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Burbank's investor market moves fast. Studios expand, old buildings get flipped, and properties near the Media District change hands quickly.
Hard money loans close in 7-14 days. That speed matters when you're competing for distressed properties or need to move before equity evaporates.
Most Burbank deals we see involve cosmetic rehabs on single-family homes or small multifamily conversions. The loan covers acquisition and renovation in one package.
These loans run 6-24 months. You're paying for speed and flexibility, not long-term affordability.
Hard Money Loans in Burbank
Lenders care about the property, not your W-2. They fund based on after-repair value (ARV), not your credit score or income documentation.
Expect to put down 20-30% of purchase price. Your exit strategy matters more than your employment history.
Most lenders want 620+ credit and some real estate experience. First-time flippers face higher rates or require partners with track records.
The property itself is collateral. Lenders evaluate location, condition, and realistic ARV before approving terms.
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options in Burbank.
Burbank's investor market moves fast. Studios expand, old buildings get flipped, and properties near the Media District change hands quickly.
Hard money loans close in 7-14 days. That speed matters when you're competing for distressed properties or need to move before equity evaporates.
Most Burbank deals we see involve cosmetic rehabs on single-family homes or small multifamily conversions. The loan covers acquisition and renovation in one package.
We work with 30+ hard money lenders across California. Each has different appetites for property types, loan amounts, and borrower profiles.
Some lenders cap at $2M. Others fund up to $10M on the right deal. Geographic focus varies—some avoid certain Burbank zip codes entirely.
Rates run 8-15% with 2-5 points upfront. Your rate depends on property condition, experience level, and loan-to-value ratio.
The cheapest lender isn't always best. We've seen deals die because a lender with great rates couldn't close on time.
Most borrowers overpay because they call one lender and accept the first offer. We shop your deal across our network and negotiate terms down.
Your renovation budget determines success. Underestimate costs and you're stuck with an unfinished property and a maturing loan.
Exit strategy matters from day one. Lenders want to see proof you can refinance into conventional or sell within the term. No exit plan means no approval.
Burbank permits take 4-8 weeks. Factor that into your timeline. We've seen investors burn three months of interest waiting on city approvals.
Bridge loans offer similar speed but lower rates (6-10%). They work if you have existing equity but need quick access to cash.
DSCR loans make sense if you're buying a rental that won't need major work. Rates around 7-9% with 30-year terms, but closing takes 3-4 weeks.
Construction loans fund ground-up builds. They release money in stages and require detailed budgets. Hard money is faster for simple rehabs.
Hard money costs more but closes faster than any alternative. Use it when speed creates opportunity or delay kills the deal.
Burbank's strong rental market supports quick exits. Properties near studios and Warner Bros headquarters rent immediately after renovation.
The city enforces strict building codes. Your contractor needs Burbank-specific permit experience or you'll face delays and cost overruns.
Neighborhoods near downtown and Magnolia Park see consistent investor activity. Older housing stock creates steady flip opportunities.
Competition from LA investors is real. Cash buyers dominate, which is why hard money's speed levels the playing field.
Most deals close in 7-14 days once property valuation is complete. Some lenders can fund in 5 days for simple transactions with clean title.
Lenders typically fund up to 70-75% of after-repair value. Loan amounts range from $200K to $10M depending on property and lender appetite.
Yes, but expect higher rates or lower LTV. Some lenders require you partner with an experienced investor or general contractor.
You'll need additional capital or a loan modification. Always build 20% contingency into your budget to avoid mid-project funding gaps.
Most investors refinance into DSCR loans for rentals or sell after renovation. Plan your exit before closing the hard money loan.
Yes. Interest accrues during permit delays. Coordinate with experienced local contractors who know Burbank's building department process.