San Diego Hard Money Lenders – Hard Money Loans2018-11-16T16:44:00+00:00
Hard Money Lenders San Diego - Hard Money Loans

Hard Money Lenders San Diego

  • 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

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As Featured

Experienced, Direct Hard Money Lenders Based in San Diego, California

North Coast Financial is one of the top hard money lenders in San Diego, California (private money lenders) with over 37 years of experience providing hard money loans to real estate investors and property owners. North Coast Financial’s broker/owner has funded over $800 million in California and San Diego hard money loans since 1981. Contact North Coast Financial now and partner with one of the most experienced direct hard money lenders in San Diego.

San Diego Hard Money Loans

North Coast Financial offers various types of direct hard money loans in San Diego including bridge loans, fix and flip / rehab loans, investment property loans, probate, estate and trust loans, cash out refinance loans, purchase loans, reverse mortgage refinance loans, construction loans, distressed property loans and hard money loans for owner occupied property.

Residential Hard Money Loans – Commercial Hard Money Loans

North Coast Financial is a San Diego hard money lender (private money lenders) able to provide funding for residential hard money loans (single family residences, multi-family residences) as well as commercial hard money loans (industrial, commercial, land).

Bridge Loans

North Coast Financial is an experienced California bridge loan lender providing bridge loans in San Diego County and throughout the state of California. Bridge loans are short-term loans against the existing equity within a borrower’s property which is used to purchase a new property. Once the borrower has purchased new property, the previous property is sold to pay off the bridge loan.

Bridge loans are available to homeowners needing to borrow against their primary residence so they can purchase a new home. Real estate investors are also able to use bridge loans to borrower against their existing property and then purchase new real estate.

Contact North Coast Financial now to inquire about a San Diego bridge loan or visit our Bridge Loan page for additional information.

Fix and Flip / Hard Money Rehab Loans

Fix and flip loans are an important financing tool used by real estate investors who want to purchase a property, make upgrades and repairs and then sell the property as soon as possible for a profit. Also known as rehab loans, fix and flip loans provide the real estate investor with fast and easy financing, which allows investor to take advantage of a short-term opportunity without using all of their available funds in a cash deal.

Please see our Fix and Flip / Hard Money Rehab Loan page or contact North Coast Financial for more information.

Probate Loans, Estate Loans & Trust Loans

Probate, Estate and Trust loans are available to beneficiaries and heirs who need short-term financing for real estate assets currently within a trust or estate. The loan proceeds are frequently used to settle debt obligations of the estate/trust or to pay other heirs when dividing ownership. The estate or trust must contain California real estate for North Coast Financial to provide a loan. Please see our Probate, Estate and Trust Loans page for additional information.

Cash Out & Refinance Loans

Cash out and refinance loans in San Diego and throughout California are available to property owners with sufficient equity in their property. Cash out refinance loans are typically used to borrow against the equity in a property to invest in another opportunity. Refinance loans are used to secure a lower interest rate or a longer loan term.

To inquire about a San Diego cash out or refinance loan contact North Coast Financial now or visit our Cash Out & Refinance Loan page for more information.

Recent Hard Money Loans in San Diego

  • Carlsbad Purchase Loan

Recent Deal – Carlsbad Purchase Loan

Carlsbad Purchase Loan North Coast Financial provided funding for a hard money purchase loan in Carlsbad, California (San Diego County). The loan amount of $450,000 was secured by a single family residence. Contact Now Recent Hard Money [...]

  • Oceanside Trust Loan

Recent Deal – Oceanside Trust Loan

Oceanside Trust Loan North Coast Financial provided funding for a trust loan in Oceanside, California (San Diego County). The loan amount of $45,000 was secured by a single family residence. The beneficiary needed to borrow funds in order [...]

  • Encinitas Cash Out Refinance Loan

Recent Deal – Encinitas Cash Out Refinance Loan

Encinitas Cash Out Refinance Loan North Coast Financial funded a $600,000 cash out refinance loan in Encinitas, California (San Diego County). The loan amount was secured by a single family residence. The loan to value ratio was approximately [...]

  • La Jolla Probate Loan

Recent Deal – La Jolla Probate Loan

La Jolla Probate Loan North Coast Financial funded a $75,000 probate loan in La Jolla, California (San Diego County). The probate loan was secured by a real estate asset (single family residence) within the estate currently going through [...]

