We’re reducing our lender fees by $500 for all loans originated before June 1, 2012. Call us today with your loan scenarios.
Great Loans for Multi-family Properties
SDC Capital Funding offers incredible pricing on loans for multi-family properties in Southern California. Rates start at just 8.99%. If you need to find alternative financing for your apartment building, call us today.
West Los Angeles and San Fernando Valley Hard Money Loan Special – Rates Start at 7.99%!
We have dropped our rates to as low as 7.99% for non-owner occupied properties in West Los Angeles or the San Fernando Valley with loan to values under 50%. Click here for our special rate sheet and call or email us today for more information.
Recent Land Loan Closing in Los Angeles
SDC Capital Funding recently funded a hard money land loan on Southern California property with a blended rate of approximately 12%. The borrower needed to extract some of his equity from the property in order to complete the purchase of another investment property. Because of the development expertise of its sister company, Silverberg Development Corp., SDC Capital Funding is uniquely qualified to rapidly underwrite and fund private loans (hard money loans) with land as their sole collateral.
Lower Rates for Hard Money Loans
Interest rates for hard money loans (private loans) are trending downward. Whereas these loans have typically been at twelve percent (12.0%) per annum or higher, rates are being depressed by the competition in the market for yields which are higher than available on traditional investment vehicles, many of which are paying next to nothing. Depending on the loan-to-value ratio, condition of the property, and purpose of the loan, it isn’t uncommon to find loans funding at 9.99-10.99%.
2011 Loan Closings
SDC Capital Funding closed over $5,000,000 in private loans (also known as hard money loans) in 2011. Most of the loans were made in California, but some loans were also closed in Arizona. The bulk of the loans were secured by first trust deeds on investment properties in Southern California or by land in Los Angeles County. In addition, some loans were secured using Promissory Notes as collateral.
Actively Lending in San Diego
SDC Capital Funding closed three private loans in San Diego County in November/December 2011. Two of the hard money loans were on single family homes in the Oceanside area and were funded based on ARV (After Repair Value) and included funds to rehab the properties. The third loan was secured by a condominium in the University of San Diego area. The condo was rented and the owner needed funds for another business venture.
“Rehab and Flip” Loan Program
We specialize in providing rehab loans to investors and will provide up to 60% of After-Repair Value. Check out our “Rehab and Flip” loan program on page 2 of our 1-4 family residential rate sheet
Count on Our Experience
Our company has been practicing real estate for over 30 years and has a wealth of experience not just as a lender, but in development, property management, and acquisitions. We work hand-in-hand with our borrowers to ensure as successful a transaction as possible for both borrower and lender.