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Hard Money Loans in Calabasas
Calabasas investors use hard money loans for fix-and-flip projects and land acquisitions where speed beats rate. The city's high property values and competitive market make 7-14 day closings worth the premium pricing.
These asset-based loans fund deals that banks won't touch—properties needing extensive rehab, tear-downs, or quick closings against cash buyers. Rates vary by borrower profile and market conditions.
Lenders evaluate the property's after-repair value, not your W-2 income. Most require 20-30% down and base approval on the deal's profit potential plus your exit strategy.
Credit scores above 600 help but won't kill a strong deal. What matters: realistic ARV, proven contractor bids, and clear plans to refinance or sell within 12 months.
Los Angeles County has dozens of hard money lenders, but only a fraction handle Calabasas deals comfortably. High property values here mean many small lenders hit their per-deal caps.
The best hard money sources for Calabasas are regional funds comfortable with $1M+ loans. Avoid lenders who primarily work in lower-price markets—they price Calabasas wrong or decline altogether.
Hard money makes sense in Calabasas when you need to close fast or the property won't pass conventional underwriting. I've seen investors pay $15K more in interest to beat competing offers, then refinance out in six months.
The mistake I see: borrowers treating hard money like a permanent loan. These are bridge tools. If your rehab budget or timeline is shaky, private money gets expensive fast with extension fees.
Bridge loans offer similar speed with lower rates, but they require stronger borrower financials. DSCR loans work for rental properties at better terms, but you're looking at 30-day closings minimum.
Choose hard money when the property itself won't qualify elsewhere—major repairs needed, title issues to resolve, or you're competing against cash. Otherwise, explore DSCR or construction loans first.
Calabasas properties often involve hillside parcels or aging custom homes that need significant updates. Hard money lenders here scrutinize geotechnical issues and hillside construction risks more than in flat markets.
The city's strict building codes and slower permit processes affect your hold time. Factor 60-90 days for permits on major remodels when planning your loan term and exit.
Most lenders want 600+ but focus primarily on property value and your investment experience. Strong deals get approved with lower scores.
Typical timeline is 7-14 days with complete documentation. Some lenders fund in 5 days for borrowers they know with straightforward deals.
No income verification required. Approval depends on property value, down payment, exit strategy, and your track record as an investor.
Expect 9-12% interest plus 2-3 origination points. Rates vary by borrower profile and market conditions based on deal strength.
Yes, but loan-to-value drops to 50-60% on raw land. Lenders want clear development plans and realistic timelines for vertical construction.
Most lenders offer 3-6 month extensions at 1-2% of loan balance each time. Budget for at least one extension when planning costs.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.