Hard Money Loan Application
Hard Money FAQs
Hard Money Letter Of Credit



California Hard Money for Investors

The Norris Group provides millions in California hard money for professional real estate investors every month. Since 1997, we've enjoyed a proven track record of quality real estate investments and are committed to making the process easy and fast. We provide non-owner occupied hard money loans for single family properties (1-4 units) all over Southern California. Our investors are in Riverside, Los Angeles, San Diego, Long Beach, Bakersfield, Anaheim, Santa Ana, Riverside, Chula Vista, Fremont, Irvine, San Bernardino, and beyond!

California Hard Money Terms

Rate Sheet
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Rehabber Hard Money Program Rental Refinance Hard Money Program Rental Purchase Hard money Program Build to Flip Hard Money Program
  Rehabber/
Flipper
Refinance
Rental
Rental Purchase Build to
Flip
Term of Loan:
1 Year  5 Year  5 Year   1 Year
Interest Rate:
9.9-11.5%*  9.9% 9.9% 12.9%*
Prepayment Penalty:
NONE 1 Year 1 Year NONE 
Loan to Value:
65%
ARV MAX
 65%
LTV MAX
 65% 
ARV MAX
 60-65% 
Future Value
Points:** 2 to 2.5 Pts
(mininum $2,500) 
2 to 2.5 Pts
(mininum $2,500) 
2 to 2.5 Pts
(mininum $2,500)  
2 to 2.5 Pts
(mininum $2,500) 
Misc. Fees: $1,095 $1,095 $1,095 $1,095
Appraisal Fee: $375-$400 $375-$400 $375-$400 $375-$400
Modification Fee: N/A N/A $500 N/A
Building Inspections: N/A N/A N/A Managed by fund control. Roughly 1% of construction costs.
Entities: OK OK OK OK
IRA Loans: OK OK OK OK
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* 0.4% additional interest if investor is not opted in for direct deposit.
** Minimum $2,500 fee for orgination on all loans.
Discounted points apply only to Rehabber Loan.
All loan programs subject to change.
 

California Hard Money Loan Program

The Norris Group's private money/hard money loan programs are designed for California real estate investor professionals. Our reliable hard money loan programs make the process of investment funding fast and easy.  In fact, our simple loan process enables our clients to close their purchases in as little as 10 business days!**  We work with investors buying REOs, short sales, real estate auctions, trustee sales, trustee sale refinances, private party, and even residential construction projects.

As a CA hard money lender, our program focuses on single-family residential property (1-4 unit) in Southern California including Los Angeles County, San Diego County, Orange County, Riverside County, Ventura County and San Bernardino County. As well as nearby Rubidoux, CA, Pedley, CA, Glen Avon, CA Grand Terrace, CA, Bloomington, CA, Norco, CA, Moreno Valley, CA, Bloomington, CA, Norco, CA, Moreno Valley, CA, Mira Loma, CA, Loma Linda, CA and  Redlands, CA. And, you can now offer leverage inside your self-directed IRA and solo 401(k) accounts thanks to our non-recourse loans. 

Trusted Hard Money Lender

Since 1997, The Norris Group has funded well over $350 million dollars to investors which have resulted in millions of dollars in profit for our clients. From start-up investors who are looking to get into the real estate marketplace to the seasoned investors who invest multiple times per year, we have both the funding capacity available and the professional resources to meet your needs.

Get Your Hard Money Loan or Letter of Credit Today

Whether you have a property you need funding for now or need a letter of credit to submit with your offers, start by filling out our secure online loan application. 

Free Investor Training

Try our hard money loan program and we’ll give you access to our California Only Investor Training Portal. All you need is an Internet connection and a computer, tablet and/or mobile device to enjoy our award winning investor training, discounts, and economic newsletter. Learn more about how to get free training.

 

Direct Deposit: All loans not enrolled in our Direct Deposit Program will have an additional interest rate of 0.4% for the short-term loan programs (11.9% compared to 11.5% on direct deposit). Direct deposit allows us to greatly automate servicing to focus more on origination. It also allows you to not worry about monthly mailings. It's our way of going green and saving green for both sides of the equation. When you come in to sign new loan docs, simply bring in a voided check.

Note: Our 10 business days are for our Fix and Flip Program. The Norris Group is often better equipped to close faster than most banks can handle. However, a quick closing is completely dependent on the real estate investor giving complete escrow instructions in a timely manner, completely signing and returning docs on time, and keeping us informed of all changes. In addition, when using entities, investors must have all correcting paperwork for the entity. For faster service, investors should fill out a loan application online and be pre-qualified with The Norris Group. It's easy, fast, and saves time. Closing time for long-term and construction projects will take longer depending on volume of fix and flips which take priority. Call for expected timeframes. 

FOR YOUR LOAN NEEDS

Craig_Hill.jpg

Craig Hill, Loan officer
Tel: (951) 780-5856
Fax: (951) 780-9827

Craig Hill has over 30 years experience in the Mortgage Business. Craig met Bruce Norris in 1990 and started funding his purchases, along with other investor purchases. Craig and his loan administrator of 30 years, Robyn Alhadeff, joined The Norris Group in 1996. Together they started our hard money loan service for the Norris Group. Our team has since grown to more quickly process and fund every transaction that comes through our doors. See our trust deeds to learn how you can earn 9% investing today.

 

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The Norris Group 1845 Chicago Avenue, Ste C, Riverside, CA 92507 Tel:(951) 780-5856 Fax: (951) 780-9827 E: info@thenorrisgroup.com
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