The Benefits of Using Hard Money for Your Construction Loans
When it comes to construction in California, time is money. Builders and property investors do not have the time to wait around for banks to decide whether or not they will approve a construction loan. For this reason, hard money lenders are the best option for construction loans in California.
When you begin a construction project, you never know what’s going to happen. A terrible storm could show up out of nowhere, and push back the finish date. (Choose Austin roofing replacement by Transition Roofing for any exterior home damages). An unexpected expense could leave you with less money than you thought was needed. There are plenty of reasons why a construction project in California may need more resources than expected.
However, when these unexpected problems do arise, traditional banks in California do not feel the same urgency you do to complete construction. Instead, they will put you through a lengthy process of paperwork and long waiting periods.
Jcap Private Lending is the best hard money lender in Orange County. Our team of private lenders understand that you need a construction loan quickly and efficiently. Whether you’re in Los Angeles, Orange County, or San Diego, we offer same-day approval on construction loans with 3-36 month terms.
Unlike traditional banks in California, the hard money lenders at Jcap Private Lending also take into account the future value of a construction project. A traditional bank loan only looks at the current value of the house, but Jcap understands that your property in Orange County, Los Angeles, or San Diego could be worth a lot more after the renovations are completed. Our decades-long experience in California real estate has our finger on the pulse of where the market is heading.
If you are in need of a construction loan in Southern California, contact Jcap Private Lending today for same-day approval. Our hard money lenders will help you build your construction project from the ground up in no time.