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Hard Money Loans in Gardena
Gardena's industrial zones and aging housing stock create steady fix-and-flip opportunities. Hard money lenders fund these deals in 7-14 days when conventional financing takes 45.
The city sits between the 110 and 405 freeways, making it attractive for investors targeting South Bay workers. Properties near the Artesia Transit Center see consistent demand from renters and buyers.
Hard money lenders approve based on property value, not your credit score or tax returns. Most require 25-35% down and cap loan-to-value at 65-75% of after-repair value.
You need a clear exit strategy showing how you'll pay off the loan in 6-24 months. Lenders want to see renovation budgets, timelines, and proof you've closed similar deals before.
California hard money lenders charge 8-12% interest with 2-4 points upfront. Rates vary based on loan size, property condition, and your track record as an investor.
We work with 20+ hard money lenders who compete for your deal. This competition typically saves borrowers 1-2 points and gets better terms on prepayment penalties.
Most investors who struggle with hard money loans underestimate renovation costs or overestimate resale values. Gardena properties built before 1980 often hide foundation and plumbing issues that kill margins.
The lenders who perform best in South LA understand local contractor costs and realistic timelines. They also know which Gardena neighborhoods move quickly versus those that sit for months.
Bridge loans offer lower rates but require better credit and more documentation. DSCR loans work for rental holds but take 30 days minimum to close.
Hard money costs more but moves faster and ignores your financial profile. If speed determines whether you win a property, the extra 3-5% interest becomes irrelevant.
Gardena permits take 4-6 weeks for basic cosmetic work, longer for structural changes. Factor this into your timeline since hard money interest runs daily.
The city has active code enforcement. Properties with open violations won't appraise well and some lenders won't fund them until violations clear.
Most deals close in 7-14 days once the property appraises. Cash-out refinances on properties you already own can fund in 5-7 days.
Most don't pull credit or verify income. They care about property value, your down payment, and your exit plan.
Lenders typically cap at 65-75% of after-repair value. Your down payment covers the gap between purchase price and loan amount.
Yes, but only as bridge financing. You'll need to refinance into a DSCR loan or conventional loan within 6-24 months.
Most lenders offer 6-month extensions for 1-2 points. Build extension costs into your initial budget to avoid scrambling later.
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.