HARD MONEY LENDERS
SAN JOSE 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

San Jose

How can I get approved for a San Jose hard money loan?

Getting approved is often the most difficult and stressful part of the loan process, but at Lantzman Lending we don’t believe that should be the case. We’ll do everything we can to make   applying for a loan in San Jose as easy as possible. Simply fill out our online preapproval application and you’ll get a response within 24 hours. Once your loan application is received we’ll work rapidly to close in 5 to 7 business days. With all of your documentation in hand, we may even be able to close in as little as 3 days. We’ll handle each loan on a case by case basis and we’ll try to accommodate any special requirements. 

No matter the specifics, our goal with every loan is always to get the funds to you as quickly as possible. By focusing primarily on the strength of the loan and the collateral you provide, we can do that without your financial problems becoming a hindrance. Unlike traditional loans, limited income, low credit score, past foreclosures or bankruptcies won’t stand in your way when it comes to securing a hard money loan. As direct money lenders, we can provide quick, easy approval no matter your circumstances.

What is the cost of a hard money loan in San Jose?

The average hard money loan amount in San Jose is $311,132. Specific amounts can vary from one case to another and may depend heavily on the lender you choose. At Lantzman Lending we understand how important it is to move quickly in the competitive San Jose real estate market, which is why we offer affordable rates on all of our hard money loans. A lack of funding should never keep you from closing a deal, so we’ll do everything we can to get you the money you need and help make your real estate dreams come true.

What kind of loans are available in San Jose?

Lantzman Lending offers loans for a wide variety of properties in San Jose, from fix and flip to land loans, including:

  •       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 San Jose?

A low credit score can make it almost impossible to secure a traditional bank loan but with a direct hard money loan from Lantzman Lending your credit history won’t stand in your way. We have no minimum credit requirements or income threshold requirements. Nothing will keep you from getting the funding you need so you can move fast to close on a real estate deal.

The difference with hard money loans is really quite simple. We don’t focus on your financial history so there’s no need for intrusive credit and background checks. Unlike traditional lenders, we put the focus on your collateral, including property, retirement accounts, home equity or even cash, whatever you can use to finance the loan in the event of default.  

 The median home price of $1,332,518 sets San Jose apart from most California communities. It’s a market that requires plenty of capital in order to secure a real estate investment and that means having a lender who can provide quick approval, regardless of your credit score. For years, Lantzman Lending has stood ready to get you the financing you need with minimal stress and no need to deal with a middleman. That can put you in the driver’s seat and help to make your real estate dreams a reality.

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

Loans arranged under the authority of our CFL license will be made pursuant to a California Financing Law License

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.