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Private Money Loans in San Diego County & Throughout California
Private money lenders are non-institutional (non-bank) lenders that loan money to borrowers for the purpose of funding a real estate transaction. Private money loans differ from bank loans in several ways, and they may offer a few benefits that bank loans do not, such as short approval process and more lenient guidelines. However, private money loans may also require a shorter payback period and may come with higher interest rates. Weigh the pros and cons and see if a private money loan makes sense for your scenario.
Ready to learn more about Private Money Loans? Call Steve today at (760) 715-9688.
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Is a Private Money Loan right for you?
- More lenient underwriting guidelines
- Could be a good solution for ‘flips’ and fixer uppers
- Shorter approval process