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