What is Hard Money or Private Money Loans? How to Get Hard Money Loans?

A Hard Money Loans is a specific type of asset-based loan financing through which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued by private investors or companies. Interest rates are typically higher than conventional commercial or residential property loans because of the higher risk taken by the lender. Most hard money loans are used for projects lasting from a few months to a few years.

Private Money Loans is commonly used term in banking and finance. It refers to lending money to a company or individual by a private individual or organization. While banks are traditional sources of financing for real estate, and other purposes, private money is offered by individuals or organizations and may have non traditional qualifying guidelines. There are higher risks associated with private lending for both the lender and borrowers.

Los Angeles Hard money lenders are lending companies, or individuals, offering a specialized type of collateral backed loan. Los Angeles Private Hard Money Lenders tend to lend short-term loans (also called bridge loans) that provide funding and or cash, based on the value of the collateral. Hard money lenders and Investors can and will utilize all types of collateral- residential properties, commercial properties, vacant land, vehicles, etc. to complete the loan. Hard money lenders tend to focus on the value of the collateral and sometimes borrower's ability to repay the loan, FICO score, debt to income balance; instead of based on their own personal income or other assets, as is common with traditional conventional lenders. Hard money lenders typically charge much higher interest rates and fees than banks because they fund deals that do not conform to bank standards such as verification of borrower's income, assets, or credit score. Stated income commercial lenders do not use tax returns for loan qualifications.

We provide Hard Money 1st Mortgage, 2nd Second Mortgage Loans & 3rd Mortgage Liens. 2nd  Second mortgages and 3rd position Loans are riskier for lenders and thus generally come with a higher interest rate than first mortgages. This is due if the loan goes into default, the first mortgage gets paid off first before the second mortgage.

We Also provide hard money loans for Rehab, Fix & Flip loans, Bridge Loans, Construction Loans, Transaction Funding, Blanket loans. If you are self employed we offer stated income loans, No doc loans, and bank statement loans.

Los Angeles is the most populous city in the state of California and it is the main center of business and international trade. City of Los Angeles is also known by its initials L.A. Los Angeles is a global city with a diverse economy in entertainment, culture, media, fashion, science, sports, technology, education, medicine and research. There are 88 cities in Los Angeles County, California. Each city has a mayor and a city council. The Los Angeles county contains more than one quarter of all California residents and is one of the most ethnically diverse counties in the U.S.

We have access to hundreds of private hard money lenders & investors in Los Angeles, San Diego, Riverside, San Bernardino, Fresno, Bakersfield & Orange County and almost all California. We service as mortgage brokers in Los Angeles and all California.