HARD MONEY LENDERS
SACRAMENTO CA

Why Lantzman Lending?

Our Team

MARC LANTZMAN

MARC LANTZMAN

CEO

Marc Lantzman is the CEO of Lantzman Lending. He’s been actively engaged in real estate acquisitions, private mortgage lending and real estate development since 1980. Marc has developed projects in California, Nevada, Washington, Oregon and Arizona, including apartment buildings, shopping centers, motor home parks, in-fill housing projects and single residential sub- divisions. He attended Kent State University, majoring in business and education.

Justin Lantzman

JUSTIN LANTZMAN

President

Justin Lantzman is President of Lantzman Lending. He’s been involved in real estate investment and management since 2001 and has been a licensed real estate broker with the California Department of Real Estate since January 2006. Justin has specialized experience in mortgage fund management and investor relations, loan underwriting and processing, property valuation, loan document preparation, and compliance. He attended the University of Colorado at Boulder prior to transferring to the University of California at San Diego, where he received his B.A.

JOEL ARMSTRONG

JOEL ARMSTRONG

Vice President

Joel Armstrong Vice President of Lantzman Lending. He has been involved in real estate finance, brokerage, investment and development since 2001. He received his B.A. in Business Adminstration from the University of San Diego. He has a firm understanding of the private finance arena, a strong network of borrowers and an ethical approach to the lending industry. In addition to California, Joel is also licensed as a Mortgage Agent in the State of Nevada. NMLS ID 383660

Areas We Serve

Lantzman Lending is proud to serve all of California and Nevada with offices in San Diego and Las Vegas.

FAQs

Sacramento

How are Sacramento hard money loans structured?

At Lantzman Lending we understand the importance of closing on a real estate deal as quickly as possible. That’s why we make it our business to provide some of the most fair, cost effective hard money loan terms you’ll find anywhere. Unlike traditional bank loans, our hard money loans are structured specifically to streamline the funding process and give you the freedom you need to move on those important deals right away.

Since no two customers are exactly the same, neither are our loans. Every individual loan is tailored to meet your specific needs but there are some general conditions you can expect with any Sacramento hard money loan from Lantzman Lending:

  •       Financing that ranges from $50,000 up to $3,000,000+
  •       Up to 65-70% ARV; Up to 85% Acquisition + 100% Rehab
  •       First position loans for non owner occupied (NOO) properties only.
  •       6-24 month terms (longer terms considered on a case by case basis).
  •       Interest rate from 7.99%
  •       Loan origination fees vary depending on length of term
  •       No prepayment penalties

From the historic feel of Old Sacramento to American River Parkway and the rest of the extensive park system, there is something for everyone in the Capital city. The bustling downtown area is a center for business, with numerous corporations and organizations headquartered here. It’s not surprising, then, that Sacramento is such a rich draw for real estate investors. The extraordinary strength of the market makes it essential to move quickly in order to stay one step ahead of your competitors. You need a lender who understands the complex nature of real estate investing and that’s where Lantzman Lending comes in. We’re committed to making the process of securing a loan as smooth as possible.

How can I get approved for a Sacramento hard money loan?

There’s no denying that getting approved for a loan can be a stressful experience, but at Lantzman Lending we don’t believe that should be the case. Our application process is designed to be as quick and easy as possible. Simply fill out our online preapproval application and we’ll give you a response within 24 hours. Our average closing time is just 5 to 7 business days and if we have all of your documentation, we may be able to close in as little as 3 days. Each loan is handled on a case by case basis and we’ll do everything we can to accommodate special requirements. 

Of course the end goal of every loan is to get the funds to you as quickly as possible and we do that by focusing primarily on the strength of the loan and collateral so that your financial problems will not be a hindrance. Unlike traditional loans, limited income, low credit score, past foreclosures or bankruptcies won’t stand in your way when you’re dealing with us. As direct money lenders, we are able to provide approval quickly and easily no matter your circumstances.

What is the cost of a hard money loan in Sacramento?

The average hard money loan amount in Sacramento is $307,834. Specific amounts can vary from one case to another and may depend heavily on the lender you choose. Lantzman Lending offers competitive rates on all of our hard money loans so that you have the flexibility to move quickly in the crowded Sacramento real estate market. There’s no reason why a lack of funding should keep you from making your real estate dreams come true and we’re here to help you get the financial edge you need.

What kind of loans are available in Sacramento?

Lantzman Lending offers hard money loans for a wide variety of properties in Sacramento, from fix and flip to land loans. Our loan options include:

  •       Fix and flip properties or rehab: single family, multiplexes, condominiums or apartments
  •       Construction
  •       Refinances
  •       Commercial: multi-family units, office spaces, industrial zones, hotels, motels or restaurants
  •       Probate, Trust & Estate
Will a low credit score prevent me from getting a hard money loan in Sacramento?

