Optimus Capital just recently closed on a loan in the city of Fair Oaks, California. While searching for available hard money loans, the investor reached out to us for financing. This real estate investor had previously experienced poor results from other hard money lenders. We rapidly began working with him in structuring his loan to meet his investment goal. While also providing him with the best hard loans available in a fast and efficient manner.
By being backed by institutional-level investors, it has allowed us, Optimus Capital, to provide reduced cost of our residential property loans compared to other hard money lenders. This allows us to pass the savings on to you with lower interest rates and fees in order which will maximize the benefits we offer to you. We believe that in building strong relations with our clients. We hope to get the opportunity to continue providing you with financing on your next project or rental portfolio.
Hard Money Loans Sacramento
We at Optimus Capital work tirelessly so that our borrowers receive the best hard money bridge loan possible. We are not like other hard money lenders. Having purchased hundreds of properties ourselves; we under the unique needs that each real estate investor has. We have encountered nearly every possible situation and outcome in our deals, therefore we hold a wealth of knowledge and experience to pass on to our real estate investor clients.
We have closed many hard money loans in Sacramento for single family non owner occupied property owners. Our real estate investors have continuously returned to us to obtain hard money loans, quick closing and great service.
Living in Sacramento
California is packed with desirable places to live. While other destinations might be more popular, moving to Sacramento is actually an ideal choice for folks looking to move out west. The city of Sacramento is home to approximately 500,000 people. Although the city limits may be smaller, there are an additional 1 million residents settled in the outlying suburbs of Sacramento County.
Sacramento has an electric mix of neighborhoods, some safer and more desirable than others. Midtown Sacramento is a fast – paced youthful environment with hipsters and young working professionals. The housing market is equally varied. East Sacramento is an upscale section of town that has one of the higher prices per sq ft in the city. This area is home to doctors, attorneys, lobbyists and business owners. South Land Park is primarily 1950’s ranch style homes which are located just four miles south of the state capital. College Greens is home to Sac State, but isn’t necessarily just a college town. It offers more home and yard space that you would find in Midtown.
The greatest weather-related advantage to living in Sacramento is the ability to have changing seasons. People in Sacramento can enjoy subtle weather changes that make each season unique.
The housing market varies between neighborhoods. A basic entry level single family home starts around $300,000. To compare, the total cost of living for Sacramento is 5% above the national average. Before you think that is high, consider moving to Los Angeles, which has a cost of living 21.5% above the national average.
Not only is Sacramento the Capital of California, but is also where the Optimus Capital headquarters is located.
Below is the general overview of the hard money bridge loan:
- Single Family Property
- Loan Type: Purchase + Rehab Bridge Loan
- Purchase Price: $400,000
- Rehab Amount: $40,800
- Loan Amount: $360,800
- ARV: $510,000
- Loan to Value: 80%
- Rate: 8.45%
- Vested Title: Entity
- Experience: 8+ Past Transactions
The subject property is a 3 bedroom 2.5 bath single family home located in Fair Oaks CA. It has over 2119 square feet. The house has a pool located in the back yard which is being re-plastered. The house is located in Sacramento county and has schools nearby. The real estate investor has plans to remodel the property. New paint will be applied along with updating the kitchen and bathrooms. The borrower has plans to update the plumbing, electrical, and roof.
This single family property is located in the Lake Knoll Estates neighborhood in Fair Oaks CA. This neighborhood has mostly mid-sized homes that are reasonably priced. Lake Knoll Estates is a well established community that attracts home buyers from around Sacramento, CA. Families relocate from Sacramento to Fair Oaks to get away from the hustle and bustle of the big city. Fair Oaks is a friendly community with great schools.
Optimus Capital hard money loans Sacramento allow borrowers to purchase, finance, and acquire solid single family property deals which they intend to remodel the properties. Optimus Capital allows them to save money with lower interest rates and reduced fees.
Optimus Capital hard money lenders allow for flexibility, lower rates and higher rates of return because of our institutional level investing and customer-centric investor mindset. The more money we can save you in finance charges, the more you have to invest.
