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Hard Money Loans in Palos Verdes Estates
Palos Verdes Estates trades on location and prestige. Properties here command premium prices that traditional lenders struggle to approve quickly.
Hard money fills the gap when you need to close fast on a teardown, compete with cash buyers, or renovate a dated estate. Speed matters more than perfect credit in this market.
We've funded deals from bluff-view fixer-uppers to new construction projects. Most borrowers here use hard money as a bridge, not a permanent solution.
Hard money lenders care about one thing: can they recoup their money if you default? They evaluate the property, not your W-2 or tax returns.
Expect to put down 20-40% depending on the deal. Higher equity means lower rates. Your exit strategy matters more than your FICO score.
Most lenders fund in 7-14 days. Some close in 72 hours if the numbers work. You pay for that speed with higher rates and points.
We work with 40+ hard money lenders who fund in Los Angeles County. Each has different appetars for luxury properties, construction projects, and land deals.
Palos Verdes properties get attention because of resale demand. Lenders know these homes sell, even in slower markets. That translates to better terms than you'd find inland.
Rates run 8-12% with 2-4 points at closing. Higher leverage costs more. Shorter terms sometimes get better pricing if your exit is clear.
Most Palos Verdes hard money deals involve outdated homes bought below land value. Buyers plan six-month renovations, then refinance to conventional or sell.
We see two common mistakes: underestimating renovation costs and missing permit timelines. Both blow up your exit timeline and force expensive extensions.
The best deals have a Plan B exit strategy. If renovation takes longer, can you still sell as-is and break even? Hard money isn't forgiving when timelines slip.
Hard money works when conventional loans can't close fast enough or the property doesn't qualify yet. Once renovations finish, most borrowers refinance to DSCR or conventional.
Bridge loans offer similar speed but require stronger financials. DSCR loans cost less but take 3-4 weeks. Hard money is the fastest, most expensive option.
Construction loans make sense for ground-up builds. For gut renovations on existing homes, hard money usually wins on speed and flexibility.
Palos Verdes Estates has strict architectural review. Budget extra time for approval before you start demolition. Lenders know this and sometimes extend initial terms.
Ocean-view properties appraise higher but cost more to renovate. Foundation work on hillside lots runs 30-40% above flat-lot costs. Factor this into your loan request.
Exit values here stay strong even when coastal markets cool. Lenders see this as lower risk, which helps when negotiating rates on larger loans.
Most deals close in 7-14 days once the property appraises. Some lenders fund in 72 hours if you have strong equity and clear title.
Expect 20-40% down depending on property condition and your exit plan. Higher equity gets you better rates and faster approval.
Yes, but land deals require 30-50% down. Lenders want to see entitled lots with approved building plans before funding.
You'll need an extension at 2-3 points plus higher monthly payments. Build timeline buffers into your initial loan term to avoid this.
Not much. They focus on property value and your exit strategy. Bad credit increases rates slightly but rarely kills deals.
Most borrowers renovate for six months, then refinance to conventional or sell. Strong resale demand here makes both exits viable.
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.