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Why JCAP Offers Owner Occupied Loans in California

Owner occupied loans are few and far between in today’s economy. Every time our private lenders are at a conference, other hard money lenders are shocked to hear that we take on owner occupied loans in California. Owner occupied loans have become a great niche for us and definitely set us apart from the other private lenders in Orange County.

Many hard money lenders in California are hesitant to offer owner occupied loans because of the regulations or they believe the common misconception that this type of loan is illegal. Although there are limitations to owner occupied loans, they are still greatly needed.

With all this being said, the private lenders at JCAP do remain picky when it comes to the type of hard money loans that come into the office. Each of these hard money loan applications must demonstrate an exit strategy and the borrower must prove their ability to repay the loan.

Overall, owner occupied loans are a great investment in California because they have a great loan-to-value and are obtained by borrowers who are committed to their property. They are also beneficial for the borrower who for various reasons are unable to obtain a bank loan.

So, if you are a mortgage lender faced with an owner occupied loan in Orange County, San Diego, or Los Angeles that doesn’t fit your portfolio, send it our way — we may be able to get the deal closed. If you are a borrower looking to obtain an owner occupied loan yourself, fill out our Quick Quote form and one of our hard money lenders will reach out to you as soon as possible.  

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