As an Oakland hard money loan brokerage, First Capital Trust Deeds (FCTD) originates loans for real estate investors in Piedmont, Orinda, Moraga, Alameda and Lafayette.
Why is First Capital Trust Deeds considered one of Oakland’s top private money lending providers of choice?
FCTD is a hard money mortgage broker with numerous lending sources to finance your real estate investments.
What Does This Mean To You?
At First Capital Trust Deeds, we know that real estate investors need access to different types of financing to take on new projects and create opportunities for themselves. First Capital provides a wide range of loan choices, including short-term hard money bridge to long-term institutional loans for stabilized properties. Our team of experienced professionals has a strong track record of successfully finding solutions for even the most complicated financing situations ― providing real estate investors with peace of mind knowing they have a dedicated financing partner in their corner.
What are the Pros and Cons of Hard Money Loans in Oakland?
Hard money loans are short-term loans secured by real estate and funded by private investors or companies. They’re typically used for real estate projects that require fast funding, such as fix-and-flips, rehabs, new constructions or refinances. Hard money loans in Oakland, California may have different terms and rates depending on the lender and property.
Some of the pros of hard money loans:
Can be approved and funded quickly, usually within days or weeks
Flexible underwriting criteria that focuses on the property value rather than the borrower’s credit history or income
Can finance distressed or incomplete properties that traditional lenders may not lend on
Some of the cons of hard money loans:
Higher interest rates and fees than conventional loans
Shorter repayment periods, usually 6 to 36 months
Lower loan-to-value (LTV) ratios than conventional loans, usually up to 65% to 75% of the property value .
What Sets First Capital Trust Deeds Apart?
What Types of Hard Money Loans Does First Capital Trust Deeds Offer in Oakland?
Hard money loans can be used for a variety of different purposes. FCTD offers the following types of loans to real estate investors in Oakland and surrounding areas:
Why Choose First Capital Trust Deeds for Oakland Hard Money Loans?
With a deep understanding of hard money lending, our company has provided reliable financing solutions since 2013. Over the years, we’ve originated more than 2,500 loans totaling over $2.5 billion — and more than 500 loans across 23 states in 2022 alone. Many of our borrowers return to us for repeat business, trusting us to fund their projects as their needs evolve. We offer a range of loan options, including fix and flip, rental properties, ground-up construction, primary residence, as well as cross-collateral second mortgages.
As mortgage brokers, we’re not limited to one source of capital, but have flexibility to navigate challenging situations with a full toolkit of financing options. During the capital freezes of the COVID-19 pandemic, some hard money lenders were forced to stop funding projects. We adapted by shifting loans to mortgage funds, family offices and individual trust deed investors to keep projects moving forward.
While our services may not always be the right fit for all borrowers, we pride ourselves on our resourcefulness and our commitment to helping our clients get the financing they need to succeed in their real estate projects.
Disclaimer: Information, rates, and pricing are subject to change without prior notice. All loans subject to borrowers and underlying collateral meeting First Capital Trust Deeds’ and/or assigns then-current underwriting criteria. Other restrictions apply.
