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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.
Hard Money Loans in Calabasas
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.
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options 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.
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.