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Were you denied a loan to purchase a property by a credit union or a bank? Consider borrowing from private money lenders near Sacramento. Private lenders often have more flexible lending criteria, and they may extend credit to borrowers who have been turned down by conventional lenders. Additionally, a private money lender can customize your loan repayment plan to suit your individual requirements. Private money lenders have less stringent underwriting standards and approve loans much faster than banks.

Not all private money lenders are the same. Some may lack the capability to create customized lending solutions. Before evaluating your options, assess your lending needs and then look for a private money lender who is equipped to meet them.

Follow these tips to find a trustworthy private money lender.

Check Lenders’ Reputation

Before borrowing from a private money lender, check their reputation. Visit independent, reliable third-party review sites to read borrower reviews and testimonials. Check the business’s BBB-rating and the county records to get information about the lender. Make sure the lender you’re considering has a valid license and necessary approvals. Find out if the provider’s license was suspended in the past. If so, why?

Ask for Referrals

If someone in your personal or professional circle has used a private money loan in the past, ask them about their borrowing experience and if they’d consider the lender in future. Here are some questions to ask:

  • Was the provider and their team courteous and professional?
  • Was the lender mindful of your needs?
  • Did the private money lender explain all costs to you? Were there any hidden costs?
  • On a scale of 1-10, how would you rate the lender’s communication skills? Did they have a plan to ensure seamless communication?
  • What were the loan agreement terms and conditions?

Look for a Local Lender

A local lender offers valuable insights and guidance, leveraging their understanding of the city’s real estate market. Local lenders have a strong professional network (may include local inspectors, contractors, appraisers, and real estate agents) and can help you make informed real estate investment decisions. Prefer lenders who have experience and expertise in the specific type of loan you are seeking.

Interest Rates vs Value Proposition

Though interest rate is an important factor to consider when choosing a private money lender, do not base your decision solely on it. Some private money loans may have seemingly attractive terms but before borrowing from a lender, assess their professionalism, expertise, and reputation. Try to understand their pricing policy, then decide if they’re the right fit. Check the loan-to-value ratio and consider the loan duration. A lower loan-to-value ratio signifies less risk for the lender and can lead to better lending terms.

Compare Rates and Terms

Do not rush the process of choosing a private money lender near Sacramento. Take your time to evaluate your options. Compare interest rates, loan terms, fees, and other costs from multiple lenders to find the most competitive offer. When evaluating a private money loan offer, do not hesitate to call the lender if you do not understand a loan term or condition. Find out if there are any other costs involved than the ones included in the offer involved. A reliable lender will take the time to answer any questions you may have.

Before signing a private money loan agreement, read the fine print. Make sure you understand the interest rates, repayment schedule, any penalties for late or early repayment, and other terms of the loan. When in doubt, consult a professional.

Personal Interaction

A reputable private lender should be eager to schedule meetings with you, engage in discussions about your specific requirements, and offer tailored services. Steer clear of any lender who appears indifferent, such as by not responding to your calls or consistently making excuses to avoid meeting you in their office.

Ask Questions

Once you have shortlisted lenders, call their offices to make appointments. Your initial consultation with a private money lender in Sacramento is an opportunity to assess their skills and capabilities and understand their lending process.

Here are some questions to ask a lender during your first meeting with them.

  • What is the interest rate? Is it fixed or variable?
  • How long have you been working in the private lending industry?
  • How much can I borrow, and what is the maximum allowed loan-to-value (LTV) ratio?
  • Are there any origination fees or other upfront costs associated with the loan?
  • Will I make payments monthly or quarterly?
  • Is there a prepayment penalty if I want to pay off the loan early?
  • Can you provide a detailed breakdown of all the fees and costs associated with my private money loan?
  • Can you walk me through the loan application process? How long does it typically take to get approved?
  • Can you provide borrower references?

Consider Loan Approval Times

When it comes to real estate transactions, time is money. If you need quick access to funds, look for a lender with a reputation for processing loans swiftly. A thorough assessment of the lending process of the lender you’re considering will help you understand what to expect.

Look for a Flexible Lender

Some private lenders offer more flexibility than traditional financial institutions, especially when it comes to repayment terms or collateral requirements. Find a private lender who can cater to your specific needs.

Check Legal and Regulatory Compliance

To avoid future legal complications, choose a lender that complies with all relevant local and federal laws and regulations.

Altus Capital Group is one of the most trusted private money lenders in Sacramento. Our unparalleled ability to make the lending process as smooth as possible sets us apart from other Sacramento private money lenders. To learn more, call (707) 602-3896.

