Buying a Luxury Home
If you’re buying a luxury home in the Orange County, Los Angeles, or San Diego areas, you may be a little intimidated by the extensive process. Finding and financing a luxury home can be complicated. Here are some tips to make sure the luxury home buying process is stress-free for you and your family:
1. Begin your search
The price of a luxury home can start anywhere from $1 million in a secondary market and up to $15 million+ in places like Los Angeles. Once you have a budget in place, you can search real estate websites like Zillow or find a well-respected realtor in your area. This will give you a better idea of the type of luxury home you would like. If you are searching for a realtor that specializes in California luxury homes, JCAP can provide you with the best names in the area. Our private lending firm is well connected with the best realtors in Southern California.
2. Compare your finds
After you’ve found some luxury homes that meet your criteria, make sure you compare the amenities before making your big decision. Make sure you schedule a thorough inspection and consider the additional costs that will be needed. Does one of these houses need extensive repairs? If so, you may want to discuss a larger loan with the private lenders at JCAP. JCAP can fund a loan that allows you to buy the property and remodel your new home all in one transaction.
3. Discuss financing options
Banks often find it difficult to fund luxury home loans in Southern California, because of the size. At JCAP, we specialize in super jumbo loans to $5,000,000. So, if your bank refuses a loan request for your luxury home, call the private lending professionals at JCAP and we can close your loan quickly and efficiently.
Before you buy a luxury home in Coastal Southern California, give JCAP Private Lending a call and we can close your loan in as little as one week. We will work with you to make sure you are happy in your new home.
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.