Additional San Diego Hard Money Loans Funded by North Coast Financial 1/3

San Diego California Office Building Hard Money RefinanceSan Diego Office Building Hard Money Refinance Loan
North Coast Financial funded a hard money refinance loan in San Diego, California. The loan amount of $500,000 was secured by an office building.
San Diego California Hard Money Office Condo RefinanceSan Diego Office Condo Refinance Loan
North Coast Financial provided financing for a hard money refinance loan in San Diego, California. The loan amount of $120,000 was secured by an office condominium.
San Diego California Hard Money Fix and Flip LoanSan Diego Fix and Flip Loan
North Coast Financial provided financing for a hard money fix and flip loan in San Diego, California. The loan amount of $335,000 was secured by a single family residence.
Mira Mesa Hard Money Fix and Flip LoanMira Mesa Fix and Flip Loan
Hard money financing was provided by North Coast Financial for a fix and flip loan in Mira Mesa, California (San Diego). The loan amount of $315,000 was secured by a single family residence.
San Diego Hard Money Fix and Flip LoanSan Diego Hard Money Fix and Flip Loan
North Coast Financial funded a fix and flip loan in San Diego, California. The loan amount of $210,000 was secured by a single family residence.
Mission Valley Hard Money Purchase LoanMission Valley Hard Money Purchase Loan
North Coast Financial provided funding for a hard money purchase loan in Mission Valley, a neighborhood of San Diego, California. The loan was secured by a condo and the loan amount was $275,000.
Rancho Bernardo Hard Money Fix and Flip LoanRancho Bernardo Hard Money Fix and Flip Loan
North Coast Financial provided funding for a hard money fix and flip loan in Rancho Bernardo, California. The loan amount was for $175,000 and was secured by a condo unit.
Rancho Bernardo Hard Money Purchase Loan
North Coast Financial provided funding for a purchase loan with hard money in Rancho Bernardo (San Diego), California. The loan amount of $190,000 was secured by a single family residence.
Ramona Hard Money Refinance LoanRamona Hard Money Refinance Loan
North Coast Financial provided funding for a hard money refinance loan in Ramona, California. The loan amount of $170,000 was secured by a single family residence.
Scripps Ranch Hard Money Fix and Flip LoanScripps Ranch Hard Money Fix and Flip Loan
North Coast Financial provided funding for hard money fix and flip loan in Scripps Ranch (San Diego, California). The loan amount of $435,000 was secured by a single family residence.
Jamul Hard Money Purchase LoanJamul Hard Money Purchase Loan
North Coast Financial provided financing for a hard money purchase loan in Jamul, California. The loan amount of $350,000 was secured by a single family home.

Additional San Diego Hard Money Loans Funded by North Coast Financial 2/3

San Diego Fix and Flip with Hard MoneySan Diego Fix and Flip Loan with Hard Money
North Coast Financial funded a hard money fix and flip loan in San Diego, California. The loan amount was $375,000 and was secured by a single family residence.
San Diego Fix and Flip with Hard MoneySan Diego Fix and Flip Loan
North Coast Financial provided financing for a hard money fix and flip loan in San Diego, California. The loan amount of $310,000 was secured by a single family residence.
Pacific Beach Hard Money Cash Out Refinance LoanPacific Beach Hard Money Cash Out Refinance Loan
North Coast Financial provided financing for a hard money cash out refinance loan in Pacific Beach, California (San Diego). The loan amount of $160,000 was secured by a multi family residence.
San Diego Hard Money Rehab LoanSan Diego Hard Money Rehab Loan
Financing was provided by North Coast Financial for a hard money rehab loan in San Diego, California. The loan amount of $190,000 was secured by a single family residence.
San Diego Hard Money Cash Out Refinance Loan
North Coast Financial financed a hard money cash out refinance loan in San Diego, California. The loan amount of $70,000 was secured by a condo unit.
San Diego, California Hard Money Rehab Loan
Financing was provided by North Coast Financial for a hard money rehab loan in San Diego, California. The loan amount of $300,000 was secured by a single family residence.
San Diego Hard Money Refinance LoanSan Diego Hard Money Refinance Loan
North Coast Financial provided funding for a hard money refinance loan in San Diego, California. The loan amount of $265,000 was secured by a single family residence.
San Diego, California Hard Money Purchase Loan
North Coast Financial provided funding for a hard money purchase loan in San Diego, California. A multi-unit residential property was used as collateral to secure the loan amount of $325,000.
San Diego California Hard Money Refinance LoanSan Diego, California Hard Money Refinance Loan
Funding was provided by North Coast Financial for a hard money refinance loan in San Diego, California. A single family residence was used as collateral for the $240,000 loan amount.
San Diego Hard Money Refinance LoanSan Diego Hard Money Refinance Loan
North Coast Financial funded a hard money cash out refinance loan in San Diego, California. The loan amount of $100,000 was secured by a single family residence.
Pacific Beach Cash Out Refinance LoanPacific Beach Cash Out Refinance Loan
North Coast Financial provided funding for a hard money refinance loan in Pacific Beach, California. The loan amount of $250,000 was secured by a condominium unit.

