Direct Hard Money Lender for Redding Real Estate
Equity-Based Private Money Loans for Residential & Commercial Real Estate
Welcome to Socotra Capital, the premier DIRECT hard money lender in Redding. As a private money lender, we work directly with real estate investors and corporations buying or refinancing real estate by providing equity-based lending when conventional funding is not available. We are able to originate, underwrite, and fund all of our transactions.
At Socotra Capital we will fund a wide variety of real estate loans, including:
- Fix and flip loans
- REO Short Sale transactions
- Residential rehab loans
- Commercial rehab loans
- Bridge loans
- Ground up construction
We will also consider any other real estate projects that require a lender that is professional, reliable, and focused on providing high quality service. If it’s real estate, we move quickly to meet your needs.
At Socotra Capital, we are your partner and your success is our success.
Call for your Free Consultation Today!
Socotra Capital–Redding Hard Money Lender
There are myriad reasons why conventional funding may not be appropriate or available, and we are very flexible when working with our clients. Our hard moneyunderwriting guidelines focus on equity, not borrower credit. We have accepted borrowers with low credit scores, prior bankruptcies, and foreclosures. If a bank turns you down, Socotra Capital is ready, as your hard money lender, to respond quickly and efficiently to meet your needs.
We appreciate the need for rapid access to funds—with our streamlined process we can often provide you with same-day prequalification. Please complete our Loan Interest Short Form to get started.
Hard Money Loans for Residential Properties
We work with real estate investors and professionals to support all of their property buying and refinancing needs. Whether you a want to buy an REO, a banked owned property, foreclosed home, a private auction purchase, a short sale, distressed property, a fix and flip loan, or bridge loan to finish the construction or remodel of an investment property, Socotra Capital can provide you a hard money loan quickly so you can capitalize on the opportunity.
If you’re looking to take advantage of the great rental market in Northern Redding, check out our Buy and Hold Program. Borrowers looking for income-producing rental properties can get a variety of terms from 2 years to 10 years, interest only to full amortization, on qualifying properties pending appraisal and review of a complete loan application .
Our Residential Hard Money Loan Parameters:
- Up to 75% of Costs–including Purchase and Rehab
- Up to 65% Loan-to-Value
- Loan Amounts of from $30,000 to $6,000,000
- No limit on the number of properties
- Loans to Individuals, Trusts, and LLCs
For borrowers looking to flip distressed residential properties for resale, our short-term Fix and Flip Program allows you to borrow up to 75% of your total project costs, including purchase price of the property and the cost of rehab. This is one of our most popular residential lending programs.
Private Money Lending for Commercial Property
At Socotra Capital, we have been a private money lender providing bridge loans on commercial properties throughout Redding since 2007. For purchases of distressed properties such as vacant retail or apartments, to bank owned properties that need to close ALL CASH, we provide hard money loans on all types of commercial property. If for any reason you do not qualify for a traditional commercial mortgage loan on your existing property, be it a line of credit being pulled or you do not cash flow globally, we can help you with a bridge loan to get you through your difficult period until you turn your business around. Socotra Capital is your lender of choice for the small business owner looking to refinance, get cash out, or have a free and clear property that needs money.
Our Commercial Private Money Loan Parameters
- Property Types : Industrial, Office, Retail, Apartment complexes (6+ units), Shopping Centers, Restaurants, Mixed-use, Automotive, Hotel, Finished Lots, Ground Up Construction, Agricultural Land, Gas Stations, and Specialty properties such as Cold Storage Facilities, Churches, Wineries, and Horse Ranches to name a few.
- Loan Amounts : $30,000 – $6,000,000
- Term : 6 months to 10 years–interest only, partially amortized, and fully amortized loans available
Private Money Lending for Mortgage Brokers
Many mortgage brokers have watched their clients suffer under the current credit crunch. Instead of waiting for weeks or months for your clients to find funding, you can help them by choosing a strategic partnership with Socotra Capital. We can be your hard money lender of choice and provide private money loans to your clients where appropriate.
Our rapid underwriting and funding turnaround time will help keep you and your clients on the path to success. Remember that hard money loans can be used for a wide variety of commercial and residential properties, meaning that your clients aren’t restricted by the stringent loan guidelines of conventional funding when pursuing hard money financing.
When is a hard money loan appropriate?
There are a variety of situations that might cause a real estate investor or corporation to consider working with a hard money lender. Some examples of when a hard money loan might be appropriate include:
- You are buying residential or commercial real estate for investment purposes to take advantage of the market.
- The property is an REO, a foreclosure, or a short sale and needs significant improvements before the property can qualify for an FHA buyer or other conventional financing.
- You want leverage for both the purchase and the rehab of the project or property.
- If you own a property free and clear or have significant equity but you cannot get additional money out.
- You have a balloon payment coming due.
- Your line of credit is due or no longer available.
- Your loan is no longer compliant such as an SBA loan parameter you no longer meet.
- Your credit score or income is not high enough to qualify for a conventional loan.
- You need cash quicker than it would take with a conventional loan.
- Your needs are short term and the loan is only needed for a short amount of time.
- If you come up short or made an offer ALL CASH, you use can use our HARD MONEY – WE ARE AS GOOD AS CASH
If you are a real estate investor taking advantage or looking to take advantage of this great buying opportunity, you’ll likely use hard money loans to secure the financing you need since most offers will be either ALL CASH or need to close too quickly for traditional financing. The cost of a hard money loan with Socotra Capital is a fraction of the profit made when buying correctly. Our underwriting and review of the deal will help you in this process and ensure you with success. We do not see ourselves as just a lender on the transaction but as partner in the project. We want everyone to walk away happy, hoping you will make your next loan with Socotra Capital. We are only lenders and will never compete against you in a purchase, a further commitment to our clients and what role we play in this market we are in. We are Hard Money Lenders – that is what we do.
If you are a business owner that has equity in your real estate, or an investor in commercial real estate, but cannot get a loan, we offer bridge loans and private money solutions that can be tailored to to your needs. Whether refinancing a free and clear property to get additional working capital or paying off a line of credit, we will get you the cash injection you are looking for.
As a bridge lender, it’s our job to get you the financing that you need so that you can focus on the success and health of your business.
Choosing the Right Hard Money Lender
For your security and peace of mind, it is essential to find a hard money lender you can trust. A private money source that has your best interest at heart and will treat you fairly and with respect. We will ensure that you secure your private money loan, quickly, within 10 business days of a complete loan application.
At Socotra Capital, we have a hard earned reputation as one of Redding’s leading hard money lenders. If you are interested in learning more about hard money loans, please call us today at 916-617-2220.
Call for your Free Consultation Today!
Redding is a city in Northern California, located on Interstate 5, with the Sacramento River coursing through it. It is part of Shasta County, California. Redding is the largest city in the Shasta Cascade region and is the fourth largest city in the Sacramento Valley behind Sacramento, Elk Grove, and Roseville.
Redding was a trade and travel route connecting California’s Central Valley and the Pacific Northwest. The first settler in the area was Pierson B. Reading, an early California pioneer. In 1844, Reading received the Rancho Buena Ventura Mexican land grant for the area occupied by today’s Redding and Cottonwood, California, along the Sacramento River.
There are a few different attractions in Redding such as the Turtle Bay Exploration Park, located along the banks of the Sacramento River. It contains a museum and 20-acre gardens. The campus features permanent and changing exhibitions highlighting art, history, horticulture, forestry and natural science. The historic Cascade Theatre, which opened in 1935, has been restored and now operates as a multiuse performance venue.