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   COMMERCIAL HARD MONEY LOANS

5 Ways To Find Hard Money Lenders in California


paperfree Aditi Bansal 29:14
Published on Monday, June 26, 2017

Finding hard money lenders in California take time and patience; you just need to take advantage of available resources and networks to your advantage.

tags  #Hard Money Loans  #Private Money Lenders #Lenders in California

 

Finding hard money lenders in California is quite easier than it seems even when it takes time to find the right private funds to close the deal. The increasing number of borrowers and the continued reluctance from traditional lenders has fueled a growth in private lending, to help borrowers find funds and close deals easily. Here are a few options to help find the private money loan you need:

1. Have honest conversations with your clients. Chances are high that you have clients who have a relationship with a private money lender, and may be willing to introduce you to their lenders. If you are lucky, you will even have clients already involved in hard money lending.

2. Go to the AAPL, American Association of Private Lenders to find a list of reputable and reliable private money lenders in California and other neighborhoods. The AAPL serves as an industry association with a directory that contains information about all their member organizations.

3.  Take advantage of your network with Escrow companies. While they may not have actual lender information, they know the source of the money they use for the deals. Once you build a healthy relationship with escrow companies, they can direct you to lenders they contact on a regular basis.

4. Conduct extensive research on closed deals. Hard money lenders in California with security interests on properties often have their information included in the trust deed. Alternatively, you can contact the buyer and find out who lent them the money they used to close the deal.

5. Contact real estate attorneys. While they may not be as important in California as they are elsewhere, real estate attorneys with experience in residential environments always have access to active lenders in the market who can direct you to reputable lenders, especially if they can trust you to ask them to help you with the closing.

Locating a private money lender in California takes time, and can get quite complex. By taking advantage of all available research processes, your connections with the American Association of Private Lenders, attorneys and other stakeholders, you can create a list of quality lenders you can turn to when you need to close a deal. 



This page with a focus on Hard Money Loans, Private Money Lenders was shared by Aditi Bansal.

 
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