Additional San Diego Hard Money Loans Funded by North Coast Financial 3/3

Hard Money Purchase Loan in San DiegoHard Money Purchase Loan in San Diego
North Coast Financial provided financing for a hard money purchase loan in San Diego, California. The loan amount of $120,000 was secured by a condominium.
Downtown San Diego Hard Money Purchase LoanDowntown San Diego Hard Money Purchase Loan
North Coast Financial provided a hard money purchase loan in Downtown San Diego. The borrower contacted NCF when their previous lender was unable to deliver what they had promised. NCF funded the $300,000 loan within 3 days of being contacted, saving the deal.
Eastlake Hard Money Cash Out Refi LoanEastlake Hard Money Cash Out Refi Loan
North Coast Financial provided funding for a hard money cash out refi loan in Eastlake, California. The loan amount of $170,000 was secured by a condominium unit. The borrower was a repeat client who had previously used North Coast Financial for a hard money loan.
Jamul California Hard Money Refinance LoanJamul California Hard Money Refinance Loan
North Coast Financial provided funding for a hard money refinance loan in Jamul, California. The loan amount of $540,000 was secured by a single family residence. The loan to value ratio was 67%.
Hard Money Refinance Loan in San DiegoHard Money Refinance Loan in San Diego
North Coast Financial provided funding for a hard money refinance loan in San Diego, California. The loan amount of $275,000 was secured by a single family residence. The loan to value ratio for the loan was 34%.
San Diego Cash Out Refinance LoanSan Diego Cash Out Refinance Loan
North Coast Financial provided funding for a hard money refinance loan in San Diego, California. The loan amount of $150,000 was secured by a single family residence.
Downtown San Diego Cash Out Refinance LoanDowntown San Diego Cash Out Refinance Loan
North Coast Financial provided financing for a hard money cash out refinance loan in Downtown San Diego, California. The loan amount of $100,000 was secured by a condominium unit.
San Diego CA Hard Money Refinance LoanSan Diego Hard Money Refinance Loan
North Coast Financial provided funding for a $350,000 hard money refinance loan in San Diego, California. The loan amount was secured by a condominium unit. The loan to value ratio was approximately 54%.

What is a Hard Money Loan?

Hard money loans are similar to conventional home loans. Borrowers obtain loans with real estate as collateral. The main distinction is that San Diego hard money loans are financed by private investors as opposed to large conventional lenders (credit unions and banks).

While conventional lenders are most concerned with factors such as income history and credit scores, San Diego hard money lenders are primarily focused on the value of the property and the borrower’s equity within that property. Focusing on value and equity allows the hard money lender to provide quick and flexible funding that banks aren’t able to offer

San Diego hard money lenders generally require a down payment of 25-30% or more. While this down payment amount is typically above what is required from conventional lenders, the benefit is that hard money lenders have far fewer requirements and documentation needed for loan approval and funding. Hard money lenders are also able to overlook bad credit and other issues on a borrower’s record including short sales, bankruptcies, foreclosures and loan modifications.

Hard money loans are typically only for short-term use. The hard money borrower needs to have an exit strategy or two in mind when they apply. For San Diego, hard money loan terms up to 3-4 years are typically available to borrowers. The most common exit strategies include refinancing into a long-term conventional loan, selling the property or refinancing with another hard money loan.

Hard money lending rates will always be higher than what conventional lenders are able to offer. San Diego hard money loan interest rates generally range from 8-11% for a 1st loan. Hard money 2nd mortgages range from 10-14% interest due to the greater amount of risk assumed by the 2nd lender. Specific hard money rates vary based on multiple variables including the strength of the borrower, the lender, the property and the loan to value (LTV) needed. Even though hard money interest rates are higher than bank loans, the fast funding and flexible lending criteria are often worth the higher cost to the borrower.

