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Calabasas buyers face a common problem: finding their next home before selling their current one. Bridge loans solve this timing gap with short-term capital.
Most Calabasas properties move slower than central LA markets. That lag creates opportunity for buyers who can act fast with bridge financing.
You compete better when you're not contingent on a sale. Sellers prefer non-contingent offers, especially in gated communities like The Oaks or Hidden Hills adjacent areas.
Bridge Loans in Calabasas
Lenders look at combined loan-to-value across both properties. You need enough equity in your current home to support both mortgages.
Credit matters less than equity position. Most bridge lenders want 60-70% max LTV when both loans are tallied together.
No income verification on most programs. Your equity does the talking, not your W-2 or tax returns.
Exit strategy matters more than qualifying ratios. Lenders want proof your current home will sell at your price target.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Calabasas.
Calabasas buyers face a common problem: finding their next home before selling their current one. Bridge loans solve this timing gap with short-term capital.
Most Calabasas properties move slower than central LA markets. That lag creates opportunity for buyers who can act fast with bridge financing.
You compete better when you're not contingent on a sale. Sellers prefer non-contingent offers, especially in gated communities like The Oaks or Hidden Hills adjacent areas.
Bridge loans aren't offered by Wells Fargo or Chase anymore. This market moved entirely to private lenders and specialty finance companies.
Rates run 8-12% because you're paying for speed and flexibility. Terms typically cap at 12 months, with six-month extensions available.
Some lenders charge interest monthly. Others roll it into the loan payoff when your property sells. Know which structure you're getting.
Watch for prepayment penalties disguised as extension fees. Not all bridge loans are created equal on early payoff terms.
Bridge loans work best when your current home will sell fast. If you're sitting on a property that's been listed 90+ days, lenders get nervous.
I've seen Calabasas sellers wait too long hoping for peak pricing. Bridge loans have carrying costs. Price your existing home to move.
Some borrowers try to bridge into a fixer upper in Calabasas. That's a mistake. You need a move-in ready purchase or you'll burn through your term doing renovations.
The math only works if you're not underwater on your exit. Run the numbers assuming your current home sells 10% below list to stress test the deal.
Hard money loans fund faster but cost more. Use bridge loans when you have good credit and a clear sale timeline. Use hard money when you have credit issues or complex property situations.
Home equity lines take 30-45 days to fund. Bridge loans close in two weeks. That speed difference wins deals in Calabasas where inventory moves.
Some borrowers consider cash-out refinances instead. That works if you have time and rates make sense. Bridge loans don't care about rates because you're only in them for months.
Calabasas has pockets where homes sit longer than LA averages. The Estates, Park Calabasas, and country club properties can linger if priced wrong.
You're competing with entertainment industry buyers who often have cash from stock options or production deals. Bridge loans level that playing field.
Property tax implications matter here. You'll carry double the tax load during the bridge period. Factor that into your monthly carrying cost.
HOA transfer fees in gated communities add exit costs. Some associations charge $500-2000 to process sales. Include that in your bridge loan exit budget.
Most lenders offer 6-month extensions for a fee. You'll need to show active marketing and realistic pricing. Some require a price reduction to extend.
Yes, but your total LTV across both properties typically can't exceed 70%. The equity in your current home determines how much you can bridge.
Most lenders order desktop or drive-by appraisals for speed. Full interior appraisals only happen if the numbers look tight on combined LTV.
Seven days is possible with clean title and equity position. Ten to fourteen days is typical. Count on two weeks from application to funding.
Sale proceeds pay off the bridge loan first. Remaining equity flows to you. Most lenders coordinate directly with your escrow company on payoff timing.