3151 Airway Ave Suite Q3 ,

Newport Beach CA 92626

Jcap Private Lending | © 2020 Jcap Private Lending

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CALBRE: 01081469
NMLS: 7757

Tel: (949) 236-6600

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Why You Shouldn't Use a Bank to Get a Hard Money Loan

Why you shouldn’t use a bank to get a hard money loan


Has your loan request been denied by a bank in the past? If so, you probably understand how frustrating it can be to work with traditional banks in California. First-time borrowers do not realize how difficult these issues can be until after they’ve wasted time and money. Here are some reasons why you shouldn’t use a traditional bank for hard money loans and merchant cash advance.


Waste of time


Traditional banks force you to fill out mountains of paperwork and can put off the process for weeks. JCAP Private Lending forgoes this process and can close a hard money loan in as little as one week. Whether you need a bridge loan or a business purpose loan, we understand that in Orange County, time is money. Don’t waste your time at a bank when you can get hard money quickly at JCAP.


Credit score requirements


Your California bank views you as just another number. Therefore, if you have a low credit score, your bank will not see the value you offer and will end up denying your loan. At JCAP, we accept loan requests from borrowers even if they have bad credit. A few bad marks on your FICO score should not prevent you from a foreclosure loan, a rehab loan or other types of Real Estate Loans.


Higher rates


There is a common misconception associated with private lenders.  Many people think that private lender interest rates are too high.  Although Hard Money Loans have higher rates than banks, the loans usually only require Interest Only payments,  making your payment closer to what you were expecting.  


So, don’t waste your time and hard-earned money by requesting a bank loan. If you’re in the Orange County, Los Angeles, or San Diego area, call JCAP and we will offer you a hard money loan you can’t refuse.



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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