Commercial Hard Money Loans
If you’re looking for hard money lenders in California, Lantzman Lending has you covered. With more than 50 years of combined experience, we help finance all types of commercial properties — from apartment buildings and strip malls to industrial facilities.
We are a direct source of private capital for commercial expansions and multi-family housing acquisitions, and we work with you to creatively structure a loan program around your specific needs.
Hard money loans can mean the difference between securing that once-in-a-lifetime commercial property and losing it to a competitor simply because traditional financing couldn’t move fast enough. Conventional loans typically come with longer approval timelines and far more stringent requirements — which is why so many real estate investors across California rely on hard money loans to get deals done.
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Types of Commercial Properties We Finance
Our California hard money loans can be applied to a wide variety of commercial properties, whether residential or business, including:
No matter what kind of property you’re interested in, we offer Fix-n-Flip or Rehab, Construction, Refinance or Commercial loans. Our commercial loans are designed to fit your needs with up to 65% of current fair market value, 2.0 – 3.5 points on most 6-18 month loans and interest from 8.99% depending on LTV. We also offer Cash Out Refinance that requires a Use of Funds letter and must be used towards business purposes.
A Direct Hard Money Source
We’re a direct lender, which means that the money we use to fund our loans is our own and is readily available so you can get the money you need when you need it. Unlike some lenders who have to raise money to fund their loans or find a direct lender to finance loans, we are ready to finance with our money. As a direct hard money source, we can have your application turned around and have money coming to you in as little as three days.
When you need funding for a commercial property that kind of speed can make all the difference, especially if more than one potential buyer is interested in the same property. It’s worth remembering, too, that hard money loans are based on the after repair value of the property rather than its actual value. You can get a loan set up in a matter of days with interest-only monthly payments and a larger balloon payment at the end of the term so you’ll be able to secure that investment now.
Lantzman Lending offers the following loans to real estate investors:
FAQ’s
What is a Hard Money Loan?
A hard money loan is a short term loan that is secured based on assets rather than credit scores or financial history so there’s less likelihood of being rejected. That way, if you are currently short of funds you’ll still be able to secure a loan to acquire a property that can eventually become a long term source of income or provide income right away from a fix and flip sale.
Who do you help?
We’re ready to handle a wide variety of transactions for any kind of borrower, whether you hold a Title in a company entity (LLC, Corp, Trust, etc.) or personal name. We’re also open to working with brokers, so you don’t have to miss a beat in your transaction because we know how important it can be to get the money you need quickly.
How quickly can you get the money to me?
As a direct hard money source, we have the ability to move quickly and we don’t need to do a detailed check of your financial history and credit score like most banks. All we require is a one page application to get started and we’ll return a quote to you within 24 hours. Most loans can see a turnaround within 4-5 days, but in some cases we can get money to you in as little as 3 days.
What is the process for getting a commercial hard money loan?
Whether we’re dealing directly with a borrower or working with a broker, the steps in the loan process are the same:
• You submit a loan application either online or via email
• We reply with a quote within 24 hours of receiving your application
• We contact Escrow and handle all paperwork
• We wire the money directly to Title after all the documents have been signed.
It’s that simple. Since we’re offering hard money loans that are based on assets, we can move quickly and tailor your loan to fit your specific needs.
What states do you serve besides California?
In addition to hard money loans in California, we also serve Texas and Nevada, although any loans outside of California must be made or arranged by a Mortgage Broker who is qualified in that state.
To learn about hard money loans see our “Guide to Hard Money Loans” and our “Guide to Rehab and Construction Loans“.
Would you like to have more information about our loans?
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Our Loan Products
Fix & Flip Loans
A Fix and Flip loan is a short-term, asset-based loan that helps investors acquire, renovate, and sell properties for a profit.
Business Purpose Loans
We offer Owner and Non Owner Occupied Business Purpose Loans. Short term 1st and 2nd mortgages (1-3 yrs)
Trust Loans
A Trust Loan is a short-term, asset-based loan that helps trust, estate, or their heirs refinance or a purchase property.
Commercial Bridge Loans
A short-term, asset-based loan to stabilize a commercial property or pull out cash. To help you bridge the gap until permanent financing.
Renovation Loans
A Renovation Loan is a short-term, asset based loan for construction funds. Includes renovations or mid construction.
Hard Money 2nd Mortgages
A Hard Money 2nd Mortgage is a short-term, asset-based loan that is a subject to a current 1st lien. Owner and Non Owner Occupied...
DSCR Loans
A DSCR loan is a 30 year mortgage designed for real estate investors that looking only at the rent amounts for qualification.
Residential Bridge Loans
Residential Bridge Loans are short-term loans for rental, vacant, or investment properties used for business purposes
