Private Hard Money Loans in Santa Rosa
We are Lantzman Lending, your direct source for hard money loans in Santa Rosa and throughout California. We offer fast, reliable financing to a wide variety of real estate investors by tailoring loan programs to your specific needs. Our private loan rates start as low as 8% and can close within just 3 days.
No matter what type of real estate you are investing in, we have a loan product to match. Whether you hold a title in a company entity (LLC, Corp, Trust, etc.) or personally, our experienced team is ready to handle all transaction types. And since we are true asset-based lenders, we only require a one-page application to get started and send you a quote within 24 hours.
Financing in Santa Rosa When You Need It
At Lantzman Lending our approach is unique. We provide you with a quote within 24 hours of making a request, and since we’re a direct money lender, we don’t have to rely on other sources for money.
We can get you the money you need within just a few days. Our competitive rates and fast financing put us a step ahead of the competition, which is particularly important in the ultra-competitive Santa Rosa market.
We understand how important it is to move quickly when dealing with commercial real estate purchases in Santa Rosa, which is why we provide hard money loans for fix & flip, construction, refinances and commercial loans. As asset-based lenders, we can expedite matters so you can get the private money loan you need without the lengthy approval process.
We provide hard money loans in CA, NV and WA, with funding of up to 65% of the after-repair value on fix & flips and 65% of current value on most other loan scenarios.
Why Choose Lantzman Lending For Hard Money?
Lantzman Lending offers the following loans to real estate investors:
Our Easy 4-Step Process
Direct Hard Money Loans In Santa Rosa
We’re not just here to offer you the financial support you need – we’ve been active in the Santa Rosa, California region for over three decades, gaining a complete understanding of the intricacies of this dynamic market. With its diverse and thriving population, Santa Rosa has witnessed remarkable growth in both residential and commercial spheres over the past half-decade. This upward trajectory is predicted by experts to continue well into the future. At this pivotal juncture, we’re uniquely poised to assist you in harnessing this trend through our range of financial solutions, including hard money loans tailored for fix & flip projects, commercial endeavors, construction ventures, and bridge requirements.
This vibrant city, nestled in the heart of California, radiates a charm of its own, where culture and luxury living meet. This bustling cityscape translates into a real estate sector ripe with opportunities, experiencing a surge in both residential and commercial ventures over recent years. According to Zillow, the median home list price is $899,000 as of July 2023. The average home value in Santa Rosa rests at $711,870, marking it as a premium market.
However, this luxury status often creates challenges for aspiring homeowners, leading to a surge in the demand for rentals, with a median rent price of $2,667 in Santa Rosa. This shift offers a potentially profitable avenue for those interested in commercial rental properties, with adjoining areas like Sonoma and Napa Valley providing an excellent source of economic traffic.
With a lively population, the potential for lucrative commercial property ownership flourishes. Yet, turning this potential into reality often necessitates rapid financing – that’s where Lantzman Lending takes center stage. As a direct source of hard money, we possess the funds necessary to expedite the application process, potentially getting your financing approved in as little as three days. Your investment aspirations in Santa Rosa’s thriving real estate market are our priority.
Would you like to have more information about our loans?
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Recently Funded Deals Near Santa Rosa
Check out the transformation on this newly renovated East Sacramento property. Our Borrowers purchased it for $400,000, we provided the financing in the amount of $420,000 which included 100% of the fix-up costs. They were able to sell the house after repairs for $625,000. | Loan: $420,000. Sold for: $625,000.
This Sacramento, CA fix and flip property was purchased for $240,000. We funded a loan of $224,000 which included 100% repair cost. Our borrower remodeled and sold this property for $340,000.
Check out the before and after photos of this charming craftsman fix & flip in the Bay Area. This property was purchased for $250,000 and is currently pending at $430,000. Lantzman Lending made a loan of $210,000 on the property. The investor updated the property from top to bottom.
This Fresno, CA Fix and Flip was purchased for $190,000. We funded a loan of $231,000 which included 100% of the repair cost. Our Borrower remodeled and resold the property for $315,000.
