San Francisco, CA Hard Money Lenders
San Francisco, CA hard money lenders have been serving this City by the Bay for generations. From the mom and pop shops that have incredible cultural and even historical value to the community to some very corporate styled businesses down Market Street, in the Financial District, San Francisco, CA hard money lenders have contributed, across the board, at almost every level of banking and lending that there is.
San Francisco hard money arrangements vary vastly, from lender to lender. So if you’re interested in finding out more about what exactly hard money lenders in San Francisco do, then you should inquire with an individual in your area that has experience in this niche of finance.
There are a few standard things to hard money, though, if you’re completely unaware, or just getting to know, just getting started with hard money. For one, which you might have already learned, hard money arrangements require capital to be put up as collateral. More specifically, hard money loans really require real estate. Lenders won’t waive this requirement, as this is a critical point for a lender in this area finance. What will vary though, where there is wiggle room is in the details of the property. While some lenders will require 100% equity in the property, other lenders will accept less than 100%. How much less is completely up to the lender. See, these arrangements, for the most, are transacted and signed between two individuals, so called private individual hard money lenders that participate in commercial property loan programs
July 22nd, 2011 at 4:11 am
Hi,my name is Sam,I live in Nairobi Kenya…I have searched for a money lender locally but all of them seem to lean towards someone with money.My proposal is very lucarative…My plan is to purchase land in an uptown area of the city and build exclusive homes.At present there is a lot of demand for these types of homes..and they are usually sold out before they are completed.The completion will usually take 18 months to 24 months at a minimum,depending on the finances.I have identified several acres of land that is available and can be used for this purpose…To begin with I am looking for a serious lender/partner…once we build the homes and sell..we can share the profits at a reasonable ratio.I am hard working,honest and able to bring this project to fruition,if only I could have a serious risk taker to invest here.Can you help me? I require approximately..40M USD for all this to come together.The profit will be at about 150-200%.
September 19th, 2011 at 6:54 pm
Dear Sam…
Just to verify…You’re asking for someone to bring $40,000,000.00 Dollars to the table and you bring what exactly? If any company/individual has $40M to fund 100% of the project and risk why would they want to split it with anyone else? With that kind of funds why not just hired someone to over look the project as in a “Project Manager” and not have to “split the profits at a ‘reasonable’ ratio” (ha ha, it probably means you want 30-50%).
Hard money lenders are exactly that…LENDERS…they are interested in making a profit of the money they LEND, not out of the profits of a project.
You say you’re “hard working and honest” (saying it doesn’t make it so and it certainly doesn’t give the assurance that you are AND CERTAINLY being “hard working and honest” doesn’t make a payment on a loan in case of default of project failing. But let’s be “ideal” and let’s say you are “hard working and honest”, what is the biggest red flag with the way you presented this deal is that you say you are able to bring the project to “fruition”. The fact that you EVEN THINK that saying you’re “honest and hard working” and expect anyone with $40M to take your word on how fast properties sale only shows how inexperienced and IGNORANT you are about dealing with this kind of projects.
What are YOU risking? What do you bring to the table that someone hired for $100K/y can’t bring on the project?
You sir, are a moron.