1st COMMERCIAL and its exclusive cadre of private investors are a direct portfolio lender founded by a family of experienced real estate investors in 1979. Now one of Californias oldest and trusted hard money lenders 1st COMMERCIAL is focused on equity-based, non-consumer lending secured only by first Trust Deeds and Notes on California Real Estate.
We are unique in that we do not fractionalize or pool the hard money loans that we fund, just one investor for each loan. We aren't burdened with the complex compliance layers necessary with the other methods. This structure isn't as profitable for us as the other ways of stacking capital but you will certainly appreciate our speed and pricing. We can usually deliver a quote within one day and close in as little as five days.
It is not legal in California to lend without a license obtained through the Department of Corporations (CFL) the California Department of Real Estate (DRE) or Division of Financial Institutions (DFI).
We are unique in that we do not fractionalize or pool the hard money loans that we fund, just one investor for each loan. We aren't burdened with the complex compliance layers necessary with the other methods. This structure isn't as profitable for us as the other ways of stacking capital but you will certainly appreciate our speed and pricing. We can usually deliver a quote within one day and close in as little as five days.
It is not legal in California to lend without a license obtained through the Department of Corporations (CFL) the California Department of Real Estate (DRE) or Division of Financial Institutions (DFI).
Services
You may have good credit but need money quickly for such purposes as an immediate investment opportunity, a tax-deferred exchange requirement or other situations which are time-critical.
In some cases we can deduct pre-paid interest from your loan proceeds known as an "interest Reserve".
There have always been hard money lenders.
It is termed "hard money" because the loan terms as well as the interest rate are "hard" on the Borrower.
These lenders function in many markets serving the needs of borrowers who are unable, or for some reason, unwilling, to use regular (conventional) bank debt.
In some cases we can deduct pre-paid interest from your loan proceeds known as an "interest Reserve".
There have always been hard money lenders.
It is termed "hard money" because the loan terms as well as the interest rate are "hard" on the Borrower.
These lenders function in many markets serving the needs of borrowers who are unable, or for some reason, unwilling, to use regular (conventional) bank debt.
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