HML's in SF bay area

I am having a tough time finding any hard money lenders in the SF/Oak. bay area that will lend based solely on equity as collateral. The ones I have found check credit and/or need proof of income. Does anyone know of any HML’s in the bay area that will lend only on the equity in the property? Please help.

Brian :help


While a private money lender will lend based on the available equity in the property, they will also need to ascertain the borrower’s debt load and obligations, to assess likelihood of debt repayment. With a good asset for collateral, less weight will be given to the credit history and FICO scores, especially if there is a reasonable explanation for the cause of the negative reporting.

It will ultimately depend of the strength of the asset. In your particular scenario how strong is the asset/equity position?

Daniel Agakian