Lake Tahoe
Hard Money Loans

Why Choose First Capital Trust Deeds for Hard Money Loans in the Lake Tahoe Area?  

At First Capital Trust Deeds (FCTD), we’re knowledgeable and experienced veterans of hard money lending, evidenced by our 2,500 loan originations totaling over $2.5 billion since 2013, with 500+ loans over 23 states during the previous year alone. Our clients often return to us to finance new projects, a testament to our commitment to meeting their evolving needs, whether it be for a fix and flip, ground up construction, second mortgage or primary residence loan.

As a mortgage broker, we have the advantage of working with multiple capital sources. During the early stages of the COVID-19 pandemic, when investors using Wall Street conduit lenders weren’t able to fund loans for several months, we adapted by turning to mortgage funds, family offices and individual trust deed investors to ensure our clients' projects continued moving forward.

While our services aren’t always suitable for every borrower, we take pride in our resourcefulness and our unwavering dedication to tirelessly helping our clients find the financing to achieve their objectives.

What Are The Advantages of a Hard Money Loan?

In the realm of financing options, hard money loans offer several benefits for those seeking to purchase, refinance or pursue a cash-out refinance. Consider the following advantages:

1. Expedited Closing: Hard money loans can close quickly, an attractive quality for individuals who need to meet a five-day offer deadline or who’ve experienced a last-minute shortfall with their bank financing. In urgent cases, FCTD has closed loans in as little as 24 hours. However, the standard timeframe for closing is typically 5-14 days.
2. Credit Score Flexibility (with consideration): While hard money lenders will assess your credit score to determine your past payment history, it’s not a crucial factor in loan approval. Nonetheless, it is still an element considered in the loan process. If your aim is to refinance, a hard money lender will want to ensure you have strong credit, making you eligible for long-term bank financing to pay off a construction or bridge loan. Although minor blemishes are tolerable, a history of delinquencies and loan defaults will likely prevent you from acquiring a hard money loan.
3. Financing for Non-Stabilized and Rehab Properties: Properties that are in a state of disrepair, vacant, or have high vacancy rates are often ineligible for bank financing. However, hard money bridge loans can help investors purchase such properties for renovating or stabilizing them with long-term tenants.

Property Types First Capital Trust Deeds Lends Against