Construction Loans in California
Whether you are looking to replace some flooring or buy new land and start from scratch Hanson Capital is here to help with construction costs. Renovating homes is very important to real estate investors, raising property value helps everyone involved. We want to help you make California real estate better!
California has an extensive real estate market and its time you get your piece of the pie. Get a loan with us to help renovate or build on California soil. Now is the time to buy and build or buy old and renovate into a whole new space. We want to help with that goal. California real estate is extremely profitable.
We offer quick closes which can be crucial to the process. Many times people are on a strict timeline in order to have a profitable build. We do not require a credit check or even question your credit. We care about the property and the potential value of the property.
What We Lend On in California
We will lend on construction/rehab for:
- Single Family
- New Builds
Generally construction loans are done in “draws”, this just means that money will be released as work is done and value is added to the property. Being a collateral based lender we care that the asset is getting value added to it. For example would release more money after the foundation is laid, then framing, then electrical, then insulation, etc. We see value being added to the property and we will continue to release more money in what we call the draw process.
Where We Lend
In California we will look at any project in the state, but we primarily see:
- Orange County
- San Diego
- Los Angeles
- Other Southern California cities
We are always expanding and looking for good opportunities so send them our way and we will see how we can help you!! Always send us your project we would love to help you or connect you with someone that can.
What Are The Benefits of Hard Money Loans in Construction/rehab?
Some benefits of Hard Money Loans include:
- Fast and simple application process
- Turnaround times typically within 24 hours of loan application.
- Quick and reliable funding in as little as 3- 7 days, in some cases even faster!
- No minimum FICO or income restrictions
- Fixed interest only rates starting at 7.99%
- Loan Terms from 6 – 24 months with extensions available
- No prepayment penalties
- Industry veterans quickly underwriting and analyzing your deal
Hanson Capital enjoys a reputation for doing what we say we’ll do. Our team of industry professionals is committed to helping you with the hard money loan process, from application to funding and beyond.
At Hanson Capital, we understand that getting a loan can be a daunting task and we strive to make it as easy as possible, from the initial screening to approval. Call us at 480.685.4923 for construction loans in California and build your real estate investment dreams today.