property owners throughout California. North Coast Financial’s broker has over 37 years of hard money lending experience and has funded over $800 million in California hard money loans since 1981. Contact North Coast Financial now to inquire about an Orange County hard money loan.

Orange County Hard Money Loans

North Coast Financial offers many different types of Orange County hard money loans (private money loans) including fix and flip / rehab loans, bridge loans, investment property loans, reverse mortgage refinance loans, land loans, cash out refinance loans, construction loans, estate and trust loans, purchase loans, owner occupied hard money loans, distressed property loans and other Orange County hard money loans secured by real estate.

We are able to provide hard money mortgages throughout Orange County including popular cities such as Laguna Beach, Anaheim, Santa Ana, and Irvine.

Hard Money Loans for Various Property Types

North Coast Financial are Orange County hard money lenders (private money lenders) able to lend on residential and commercial property. Various types of property can be borrowed against including single family residence, multi-family residence, industrial, land and commercial.

We are one of the few private money lenders in California able to provide hard money loans for both investment property as well as owner occupied property (business and consumer purpose). Whether the loan request is for rehab financing on a fix and flip project or a bridge loan for a primary residence, North Coast Financial has the experience and expertise to fund a wide variety of Orange County private money loans.

Bridge Loans in Orange County

Orange County bridge loans are available from North Coast Financial, real estate bridge loan lenders with more than three decades of bridge loan experience. Bridge loans are short term loans provided to a borrower until long term financing is secured. Contact North Coast Financial about a bridge loan in Orange County or view our Bridge Loan page for more information.

Orange County

Orange County, California is a Southern California tourist destination with 40 miles of beautiful coastline, Disneyland and Knott’s Berry Farm. With over 3 million residents, Orange county is the 6th largest county in the United States based on population.

Orange County, California

Orange County Cities

Hard money mortgages are available in the following Orange County cities: Aliso Viejo, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, La Habra, La Palma, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, Lake Forest, Los Alamitos, Mission Viejo, Newport Beach, Orange, Placentia, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin, Villa Park, Westminster, and Yorba Linda

Recent Hard Money Loans in Orange County

  • Fullerton Hard Money Refinance Loan

Recent Deal – Fullerton Hard Money Refinance Loan

Fullerton Hard Money Refinance Loan North Coast Financial provided funding for a $150,000 hard money refinance loan in Fullerton, California (Orange County). The loan amount was secured by a single family residence. More information about hard money loans [...]

  • Anaheim Hard Money Refinance Loan

Recent Deal – Anaheim Hard Money Refinance Loan

Anaheim Hard Money Refinance Loan North Coast Financial provided funding for a $274,000 hard money refinance loan in Anaheim, California. The loan amount was secured by a single family residence owned by an estate. More information about hard [...]

  • Laguna Beach Cash Out Refi Loan

Recent Deal – Laguna Beach Cash Out Refi Loan

Laguna Beach Cash Out Refi Loan North Coast Financial provided financing for a hard money cash out refi loan in Laguna Beach, California. The loan amount of $130,000 was secured by a single family residence. More information about hard money [...]

Obtaining a Hard Money Loan in Orange County from North Coast Financial

Applying for an Orange County hard money loan from North Coast Financial is quick and easy. Borrowers must first complete the provided hard money loan application forms. North Coast Financial reviews applications the same day they are received and informs the borrower if their hard money loan request has been approved. Preapproval letters can also be provided to the borrower the same day the application is received.

After the hard money loan request has been approved, North Coast Financial can fund loans on investment property in as few as 3-5 days. Owner occupied loans often take 2-2.5 weeks as all lenders must comply with the current federal regulations.

Orange County hard money lenders are typically asset-based lenders. This means that the lender is primarily focused on the value of the property and the borrower’s equity (or down payment) in the property. Banks are primarily focused on income and credit. Hard money lenders in Orange County are able to overlook issues on a borrower’s record such short sales, bankruptcies, foreclosures, loan modification as long as the borrower has a down payment or significant equity within their real estate.

North Coast Financial gets to work quickly once the hard money mortgage has been approved, working closely with the borrower and all other parties until the loan is funded and escrow is closed. North Coast Financial prepares all the necessary disclosures and loan documents and provides answers at any borrower questions along the way. North Coast Financial will have the wire sent once escrow is ready to receive funds to close the deal.

What is a Hard Money Loan?

Hard money loans are very similar to conventional home mortgages. Borrowers are provided with loans against real estate. The main difference is that Orange County hard money loans (mortgages) are provided by private investors as opposed to large institutional lenders such as credit union and banks.

