What Does This Mean To You?
The professionals at First Capital Trust Deeds have been on all sides of the transaction, from borrowing private money funds for a real estate project, brokering loans, to lending out money. Their 360-degree view has primed them to understand firsthand the challenges that our real estate investor clients face – and how to successfully navigate them.
What is FCTD’s Experience Working With Real Estate Investment Financing Scenarios?
First Capital Trust Deeds has worked with numerous investors in over 30 states to secure private money financing for the following types of loan scenarios:
Pasadena Hard Money Loan Programs
Pasadena investors have the following hard money loan program options:
What is the Pricing, Closing Costs, Interest Rates, Terms and Other Fees with a Pasadena Hard Money Loan?
FCTD provides a wide range of financing options to meet the individual needs of our clients in the real estate industry. We understand that many factors can influence the loan type and terms, including property type, project scope, funding source, capital availability, and borrower experience level and financial strength.
Our team weighs each factor to determine the best financing option for your real estate investment project. We offer eight types of hard money loans, as well as several bank financing programs, catering to diverse project requirements. For further pricing information, we recommend our Hard Money Pricing Guide.
Property type is crucial when considering the terms of your loan. For example, a bridge loan on a single-family home may have lower closing costs than a construction loan for 10 spec homes. Project scope plays a key role as well — a cosmetic fix-and-flip project with a small rehab budget and short sale timeline may be easier to finance than a complex, cross-collateralized blanket loan involving a mix of commercial and residential rental properties.
The funding source for your loan also impacts the terms and pricing structure. Each of the five private money loan sources have preferences for property types and scenarios they’ll finance. Additionally, the availability of capital is an important factor, particularly for complex projects. Few lenders are willing to take on projects with many moving parts, and this can increase the cost of funds.
Borrower experience level and financial strength also impact loan terms. First-time house flippers may have to pay a larger down payment, higher closing costs and steeper interest rates than experienced investors who have bought and sold multiple properties over the years. Strong borrowers with a good financial track record typically enjoy a lower cost of funds than borrowers with a history of defaulting on debt.
At FCTD, we’re committed to tailoring financing options to our clients' specific needs. Our team draws on its wealth of experience to formulate the best possible financing options for our real estate investors. Contact us today to learn how we can help you achieve your investment goals