Real estate investors who need quick financing to secure a real estate opportunity are the most common users of San Diego hard money loans. Because of the short-term nature of hard money loans, the amount of interest paid isn’t typically a significant cost relative to the return on investment.

Obtaining a San Diego Hard Money Loan from North Coast Financial

The hard money loan application process with North Coast Financial is quick and easy. The hard money borrower must complete and return the loan application. North Coast Financial will then review the application and notify the borrower of whether or not their hard money request has been approved. The loan approval process is frequently completed the same day the application is received.

For investment property, North Coast Financial is able to fund the hard money loan in as few as 3-5 days once the loan request has been approved. Hard money loans on owner occupied property typically take 2-3 weeks due to the current federal regulations that all lenders (including hard money lenders) must comply with

Hard money lenders in San Diego are typically asset-based. This means hard money lenders are primarily focused on the current value of the property as well as the equity the borrower has in the property. Various issues on a borrower’s record including poor credit scores, foreclosures, and loan modifications can be overlooked by hard money lenders as long as the borrower has a significant down payment or sufficient equity within the real estate used as collateral.

Once the San Diego hard money loan is approved, North Coast Financial begins the loan process and works closely with the borrower and 3rd parties (real estate agents, escrow, title) to have the loan funded quickly. North Coast Financial prepares all of necessary loan documents and disclosures for the transaction and is happy to answer any questions the borrower may have.

Once escrow is ready to receive loan funds from the lender, North Coast Financial has the funds wired to escrow in order to close the deal.

San Diego County Hard Money Loans

San Diego County cities and areas

Hard money loans (private money loans) available in the following San Diego County cities, census-designated places and unincorporated communities: Carlsbad, Chula Vista, Coronado, Del Mar, El Cajon, Encinitas, Escondido, Imperial Beach, La Mesa, La Jolla, Lemon Grove, National City, Oceanside, Poway, San Marcos, Santee, Solana Beach, Vista, Alpine, Bonita, Bonsall, Borrego Springs, Bostonia, Boulevard, Campo, Camp Pendleton, Casa de Oro-Mount Helix, Crest, Descanso, Eucalyptus Hills, Fairbanks Ranch, Fallbrook, Granite Hills, Harbison Canyon, Hidden Meadows, Jacumba, Jamul, Julian, Lake San Marcos, Lakeside, La Presa, Mount Laguna, Pine Valley, Potrero, Rainbow, Ramona, Rancho San Diego, Rancho Santa Fe, San Diego Country Estates, Spring Valley, Valley Center, Winter Gardens, 4S Ranch, Ballena, Barrett Junction, Blossom Valley, Canebrake, Cardiff-by-the-Sea, Dehesa, Del Dios, De Luz, Dulzura, Elfin Forest, Fernbrook, Flinn Springs, Four Corners, Guatay, Harmony Grove, Kentwood-In-The-Pines, Leucadia, Lincoln Acres, Live Oak Springs, Oak Grove, Ocotillo Wells, Olivenhain, Pala, Pauma Valley, Pine Hills, Ranchita, Rincon, San Luis Rey, Santaluz, Santa Ysabel, Shelter Valley, Tecate, Tierra del Sol, Warner Springs, Whispering Pines, and Wynola

San Diego, California Real Estate Trends

October 2015 – January 2016

The median sales price for residential properties in San Diego for October 2015 – January 2016 was $481,000, an increase of 2.3% from the previous quarter and an increase of 5.7% year over year. Over the past 5 years, sales prices of homes in San Diego have increased 37.4%. The average listing price for homes was $659,105. The average price per square foot in San Diego is $365, which is a 8.3% increase when compared to the previous year. Some of the most popular areas in San Diego county for this time period include Black Mountain Ranch, North Park, Rancho Bernardo, Carmel Valley, Mira Mesa and Pacific Beach.

For October 2015 – January 2016, the median sales price for a one bedroom home was $275,000, a year over year increase of 12.2%. The median sales price for a two bedroom home was $385,000, a year over year increase of 3.6%. The median sales price for a three bedroom home was $525,000, a year over year increase of 7.9%. The median sales price for a four bedroom home was $643,500, a year over year decrease of 1.0%.

Source: Trulia.com

San Diego County, California

San Diego County, California