Santa Cruz Hard Money Lenders & Loans

Santa Cruz Hard Money Loans

North Coast Financial are California hard money lenders (private money lenders) providing Santa Cruz hard money loans with over 40 years of experience in hard money lending. The owner/broker of North Coast Financial has provided funding of over $800 million in California hard money loans since 1981. Contact North Coast Financial now to inquire about a hard money loan in Santa Cruz.

North Coast Financial provides many different types of Santa Cruz hard money loans (private money loans) including bridge loans,  investment property loans, rehab loans / fix and flip loans, cash out refinance loans, probate and estate loans, trust loans, rental property loans, reverse mortgage refinance loans, construction loans, hard money purchase loans, hard money loans for primary residences and other Santa Cruz hard money loans secured against real estate.

Santa Cruz Hard Money Loan Property Types

North Coast Financial are able to provide hard money loans in Santa Cruz on a variety of different property types. While primarily residential hard money lenders for single family residences and multi-family residences, they are also able to provide commercial hard money loans for commercial, office buildings, healthcare, industrial, hotels, retail and special purpose property.

Residential Bridge Loans

A residential bridge loan allows a homeowner to borrow against the equity in their current home in order to purchase their new primary residence. Once the new primary residence is purchased, the home owner moves into the new property and then sells the previous property. The residential bridge loan prevents the need to sell a primary residence first in order to access the equity in the property. The cost and hassle of moving twice is avoided.

A residential bridge loan can also be used to purchase the new property directly as long as the borrower has a down payment of at least 25-30% of the purchase price. If needed, two bridge loans can be provided simultaneously, one bridge loan against the existing property in order to pull out equity for a down payment and then an additional bridge loan secured against the new property for the purchase.

Trust and Probate or Estate Loans

Trust and probate or estate loans allow heirs to borrow against inherited real estate to help equalize a distribution of assets, fix up the property prior to sale or pay off debts of the trust/estate. A trust or estate loan can also help heirs prevent a property tax reassessment with Prop 58 or Prop 19. The loan is made directly to the trust or estate and secured against the inherited real estate.

Santa Cruz, California

Santa Cruz County was incorporated in 1850 and was one of the original counties of the state of California. The population is estimated at 275,000. Santa Cruz County is located on the Pacific Ocean and has over 29 miles of beaches. The cities of Santa Cruz County include Watsonville, Capitola, Scotts Valley, Davenport, Brookdale, Mount Hermon, Opal Cliffs, Lompico, Pasatiempo, Santa Cruz, Glenwood and Zayante.