California Hard Money Lender – financing your investment property
California is the most populous state in the United States and the third most extensive by area. California’s $2.75 trillion economy is larger than that of any other state. If it were a country, California would be the 5th largest economy in the world.
Ready to finance your California investment properties?
Housing inventory remains the most influential and persistent factor affecting prices. The cost of living in many California cities like San Francisco and Los Angeles has continued to increase over the past 10 years making home ownership difficult for people. Many Americans desire the single-family home lifestyle but just cannot afford to buy into it. Also, Millenials are delaying getting married and have massive school debt, and are not buying real estate. The number of Americans renting is incredibly high, leaving a great investment opportunity in rental income properties.
- 30% to 40% returns are not unheard of for investment properties
- rent prices increased an average of 8.4% from the previous year
Rental properties have recently created a stable vehicle for investing money and creating wealth. As many look to purchase an investment rental property, some look for a California hard money lender to finance their real estate purchase. Unlike traditional lenders, private money lending institutions focus more upon on the equity in a property relative to the borrower’s credit score. The underwriting and funding process can take place in a matter of days instead of weeks or months. Wilshire Quinn continues to fund hard money loans in California and across the nation.