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Private lending can be a great option for real estate investors who need financing quickly and with more flexibility than traditional lenders can offer. However, not everyone can qualify for a private loan. In this article, we’ll explore what it takes to qualify for a private loan and how investors can improve their chances of getting approved.

Tip #1: Know Your Credit Score – One of the first things that private money lenders in Northern California will look at when evaluating a loan application is the borrower’s credit score. A strong credit score can help borrowers qualify for more favorable loan terms and lower interest rates. Investors should aim for a credit score of at least 680 to increase their chances of getting approved for a private loan.

Tip #2: Have a Solid Business Plan – Private lenders want to see that borrowers have a solid plan for the property they’re investing in. This includes a detailed business plan that outlines how the property will generate income and how the borrower plans to repay the loan. Investors should have a clear understanding of the property’s potential cash flow and be able to communicate their plans to the lender.

Tip #3: Have a Strong Collateral – Private lenders will also look at the property itself as collateral for the loan. The property should be in good condition and have a strong potential for appreciation. Lenders may also require a down payment or equity stake in the property to mitigate their risk.

Tip #4: Show Proof of Income – Private lenders want to see that borrowers have a reliable source of income to repay the loan. This can include rental income from other properties, income from a business, or proof of employment. Investors should have documentation that shows their income and ability to repay the loan.

Tip #5: Work with a Professional – Working with a professional can be a great way to improve your chances of qualifying for a private loan. This can include a mortgage broker, real estate attorney, or financial advisor who can help you navigate the application process and present your case in the best light to lenders.

In conclusion, qualifying for a private loan requires a combination of good credit, a solid business plan, strong collateral, proof of income, and working with a professional. Investors who want to take advantage of private lending should focus on building their credit score, creating a detailed business plan, investing in high-potential properties, and working with professionals who can help them navigate the application process. By following these tips, investors can improve their chances of qualifying for a private loan and getting the financing they need to succeed in the competitive world of real estate investing.

Ready to meet private money lenders in Northern California for private loan success? Start now by building your credit, crafting a detailed plan, and partnering with professionals at Altus Capital Group. Begin your investment journey today by calling at (707) 932-5887.

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  • Tips for finding a private lender that aligns with your investment goals
  • Keyword focus: private lender, real estate investment

Real estate investors often turn to private lenders for financing options that traditional lenders cannot provide. Private lending allows investors to access funding quickly, with less stringent qualification requirements and more personalized service. However, with so many private lenders to choose from, finding the right one for your real estate investment needs can be a daunting task. In this article, we will provide a guide on how to find the right private lender for your specific investment needs.

Do Your Research

The first step in finding the right private lender is to do your research. Start by identifying potential lenders in your area or online and take the time to read up on their reputations, loan terms, and customer reviews. Look for lenders with a track record of success in your specific niche, such as fix-and-flip loans or commercial real estate financing.

Check Credentials

Once you have identified potential lenders, the next step is to check their credentials. Make sure the lender is licensed and registered with the appropriate state or federal authorities. You can also check with the Better Business Bureau or other consumer watchdog groups to ensure the lender has a good reputation.

Review Loan Terms

When reviewing loan terms, pay close attention to interest rates, repayment terms, and any fees associated with the loan. Make sure the terms are competitive and fit within your investment strategy and goals. Be sure to compare multiple lenders and their loan terms to find the best fit for your investment needs.

Ask for Referrals

Another way to find the right private lender is to ask for referrals from other real estate investors or professionals in the industry. Word of mouth can be a powerful tool in finding a reputable and reliable lender. You can also attend networking events or join real estate investment groups to connect with other investors and professionals who may have recommendations.

Consider Communication and Customer Service

Communication and customer service are important factors to consider when choosing a private lender. Look for a lender who is responsive to your inquiries and provides timely updates throughout the loan process. A lender who is easy to communicate with and provides excellent customer service can make a significant difference in the success of your investment.


In conclusion, finding the right private lender for your real estate investment requires careful research and consideration. Start by doing your research, checking credentials, reviewing loan terms, asking for referrals, and considering communication and customer service. By taking the time to find the right lender, you can access the financing you need to succeed in the competitive world of real estate investing.

If you are looking for a quality private money lender in Northern California, give Altus Capital Group a call at (707) 932-588.

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For those who might not be eligible for typical bank loans, private money lenders can offer an alternate source of financing. To make sure you’re working with a respectable and trustworthy partner, it’s crucial to carefully investigate possible lenders. This blog post will discuss specific questions to ask potential private money lenders.

