Loading
Hard Money Loans in Carson
Carson's industrial zones and proximity to ports create strong investor demand for quick closings. Hard money loans fund these deals in 7-14 days when banks take 45-60.
Most Carson hard money deals involve warehouse conversions, multi-unit acquisitions, or rehabs in older residential areas. Lenders focus on property value, not your tax returns.
You need 20-30% down and a clear exit strategy. Lenders want to see how you'll pay off the loan in 6-24 months through sale or refinance.
Credit matters less than experience and equity. A 580 credit score works if you have skin in the game and a solid property. Most lenders cap at 65-70% LTV.
We work with 40+ hard money lenders who fund Carson deals. Rates run 8-12% with 2-4 points upfront depending on property condition and borrower experience.
Some lenders specialize in Carson's industrial properties while others prefer residential multi-units. Shopping multiple lenders saves 1-2% on rate and 1-2 points on fees.
Carson investors often use hard money for auction purchases or distressed properties banks won't touch. The speed matters more than the cost when you're competing with cash buyers.
Best use: bridge financing until you complete renovations and qualify for a DSCR or conventional refinance. Holding hard money past 12 months kills your profit margin on most deals.
Bridge loans offer similar speed but require better credit and lower rates. DSCR loans cost less long-term but take 3-4 weeks and need rental income documentation.
Hard money makes sense when speed or property condition blocks other options. Once renovations finish, refinance into a DSCR loan to cut your rate in half.
Carson's industrial properties often need specialized lenders familiar with commercial zoning and environmental requirements. Not every hard money lender understands these deals.
Permit timelines in Los Angeles County affect your exit strategy. Factor 3-6 months for major renovations when calculating your loan term. Extension fees run 1-2% if you need more time.
Most deals close in 7-14 days with clear title. Cash-out refinances on properties you already own can close in 5-7 days if appraisal comes back quickly.
No. They underwrite the property's value and your equity. Your income, tax returns, and credit history matter far less than with traditional loans.
Most hard money loans run 12 months with options to extend. Plan your exit strategy before that mark to avoid expensive extension fees.
Yes, if you work with lenders who understand commercial and industrial properties. Standard residential hard money lenders often decline these deals.
You can extend most hard money loans for 1-2% of the balance. Better option: refinance into a DSCR loan once renovations finish.
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.