Loading
Hard Money Loans in Lawndale
Lawndale's compact 2-square-mile footprint creates opportunities for investors targeting South Bay buyers priced out of Manhattan Beach and Hermosa. Older housing stock means consistent flip potential.
Hard money loans work here when speed matters more than rate. Most Lawndale deals close in 7-14 days versus 30-45 for conventional financing.
Hard money lenders care about the property, not your W-2. They typically lend 65-75% of after-repair value, meaning you need skin in the game.
Credit scores matter less than experience. First-time flippers should expect lower leverage and higher rates than seasoned investors with proven exits.
Not all hard money lenders operate the same. Some fund in 5 days but charge 12% plus 3 points. Others take 3 weeks at 9% with 2 points.
We access 200+ wholesale lenders, including those specializing in Los Angeles County rehab projects. Rates vary by borrower profile and market conditions.
The biggest mistake Lawndale investors make is underestimating carrying costs. At 11% interest on a $500k loan, you're burning $4,600 monthly before renovation expenses.
Smart flippers run two exit strategies: sell the renovated property or refinance into a DSCR loan if the rental numbers work. Never count on one path.
Bridge loans offer lower rates but require stronger credit and more documentation. Hard money wins when you need capital this week or your credit sits below 640.
DSCR loans make sense after renovation when you're holding for rental income. Use hard money to acquire and improve, then refinance into long-term debt.
Lawndale's unincorporated pockets and city zones have different permit timelines. Verify jurisdiction before closing—delayed permits eat your hard money budget fast.
Target properties near the Metro Green Line extension path. Transit proximity consistently drives faster sales for renovated homes in South Bay markets.
Most lenders fund in 7-14 days once you have a purchase contract. Some charge higher rates for 5-day closings when competing offers demand speed.
Expect 25-35% down depending on your experience level and the property condition. First-time flippers typically need 30% minimum.
Yes. Most hard money lenders focus on the deal, not your credit score. Rates and terms worsen below 600, but deals still get funded.
Many lenders hold renovation funds in escrow and release them as work completes. Some fund 100% of budgeted improvements, others cap at 75%.
Most hard money loans include extension options at 1-2% of the loan amount for 3-6 months. Plan extensions into your budget from day one.
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.