Hard money lenders do not focus on income history or credit scores, unlike institutional lenders. Orange County hard money lenders focus on real estate’s value and borrower’s the equity in the real estate. The focus on value and equity allows for quick and flexible funding that banks can’t provide.

Orange County hard money lenders generally require a down payment of at least 25-30%. This is more than what banks and credit unions require. While the down payment for hard money mortgages is higher, hard money lenders have far fewer requirements for loan approval. Hard money lenders in Orange County can also look past bad credit and other issues on a borrower’s record including foreclosures, loan modifications, bankruptcies, and short sales.

Hard money lending is for short-term use only. Borrowers must have an exit strategy in mind when applying for the loan. In Orange County, hard money loans of up to 2-3 years are typically available. The most common exit strategies include selling the property and refinancing into a conventional loan.

Interest rates from hard money lending companies are higher than conventional lenders. Orange County hard money mortgage interest rates can range from 8-10%. The exact interest rate will depend on multiple variables including the strength of the borrower, the loan to value requested and the property being used as collateral. Hard money rates are higher than bank loans, but the speed of funding and flexible lending criteria is often worth the extra cost to borrowers.

The biggest beneficiaries and most common users of hard money loans in Orange County are typically real estate investors who need fast financing to secure a real estate opportunity. Because hard money loans are only available for short terms, the higher interest rate isn’t a significant expense for the real estate investor.

Orange, California Real Estate Trends

July – September 2016

The median sales price for homes in Orange for July – September 2016 was $617,500, a 4.7% increase year over year. Over the past 5 years, home sales prices in Orange have increased 45.3%. The average price per square foot in Orange, California was $366, which is a 7.3% increase year over year ($341).

For July – September 2016, the median sales price for a one bedroom home in Orange was $292,000, a year over year increase of 6.2%. The median sales price for a two bedroom home in Orange was $414,500, a year over year increase of 5.1%. The median sales price for a three bedroom home was $615,000, a 7.6% year over year increase. The median sales price of a four bedroom home in Orange was $675,000, a year over year increase of 3.1%.
Source: Trulia.com

April – June 2016

The median sales price for homes in Orange for April – June 2016 was $615,000, an increase of 6.8% year over year. Over the past 5 years, home sales prices in Orange have increased 51.9%. The average price per square foot in Orange, California was $355, which is a 3.5% increase year over year ($343).

For April – June 2016, the median sales price for a one bedroom home was $260,000, a year over year decrease of 5.5%. The median sales price for a two bedroom home was $407,000, a year over year increase of 3.7.%. The median sales price for a three bedroom home was $580,000, a year over year increase of 5.5%. The median sales price of a four bedroom home was $677,500, a year over year increase of 1.1%.
Source: Trulia.com

July – October 2015

The median sales price for homes in Orange for July – October 2015 was $595,000, an increase of 1% compared to the previous quarter and an 6.4% increase year over year. Over the past 5 years, home sales prices in Orange County have increased 34.4%. The average listing price for residential properties in Orange was $728,000. The average price per square foot in Orange, California was $348, which is a 7.7% increase year over year. 92869, 92867, 92865, 92866, 92868, and 92856 are among the most popular zip codes in the area.

For July – October 2015, the median sales price for a one bedroom home was $275,000, a year over year increase of 19.8%. The median sales price for a two bedroom home was $403,000, a year over year increase of 11.6.%. The median sales price for a three bedroom home was $570,000, a year over year increase of 8.3%. The median sales price of a four bedroom home was $660,000, a year over year increase of 4.4%.
Source: Trulia.com

April – July 2015

The median sales price for residential properties in Orange for April – July 2015 was $586,000, an increase of 9.3% compared to the previous year. Over the past 5 years, sales prices of residential properties have increased 30.2%. The average listing price for homes in Orange was $753,000. The average price per square foot in Orange, California was $363, which is an increase of 8.7% when compared to the previous year. Some of the most popular zip codes in Orange include 92869, 92867, 92865, 92866, 92868, and 92856.

For April – July 2015, the median sales price for a one bedroom home was $254,000, a year over year increase of 9.7%. The median sales price for a two bedroom home was $345,000, a year over year decrease of 31.%. The median sales price for a three bedroom home was $572,000, a year over year increase of 6.9%. The median sales price of a four bedroom home was $635,000, a year over year increase of 10.4%.
Source: Trulia.com

Orange County, California
Orange County, California