California Hard Money Lender
HML Investments is full service brokerage firm with BRE & NMLS license
HML Investments is a direct hard money lender in California
HML Investments is a top hard money lender firm in California with over 15 years of hard money lending experience. If you are a real estate investor or property owner we can provide you with asset-based lending for real estate project, we work with both commercial and residential projects. In the real estate market of sunny California, it’s good to have a trusted hard money loan provider by your side.
We can deliver fast turnaround times for real estate investors and homeowners and have been doing so for years with competitive rates and fees. We can also serve individuals with poor credit and qualify you for an appropriate loan. Contact HML Investments today for a consultation to find the right funding tool for your project. With our unique approach to lending, we aim to fill the gap in the hard money lending world by reducing processing times and removing as much as possible the red tape that prevents real estate investors from getting the financing they need for their investment properties.
Professional California Hard Money Lender
HML Investments is a direct hard money lender in California and have funded hundreds of projects in the state since its inception. We provide a wide range of hard money loans including Construction loans, Hard Money ( Commercial and Residential ), Equity Line of Credit, Conventional Loans, Trust Deed Investments and more. Because our loan products are based on equity alone, you can still qualify if you have poor or bad credit or even low income. Fund your next real estate project with a team of experienced lenders in California.
HML Investments is located in Los Angeles and provides hard money loans in California and Nevada. As our headquarters is in the heart of California, we specilize in all areas of the state such as: Los Angeles, San Diego, San Francisco and the bay area. We also serve the state of Nevada.
HML Investments track record speaks for itself as we serve many repeated real estate investors who comeback or hard money loans. Our superior service and knowledge in the hard money loans in California is what sets us apart from the pack. We put the investors interests first, and deliver the best financial product we can every time.
California Hard Money Loans for Real Estate Investors and Home Owners
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More about HML investments. Your ideal partner for hard money lending in California
Fast Direct Hard Money Loans – California investors get flexible funding for real estate projects
Private money loans offer much more flexibility and faster turnaround times than traditional banks, credit onions or other institutional lenders in the space. As a direct hard money lender, HML Investments can help you in various ways with your funding needs. HML Investments is an equity based hard money lender, this means we rely mostly on the property value as collateral for your loan.
HML Investments can file and approve a hard money loan within days, instead of weeks with traditional banks. Federal regulations is the main cause that traditional loans take a minimum of two weeks to process.
Here are some of the funding options we can provide: Short term California direct hard money loans for real estate investors. For those who seek to flip houses, we can provide foreclosure loans, hard money business loans, trust deed loans, residential construction loans, bridge loans and other hard money loans for California projects.
HML Investments can fund residential projects but also commercial projects. The range of the funding we can provide is between $100,000 to $10,000,000. We can also provide trust deed investments for home owners and we are a leading lending provider in the California area. Contact us today to discuss your lending needs and figure out how can we help you with your real estate project and get the best results possible.
California Hard Money Lender for Real Estate and Property Owners
HML Investments provides hard money loans in the state of California, that’s Southern, Central and Northern parts of the state. We have a deep understanding of the California area and can help potential real estate investors with their projects and peace of mind. We provide hard money loans secured by property, if you choose to work with us you can count on one of the best hard money lenders in California to be your funding partner and see your projects to success.
Frequently asked questions about Hard Money Loans
I have bad credit or went through foreclosure, can I still get a hard money loans?
Conventional lenders such as banks will never lend to an investor with a recent foreclosure on his record, in most cases they won’t even lend to poor credit investors, no matter the reason, it’s just how these financial Institute work, and you won’t be able to get funding, at least for a set amount of time. Hard money lenders can fund bad credit investors in many cases as they are much more flexible and consider asset-based hard money loans in California and list the property value and the investor down payment as a major factor in assessing the loan.
What if I own many investments, will that effect my chances of getting a hard money loan?
Hard money direct lenders will not limit your loan amounts and will only look at other factors when assessing a loan request. Most banks will limit the number of loans each investor can get to 4. That’s just an arbitrary number that banks decided to set as it’s possible for an investor to be an excellent candidate for a loan and the only reason for his denial is the fact he already have 4 loans. Remember – Hard money lenders will not restrict the investor by the number of active loans he has.
Is having a financial partner better than hard money loans?
When real estate investors considers alternative funding sources to their projects, one such option is to get a funding partner, and while partnering up to fund a real estate property might be a good idea in some cases, there are many things to consider before doing so. The first and most obvious thing to consider is that with a partner you might give up some decision making control. It is also very common that the partner will ask for a payment of 50% of the profit once you sell your property, which is very expensive if you think about it.
When you consider these reasons, it might be more beneficial to get funding from a hard money direct lender and keep 100% of your profits at the end of the project.
How fast can I get a hard money loan for my project?
It’s not rare that banks of other conventional lenders will give you a green light on a loan just to back out in the last second because something new came up, even if it’s a small detail that won’t have any effect on the loan, but they were just not aware of it before and need to go through the process. This might leave the investor in a very tough situation as they will never have enough time to find a new loan and the deal might be lost.
This is exactly where Hard money lenders like HML Investments come in. Direct lenders can asses and approve hard money loans within days and with no surprises. Short term hard money loans are a great choice for real estate investors for good reasons.
What if I am self-employed and don’t have enough work experience?
That’s a great question, usually, traditional lenders don’t like to deal with self-employed borrowers, mainly because they like borrowers who work for big corporations and have steady pay checks and a minimum of 2 years work experience. The ” issue ” with full time real estate investors is that they don’t have steady pay checks, and they are usually self-employed.
Direct hard money lenders can provide funding for investors with no 2 years work experience and a steady pay check. For many, it’s a great start to get things going and after getting two years of work experience they may refinance the hard money loan into a more conventional loan.
Do hard money lenders really fund projects within days of applying?
It’s obvious that traditional lenders take more time to fund a loan. It’s not uncommon to wait 30-45 days until you can get a loan from a bank or other lenders. You will need to file a lot of paper work and come up with many documents before you can be approved. This might be the biggest difference between traditional lenders and Hard money lenders, with direct lenders, you can actually be approved within the same day of applying ( once all files are submitted ), for some real estate investors, this alone makes them choose a hard money lender other a bank many times.
What are the advantages of a hard money loan
So, as we already discussed before, speed is perhaps the most obvious advantage of a hard money loan. While traditional lenders can take up to 45 days to evaluate your application, hard money lenders may approve your loan within days in some cases.
Hard money financing can actually help the buyer negotiate a better purchase price.
People with bad credit, no income history and other situations can still qualify or a direct hard money loan, compared to a traditional loan where specific and strict rules apply.
How much do hard money lenders charge?
Hard money lenders charge interest rates and points for the money they lend. Usually the interest rate is between 8% – 12% and the points range between 2 – 4. Some hard money lenders also charge additional fees such as: processing fee, document fee and others. There are other costs the borrower will need to pay and they are: escrow, title insurance, notary and recording.