Fair Oaks is one of the most desirable places to live in the Sacramento region. It has a population of about 40,000. The Fair Oaks zip code is 95628. It is located between Sacramento and Folsom and has the American River to the south side. The approximate area of Fair Oaks is 10 to 11 square miles. The town center is called Old Fair Oaks Village. Gavin Newsom the current governor of California called Fair Oaks home. Other notable people who have called this beautiful place home include the following:
- Barbara Alby (former California Assemblywoman)
- Matt Barnes (professional basketball player)
- Delvin Countless (professional soccer player)
- Steve Cronin (professional soccer player)
- Matt Walbeck (used to play for the Chicago Cubs and coached the Texas Rangers)
- Andy Fox (former shortstop for the Arizona Diamondbacks. He also coached the Florida Marlins)
- Taylor Graham (professional soccer player)
- Joan Lunden (former host of Good Morning America)
- Roger Niello (California Assemblyman and founder of Niello Motors)
- Nicholas Sparks (author of The Notebook, A Walk to Remember and Dear John)
Bestplaces.net has called Fair Oaks one of the best places to live. The job growth is positive. The cost of living is 35% higher than the U.S. average. The median home cost is $455,000. Homes has appreciated in the last 10 years about 5.5%. Fair Oaks has excellent schools, churches, and leisure nearby at the American River.
Hard Money Loans Sacramento
Neighborhoods in Fair Oaks California include:
- Fair Oaks Village
- Fair Oaks Glen
- Phoenix Field
- Curragh Downs
- Shady Knolls
- Maryam Estates
- Sunset Heights
- Canterbury Pointe
- Highland Hills
- Livoti Place
- Sunset Oaks
- Frontier Greens
- Mills Dahlberg
- Doneva Estates
- Country Oaks
- Sunset Place
- Ramzi Hills
- Olive Grove Estates
- Buena Vista Gardens
- Estey Estates
- Sierra Park
- Paris Ranch Estates
- Brainerd Estates
- Phoenix Hills
- Painter Ridge Estates
- Rolling Estates
- Mortenson Estates
- Livoti Estates
- Olive Street
- Sunrise Hills
- Sunset Park
- Sleepy Hollow
- Sunset Gardens
- Fair Oaks Vista
- Phoenix Ridge
- Curragh Oaks
- Bella Vista Manor
- Tamara Acres
- Phoenix Meadows
- Sunset Hills
- Woodridge Estates
- Turner Estates
- Hoover School
- Northridge Green
- Northridge Executive Condo
- Winding Way Village
- Chicago Heights
- Shady Hills Estates
- Lake Natoma Heights
Hard Money Loans Sacramento
As one of the top hard money lenders, Optimus Capital is here to assist and help you close your next hard money loan during Covid-19. Our team is working diligently daily providing funding quickly for our investors during these difficult times.
Optimus Capital Nationwide Programs has competitive rates and low-cost fees. We welcome you to complete our pre-app and let us know about your next investment project. Our team of professionals would then schedule a call to discuss any loan scenario and questions that you may have. The Optimus Capital team is available by phone, email or text. We look forward to a mutually beneficial long-term relationship with you and your team.
Our hard money loans Sacramento provide real estate investors a bridge loan access to capital for a short period of time. Usually this period of time or “term” is between 12 to 24 months. A hard money bridge loan from us can be used to purchase or refinance a single family home which is non owner occupied. This means that the property is or will be acquired as an investment property. Learn more about our Investment Property Loans here.
We strive to be one of the top hard money lenders in our space. We have designed our company and programs with You in mind.
As investors ourselves, we understand the importance of obtaining financing quickly and efficiently. Feel free to complete our quick application below and tell us a little more about the project that you would like to get funded so we can guide you to the loan product that fits your specific needs. Should you need “as-cash” approval letters on your next offer, contact us at Optimus Capital hard money Sacramento.
Optimus Capital provides the best hard money loans.