JCAP PRIVATE LENDING

As the number one Private Lender in Southern California, JCAP understands that the difference between a hard money loan and a private money loan can be confusing. If you’re new to financing, we’ve decided to dive deep into the meaning of hard money loans so that you can decide the best route for your investment.

What is a hard money loan?

Hard money loans, typically funded by private investors, are monies given to borrowers based on the property they own. These loans are usually short-term (12 months) and paid back on a monthly basis with a large payment (balloon payment) at the end of the term. Unlike a typical bank loan, the borrower is not required to own a business for two years, or have $250,000 in revenue, prior to applying.

Do I need a hard money loan?

At JCAP Private Lending, we lend money to California clients when they need a loan quickly or their bank has refused a mortgage. We also give hard money loans to people who are in the house flipping business or want to buy a luxury home in Southern California. Often times, our customers are in need of a hard money loan in the middle of a construction project or when they inherit a property.

A low FICO score can be another reason why you are looking for a hard money loan. The financial team at JCAP is understanding when it comes to bad credit, which is why we work with a variety of clients in Coastal Southern California regardless of credit score.

What are the interest rates for hard money loans?

Hard money loan interest rates depend on your lender and the state you live in. Since JCAP is based out of Orange County, California, you can expect lower interest rates than you would find in other areas around the country.  Typically rates decrease as you head from the East Coast to the West.

If you’re looking for a trustworthy private lender in Newport Beach that can give you a quick hard money loan, contact JCAP today. Whether you’re buying a luxury home or you’ve been rejected by a bank, we can help you get a loan quickly so that you can move forward with your project.

 

For additional information, please visit www.jcap.net.

About Jcap Private Lending

JCAP Private Lending is a Direct Lender who closes and services Investor Funded Short-Term Real Estate Loans.  Our experienced team has been providing quality mortgage services for over 30 years. JCAP Private Lending is an Asset Based Lender who steps in to quickly solve a short-term financial need secured by Real Estate. JCAP has an innovative approach to lending, focusing on speed, simplicity, and safety for borrowers and investors. JCAP’s operating philosophy is defined by the simple but impactful statement — “We Care & We Serve”.

Located in Newport Beach, CA, JCAP Private Lending primarily lends Hard Money & Private Loans secured by 1st & 2nd TD’s on residential property in Coastal California. For further information, please visit www.jcap.net.

For inquiries, please contact

Robert Signature 032

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