Before choosing a private money lender, ask the following questions:

  1. What are the terms and interest rates for your loans? Be sure you comprehend the loan’s conditions before accepting any funds. Inquire about the loan’s interest rate, payback plan, and any additional costs.
  2. Which kinds of real estate do you normally finance? Residential, commercial, and industrial buildings are among the many sorts of properties that private money lenders frequently focus on. You can decide if a lender is a good fit for your particular project by learning more about their area of expertise.
  3. What background do you have in lending? Working with a knowledgeable lender can provide you the assurance that they are familiar with the loan procedure and can help you navigate it.
  4. Are references from prior borrowers available? You can get a feel of the lender’s reputation, communication style, and general satisfaction with their lending experience by speaking with prior borrowers.
  5. What is the procedure for underwriting? Knowing how the lender assesses loan applications will help you figure out whether you have a good chance of being accepted and what evidence will be needed.
  6. What is the projected funding schedule? You can make the necessary plans and adhere to any project deadlines by being aware of how quickly you may anticipate receiving the funds.

Making the right choice for a private money lender can be essential to the success of your enterprise. You can be sure you’re working with a respectable and trustworthy lender who can meet your loan needs by getting the answers to these crucial questions. To discover the best lender for your particular project, spend some time researching and screening candidates.

If you are looking for a quality private money lender in Northern California, give Altus Capital Group a call at (707) 932-588.

A Beginner's Guide to Bridge Loans

Bridge loans are defined different depending the context. For some, a bridge loan is a short-term loan that helps the borrower meet their short-term liquidity requirements while they try to secure permanent financing. For others, it can bridge a time period gap while improvements are made to the property or its finance ability. Banks and private money lenders, such as Altus Capital Group, offer bridge loans to their borrowers.

What is a Bridge Loan?

Bridge loans, also known as swing loans, may be used by homeowners who want to buy a new house before selling their existing property and need to make a down payment on their new home. They can also be used by businesses that need to cover operating expenses while trying to secure long-term funding. However, the most common use of bridge loans is by real estate investors who need to close quickly and with confidence with financing that can be in place through the improvement or repositioning stages of a real estate project. Bridge loans usually have higher interest rates than traditional long-term loans.

Most bridge loans are secured by the underlying real estate. The loan to purchase price (or in some cases valuation) varies by the type of real estate being offered as the collateral. For a single family residence, a bridge loan may provide all the way to 80% of the capital needed for purchase, while only providing less than 50% of the funds needed on a land purchase.

Bridge loans are typically offered with 1 to 2 year terms, but may be shorter in term and in some cases can be as long as 3 or 4 years.

Some bridge lenders will base the The loan amount depends on the borrower’s credit history income. In those cases the bridge loan qualification criteria may include an excellent credit score and a low debt-to-income ratio. Other bridge lenders, including most private lenders, are more focused on the collateral offered for the loan and the ensuring a safe loan to value ratio based on the collateral and the likelihood of default.

When to Use a Bridge Loan

  • Want to buy a new home, but the seller won’t accept your offer until you sell your current home.
  • Want to close on a new house before selling your current property.
  • Cannot afford a down payment on your new home without first selling your existing property.
  • Fix and Flip properties
  • Distressed real estate purchases
  • When a short escrow period is required
  • When not wanting to deal with the intrusive underwriting required by traditional lenders.

Private Money bridge loan interest rates vary depending on the asset quality, the loan to value, and to a lesser extent, the borrower’s creditworthiness. Additionally, interest rates will adjust with economic activity and interest costs in the broader economy. Real estate bridge loans current have interest rates ranging from 9 – 12%. Interest rates for business bridge loans usually range from 15-24%. Other costs include closing costs and administrative and legal expenses. Bridge loan closing costs, loan fees, and processing fees usually range from 2.5-4% of the total loan amount.

These costs usually include the following:

  • Escrow fee
  • Appraisal fee
  • Loan origination fee
  • Title policy costs
  • Notary fee
  • Document Preparation Fee

Bridge Loan Benefits:

  • Borrowers get immediate access to cash
  • The terms of a bridge loan can be tailored to the needs of the borrower
  • Faster approval and closing
  • Bridge loans can help business owners ensure smooth sailing while they try to secure long-term financing
  • Creative structuring to maximize borrower value

Altus Capital Group is a leading real estate lending company serving Rohnert Park. They are committed to expanding access to finance for real estate investors and offer tailored loans to borrower’s needs. To make an appointment, call (707) 932-5887.