Santa Rosa Hard Money Loans
Lantzman Lending has a reputation for being reliable, competitive and consistent, which has earned us top reviews on Yelp and Google. We put our clients’ interests first, with hard money loans that can help you start seeing profits from your commercial property right away.
That can be a valuable advantage in the crowded Santa Rosa market so if you’re looking for cash to secure a commercial property, give us a call now, and we’ll provide a quick quote and a fair rate to get you the financing you need.
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HOW ARE SANTA ROSA HARD MONEY LOANS STRUCTURED?
At Lantzman Lending we understand how important it can be to get the money you need as quickly as possible when real estate deals are involved. That’s why we have 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 optimize your funding needs so you have the freedom to move on those important deals now.
Of course, every individual loan is tailored to meet your specific needs but in general, here’s what you can expect with a Santa Rosa 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 the length of term
- No prepayment penalties
Whether you’re looking for hard money loans in central Santa Rosa or the greater Santa Rosa area, you need a lender who understands the complex nature of real estate investments and financial transactions. Lantzman Lending has been at the forefront of the hard money lending business with our commitment to making the process as smooth as possible. We eliminate the need for a middle-man and put you in the driver’s seat so you can take control of your financial future.
HOW CAN I GET APPROVED FOR A SANTA ROSA HARD MONEY LOAN?
Getting approved for a loan can be a stressful process, but with hard money loans from Lantzman Lending, that doesn’t have to be the case. We make applying for a loan in Santa Rosa as easy as possible. Simply fill out our online preapproval application and you’ll get a response within 24 hours. We know that speed is essential when it comes to closing real estate deals, which is why our average closing time is 5 to 7 business days. 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 scenario and we may be able to accommodate special requirements.
With every loan, the end goal is always to get the funds to you as quickly as possible so that you can close on the deal for your dream property. Since we focus primarily on the strength of the loan and collateral, 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 can provide approval quickly and easily, no matter your circumstances.
WHAT IS THE COST OF A HARD MONEY LOAN IN SANTA ROSA?
The average hard money loan amount in Santa Rosa is $314,884. Of course, 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 because we know how costly it can be to get in on the real estate market in Santa Rosa. A lack of funding should never keep you from making your dreams come true, so we’ll do everything we can to get you the money you need without stretching your budget.
WHAT KIND OF LOANS ARE AVAILABLE IN SANTA ROSA?
Lantzman Lending offers loans for a wide variety of properties in the Santa Rosa area, from fix and flip to land loans and everything in between, including:
- Fix and flip properties or rehab: single family, multiplexes, condominiums or apartments
- 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 SANTA ROSA?
With traditional loans, a low credit score can be the kiss of death, making it next to impossible to get the approval you need. Lantzman Lending makes approval easier so a low credit score won’t stand in your way. We have no minimum credit requirements or income threshold requirements. Nothing will keep you from completing that dream real estate deal and securing that property you’ve always wanted.
How can we get money to you so quickly? It’s simple. 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 the focus on your collateral, meaning property, retirement accounts, home equity or even cash, whatever you can use to finance the loan in the event of default.
Let’s face it, with a median home price of $899,000, the Santa Rosa real estate market is not for the faint of heart. In order to get in on the ground floor, you need a lender who can provide quick approval, regardless of your credit score. Lantzman Lending is ready to be that lender, helping you to get the financing you need without the added stress involved in traditional loans.
ARE MOST PRIVATE INVESTORS/HARD MONEY LENDERS TRYING TO FORECLOSE ON YOUR HOME TO GET THE PROPERTY?
No. Private investors / hard money lenders simply want a good return on their investment but they will protect themselves from losing the investment by using the equity in the property. This is a common misconception, private investors / hard money lenders just want the payments made on time but if the borrower is having difficulty they will ensure that it will not be a long-term problem.
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 you can 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 in California, Texas and Nevada. Loans made or arranged outside of California 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.