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Is it "Hard" to Qualify for a Hard Money Loan?

So you have been turned down by your bank, and you’ve been told that you can still buy that Southern California piece of real estate by getting a hard money loan.  How do you know if you qualify?

At JCAP Private Lending, our guidelines are simple. The goal of our company is to solve your short-term real estate loan problem, so that you can continue your plan of success.  It’s been said that hard money lenders in Orange County charge a lot and ultimately want to take your property.  At JCAP Private Lending, that could not be farther from the truth.  We really serve as a short-term bridge loan — a transaction cost to achieve your ultimate Real Estate goals.

JCAP Private Lending approves loans that banks often say “no” to, simply because of common sense underwriting. We call them the 3 E’s: Equity, Earnings, and Exit.

JCAP Private Lending 3 E’s to Loan Approval:

Equity: The JCAP Hard Money Program requires 65% loan-to-value on 1 or more properties. We will allow less equity on an exception basis. Generally, you can get a 1st or 2nd trust deed with JCAP Private Lending if your total loan-to-value on 1 or multiple properties is under 65%.

Earnings: Can you afford the payment?  The JCAP Private Lending Team wants you to be successful. Therefore, your ability to make the required payment is very important.  However, in the case of a short-term bridge loan, your payments may be able to be built into to loan if needed.

Exit:  JCAP Private Lending is a short-term bridge loan lender.  We can usually get you the real estate loan that you need, but you need to have a strategy to pay us off.  Usually we are paid off from the sale of the property or through a traditional bank loan.

Equity, Earnings, Exit. That’s all it takes for a quick real estate loan closing with JCAP Private Lending. At JCAP Private Lending, we are usually ready to close in 5 days or less.

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.

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