Hard Money Lenders Los Angeles, CA

Hard Money Lenders Los Angeles, CA

If you’ve been California dreaming about a commercial or residential real estate venture, there’s no better time to dive into the market than now. Whether you’ve got your sights set on a sunny Pacific Palisades fix and flip or an urban Culver City community complex, sourcing the capital you need to make your big ticket visions a reality is made possible with Source Capital.

We’re here to help you access the funding you need with terms and conditions that suit your demands. Boasting over 65 years of expertise and experience with hard money lending, Source Capital has funded over $400 million in commercial and residential loans. Our impressive history of rapid closing and fast funding has made us one of Los Angeles’ most trusted private hard money lenders.

Have a specific question in mind? Use the links below to find your answer:

How are hard money loans in Los Angeles structured?

How can I get approved for a hard money loan in Los Angeles?

What kind of properties can I get a loan for in Los Angeles?

How much does a hard money loan cost in LA?

Can I get a hard money loan in Los Angeles with low credit?

How are hard money loans in Los Angeles structured?

In a sea of competitors, Source Capital’s Los Angeles hard money lenders reign supreme with our unbeatable hard money loan terms. In addition to being fair and cost-effective, our Los Angeles hard money loans are structured very differently from conventional bank loans to best optimize your funding needs.

While the exact terms of your loan agreement will vary per property, you can expect the following structure for your Los Angeles hard money loan:

• Financing for as little as $20,000 or as much as $5,000,000
• Loans up to 70% LTV
• Origination fees from 1.75%
• Fixed interest rates starting at 7.99%—far lower than Los Angeles’ 10.4% average interest rate
• No minimum credit score or minimum income
• No “junk” fees
• No prepayment penalties
• Short-term agreements ranging from 1 to 3 years

At Source Capital, we understand the real estate business and the many variables involved to get a project off the ground. Whether you’re looking for hard money loans in Modesto or Riverside hard money loans, complex investments and financial transactions are the name of the game, and we are committed to making operations as painless as possible. Our hard money loan structure eliminates the fuss factor and puts you onto your pathway toward real estate success.

How can I get approved for a hard money loan in Los Angeles?

Interested in applying for a hard money loan? Source Capital’s hard money lenders in Los Angeles, CA make applying and approval easy work. Our online preapproval application only takes about 10 minutes to fill out and complete. After submission, one of our expert decision-makers evaluates your proposal and loan request. Within 24 hours of your submission we will get back to you, and upon approval, we will send along a written offer detailing the terms of your loan payment plan.

Within 10 days of official deed issuance, we will wire the funds to your account—letting you close the deal on your desired property faster than any competitor lender.

Regardless of whether you have limited income, low credit score, past foreclosures, or past bankruptcies, we can work with you. Since we are more interested in property equity, your former financial burdens are nonfactors. That means being approved for a hard money loan is fast as it is simple.

What kind of properties can I get a loan for in Los Angeles?

Source Capital is the proud financier for a number of Los Angeles-based non-owner occupied business-related properties. These many properties traverse several residential and commercial property classifications, including:

Residential properties:

• Fix and flip properties: remodels, renovations, buy and holds
• Single-family, duplexes, triplexes, and quadruplex homes
• Apartments
• Condominiums

Commercial properties:

• Multi-family units: planned communities and complexes
• Office spaces: business, executive suites, medical offices
• Industrial zones: distribution centers, manufacturing factories, warehouses 
• Hospitality centers: hotels, motels, restaurants

How much does a hard money loan cost in LA?

The average hard money loan in Los Angeles is $312,917. The exact price of your hard money loan largely depends on the lender you choose and the property you’re interested in purchasing. For novice and seasoned borrowers, Source Capital proudly offers competitive rates on all of our hard money loans in Los Angeles, so you can get the funding you need at a price that doesn’t break the bank or put your dreams on hold.

Can I get a hard money loan in Los Angeles with low credit?

When you work with Source Capital, there are no minimum credit requirements to get approved for a hard money loan in Los Angeles. And, unlike many traditional lending institutions, we don’t impose any income threshold requirements either. Even if you have low credit, you can still chase your real estate business dreams.

So, what’s the catch? Rather than completing intrusive credit and background checks to assess your financial history, hard money lenders focus on your real property. Hard money loans are asset-based, meaning property, such as real estate, retirement accounts, home equity, or even cash, can be used as collateral in the event of default.

With the median home price in Los Angeles at an eye-popping $650,000, it’s absolutely crucial that any ambitious real estate entrepreneur find a lender who will approve you, even with a low credit score. Fear not, Source Capital’s team of private investors are here to help you get the financing without any of the stress or headache.

Why choose Source Capital?

At Source Capital, we are dedicated to providing clients with the finances needed to transform their real estate ventures into profitable properties. We work with clients quickly and transparently to ensure their big-ticket projects are adequately subsidized. As one of the most reputable hard money lenders in Southern California, you can count on Source Capital to deliver the expert efficiency and financial security your project deserves.