California (CA)

» Lending Criteria & State Information

Hard Money in California (CA)

Loans Offered

California is one of Avatar's most popular states for loan funding. All of our bridge loan and hard money programs are offered, as well as unique programs for California only that may include less strict terms and flexibility on our $1,000,000 hard money loan minimum.

Apply for a Loan in California

State Information

The California Association of Realtors (car.org) is a treasure trove of information for  California real estate brokesrs,investors, and others in need of current information about the real estate market in California. The C.A.R. report for 2008, released on Dec 16, indicates that approximately 20% of all home sales in California are due to foreclosure, short sale, or default.

Following two years of sharp decline in prices, sales of investment residential and residential properties saw increases around the State, in some areas exceeding the 20% increase over 2007. Prices and sales are expected to climb in the coming months.

At a time of wild volatility in other markets, this represents a solid opportunity for real estate investors. The main constraint on market activity is the lack of bank funding. Hard money commercial bridge lenders such as Avatar Financial Group are able to provide short term loans (up to 26 months) for the acquisition of multi-familyresidential properties including apartment buildings, fourplexes, and other commercial properties so long as they are income producing, the investor has at least 20% of the actual cost of the property invest in cash at the time of closing, and clear demonstration is made that the loan can be serviced.

Commercial, retail, and industrial-use properties represent equally excellent investment opportunities for those who are able to wait out the downturn in the California commercial real estate market.

With a short term private commerical loan, it is possible to take advantage of the buying opportunities in the California commercial real estate market and refinance when the standard bank mortgage products become a viable option again.

Major Cities

  • San Diego
  • Los Angeles
  • San Francisco
  • Sacramento
  • San Jose
  • San Bernadino
  • San Luis Obispo
  • Oakland
  • Fresno

Online Resources

Official State Homepage of California
California Chamber of Commerce
California History Online
California's Official Tourism Site
California Association of Realtors
Northern California Commercial Association of Realtors

Population

35484453

Land Area

155959

Persons per Square Mile

217

New Housing 2003

159573

Total Housing Units

12507767

All Census information is taken from the US Census website - listed in the online resources section.