A low credit score can be the major stumbling block to approval for a traditional bank loan but with a direct hard money loan from Lantzman Lending a low credit score will never stand in your way. We have no minimum credit requirements or income threshold requirements. Past mistakes won’t keep you from getting the funding you need to complete that dream real estate deal.

 How is it possible to achieve such a quick approval process? As hard money lenders, we don’t focus on your financial history, which means there’s no need for intrusive credit and background checks. Instead, we put all the weight on the collateral, including property, retirement accounts, home equity or even cash that you can use to finance the loan in the event of default.  

With a median home price of $472,661, the Sacramento real estate market is definitely a healthy one. That means that the competition is intense, which makes finding a lender who can provide quick approval regardless of your credit score an absolute necessity. Lantzman Lending has been that lender for many investors in the Sacramento area and we’re ready to do the same for you. We’ll help you get the financing you need when you need it most, with less stress than traditional loans.

General

ARE YOU A DIRECT LENDER?

Yes, we are a direct lender, which simply means that the money we fund our loans with is our own and is readily available. Some lenders have to raise money to fund their loans or have to go out and find a direct lender to fund their loans because they don’t have the money to fund the loans themselves.

DO I NEED TO PROVIDE ALL MY DOCUMENTATION REGARDING INCOME, BILLS, ETC.?

This is dependent from investor to investor but typically you will only need to provide minimum documentation to obtain the loan. The vast majority of our borrowers are only required to fill out our one page application and supply a recent credit report.

DO YOU FUND AUCTION PURCHASES?

Yes we do! It’s best to submit a loan application before you go to the auction to make sure your thought process for determining property value is in line with Lantzman Lending’s and that you have a pre-approval letter in hand. Auctions such as REDC, Auction.com, and Williams & Williams should not be confused with the trustee sale. Every auction company is a little different, and you will need to find out what each individual auction company requires. Requirements and procedures, including deposits, working with Brokers/Realtors, and percentage at closing, can change from auction to auction and even within the same company. Always read the website or auction catalog before attending. Most auctions will require a deposit in the form of a cashier’s check ($2,500-$5,000) to bid. If you are the winning bidder, you will be required to put up money up to 5% of the purchase price. Again, this will vary per auction and will vary depending on the number of properties you purchase. You will be responsible for the deposit to bid at auction and the down payment at the auction. Once you have purchased, typically you will have 30 days to close the transaction. Lantzman Lending can perform much faster than required in this scenario.

DO YOU FUND TRUSTEE SALES?

Lantzman Lending does fund trustee sale purchases by way of refinance. Lantzman Lending does not give investors money to purchase at the trustee sale. Instead, once an investor is the winning bidder on a property at the trustee sale, the investor should submit a loan application immediately. This allows us to open escrow so when the trustee’s deed is obtained by the investor, funding happens within a few business days.

HOW DO I GET QUALIFIED FOR A HARD MONEY LOAN WITH LANTZMAN LENDING?

Click on apply and fill out the required information. You will get a response within 24 hours from submittal or contact us directly to discuss your scenario.

HOW LONG DOES IT TAKE TO CLOSE THE LOAN?

Our average closing is 5 to 7 business days. However, if we have all the documentation we can close in as little as 3 days. Each transaction is handled on a case by case scenario. If there is a special requirement, we may be able to accommodate you.

WHAT IF I HAVE A BAD CREDIT SCORE?

If you have a low credit score, Lantzman Lending may still fund your loan. Our primary funding criteria is based on the equity in the real estate.

WHAT IF I HAVE A FORECLOSURE ON MY RECORD?

Much like credit score issues, your foreclosure record alone will not dictate your application approval. The number one reason people are denied is lack of equity in the real estate.

WHAT IS A HARD MONEY LOAN?

Hard money (also known as a rehab loan or bridge loan) is the term used for loans funded by private parties who want a safe and high return. Lantzman Lending is a mortgage loan originator who arranges loans for private investors. We work directly with property buying investors who use these funds to purchase properties with the intent to fix and sell them for a profit or stabilize and refinance with conventional financing. Real estate investors use hard money when they are unable to or do not have time to obtain financing from more conventional sources. There are many types of hard money loans. Lantzman Lending specializes in first trust deeds to investors who purchase residential and commercial property.

WHAT IS LANTZMAN LENDING LOOKING FOR WHEN CONSIDERING MY APPLICATION?

We will primarily review the collateral to the loan. The strength of the deal is the main determining factor in the loan underwriting. However, we also review your ability to repay, credit-to-debt ratio, cash reserves, and your experience level.

WHAT STATES DO YOU FUND IN?

We provide hard money loans Nationwide.  Loans made or arranged outside of California or Nevada must be represented by a Mortgage Broker qualified to do business in that State.

WILL YOU ROLL COSTS INTO YOUR LOAN?

Lantzman Lending may roll some of the repair and loan costs into the loan if the LTV remains under 65%. It is our goal to make both the private lender and borrower successful in every transaction. Our reputation of accomplishing this goal has allowed to continually grow, even in tough markets.