We’re bringing personal relationships back to the hard money lending business. We move fast and close more deals because we create confidence in every partnership.
“For the past decade, Maggio Capital has provided very competitive financing solutions with unparalleled customer service. Our reputation speaks for itself and we appreciate the opportunity to help people.”
–Carl Maggio, Founder
Equity-Based Residential & Commercial Real Estate Loans in California.
Maggio Capital is an Orange County hard money lender. We make stated income, equity-based loans for borrowers who can’t qualify for a bank loan or who simply need capital quickly. Approval requirements are based on equity in a residential or commercial property in California and the purpose for the loan. We specialize in 1st and 2nd position loans from $31,000 to $5,000,000 for up to 5 years.
Orange County Hard Money Loans
- No Credit Score Requirements
- No Income Requirements
- No Bank Statements
- No Tax Returns
- No Debt to Income Requirements
- Very Competitive Rates
- Self-Employed Borrowers
- Individuals, Trusts, Entities
- Short Sale or Foreclosure
Why Choose Maggio Capital for Your Hard Money Loan?
From Our Clients:
Maggio Capital Streamlined Loan Process
Apply online or call to speak to a decision maker.
Receive your loan approval within 24 hours.
Most of our loans are funded in less than 10 days.
All loans are secured by residential and commercial properties located in California.
Single Family Residences, Condos, 2-4 units
Multi-Family 5+ Units, Apartment Buildings
Office, Retail, Industrial, Mixed-Use
What are the benefits of a Hard Money Loan?
One of the most significant benefits of utilizing our Orange County hard money financing is how quickly you can receive your funds. Whether you are thinking about purchasing an investment property or pulling cash-out from either your owner or non-owner-occupied property for a business purpose, hard money loans move much quicker than banks.
So why is obtaining a hard money loan much quicker than that of a traditional or conventional loan? The first part that speeds up the process is the minimal documentation a hard money lender needs to underwrite a loan scenario. Most hard money lenders only need a property address, loan amount and the purpose of the loan to give a firm quote. In contrast, banks who have shareholders to answer to can require tax returns (both personal and or business), bank statements, profit and loss statements, etc.
Fast Hard Money Loan Approval
The speed of obtaining a hard money loan is such a large benefit that even when some people are capable of securing traditional financing from the bank, they still side with a hard money loan because they do not have the time for the banks stringent underwriting process. In the very competitive housing market in Orange County, purchase offers have to be very aggressive to get accepted. Real estate investors will use private money loans to purchase their investment properties so that they can write shorter escrows, thus making their offer that much more appealing to the seller and their agent. Think about it, if you are selling your home and the multiple offers look relatively the same regarding price, down payment, etc., but one has a 15-day escrow, and the other has a 45-day escrow, which one would you accept? Depending on the circumstances, chances are you would likely take the shorter escrow to close on your transaction quicker. This is one-way many real estate investors, and real estate agents utilize hard money loans for their benefit. After the investor obtains the property, they can begin their refinance process into a lower interest rate, permanent loan or whatever the case may be since they already own the property and can shop for the best financing options available in the marketplace.
Another way that the expediency of a hard money loan can be utilized is by preventing a client from losing a property that they already own. Hard money lenders offer foreclosure bailout loans on investment properties depending on the circumstances. Perhaps the tenant moved out resulting in loss of income, the property has too much-deferred maintenance to generate revenue, or the property owner has fallen on hard times and can’t bring the loan current. Whatever the case may be, hard money lenders understand that unfortunately, these things do happen. If there is enough equity in the investment property, a hard money lender can do a rate and term or even a cash-out refinance to avoid a trustee’s sale and help the borrower get their investment property back on track. Speed is just one of the many benefits of utilizing hard money, and if it is used correctly, it can be a great short-term financing option for many investors who need to close in a hurry.