Southern California bridge loans.
Coastal, Westside and luxury buyers across Southern California.
Coastal, Westside and luxury buyers across Southern California.
Do you lend in Southern California?
Yes. Golden Gate Lending Group lends throughout Southern California, from the Westside and the coast to Santa Barbara, Montecito and the luxury pockets of San Diego.
High values, low inventory in the pockets people want, and a great deal of cash in the market. A contingent offer competes badly against all of it.
The pain points here are the ones we see everywhere: the right house appears rarely and goes quickly, buyers are competing against cash, and a great deal of wealth is sitting inside a home that has not sold yet.
Luxury Southern California moves on the same logic as any other high-value market. The equity in the home you own is what lets you buy the next one before it sells.
Where inventory is short and buyers are competing with cash, an offer that depends on selling something else is the one that gets set aside.
Beverly Hills · Bel Air · Brentwood · Malibu · Santa Monica · Pacific Palisades · Santa Barbara · Montecito · Manhattan Beach · Hermosa Beach · Newport Beach · Laguna Beach · La Jolla · Del Mar · Rancho Santa Fe
Not an exhaustive list. If your town is not here, ask.
One of our recorded transaction from this part of California.
The areas listed above are where we work most often, not a limit, and they run from Santa Barbara and Malibu through the Westside to Newport Beach, Laguna and La Jolla. If yours is not listed, ask.
Typically 65 to 70 percent measured across both properties, less what you still owe. The calculation is the same in Newport Beach as it is in Marin. The buying power qualifier works it out in about ninety seconds and asks for no contact details until after you have seen the number.
No. Being based in the north does not change the terms, and the file is assessed the same way it would be in Marin. Lending is statewide under the same California license.
For the same reason they lose in Marin: high values, low inventory in the pockets people actually want, and sellers with enough choice to discount an offer that depends on another sale closing first.
Coastal and Westside buyers, lent on the same basis as the Bay Area, most often homeowners who want to buy the next place before putting their current one on the market.
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Golden Gate Lending Group Inc. · California DRE #01405277 · NMLS #241012 · Equal Housing Opportunity. Loans are made or arranged pursuant to a California Department of Real Estate license. This site is not a commitment to lend, and all loans are subject to underwriting and property approval.
