Loading
Loading
West Hollywood's tight inventory and high-demand rental market make speed critical for investors. Hard money loans close in 7-14 days, letting you compete with cash buyers on gut renovations and value-add multifamily deals.
This asset-based financing works best for fix-and-flip properties or bridge scenarios where traditional approval timelines kill deals. Lenders care about the property's after-repair value, not your W-2 income or credit score.
Hard Money Loans in West Hollywood
Hard money lenders focus on the property's current value and after-repair value. Most require 25-35% down and charge 9-14% interest with 2-5 points upfront.
Credit scores matter less than deal structure. Lenders want a clear exit strategy—either a refinance into conventional financing or a sale within 6-24 months.
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options in West Hollywood.
West Hollywood's tight inventory and high-demand rental market make speed critical for investors. Hard money loans close in 7-14 days, letting you compete with cash buyers on gut renovations and value-add multifamily deals.
This asset-based financing works best for fix-and-flip properties or bridge scenarios where traditional approval timelines kill deals. Lenders care about the property's after-repair value, not your W-2 income or credit score.
Hard money lenders focus on the property's current value and after-repair value. Most require 25-35% down and charge 9-14% interest with 2-5 points upfront.
SRK CAPITAL connects you with specialized hard money lenders who understand West Hollywood's condo conversion potential and rent control landscape. Not all lenders touch properties under rent stabilization ordinances.
Regional private lenders move faster than national shops. They know which West Hollywood properties pencil for renovations and which neighborhoods support your after-repair value assumptions.
Most West Hollywood hard money deals involve outdated multifamily units near Santa Monica Boulevard or West Sunset. Lenders give you 70-75% of after-repair value, so your renovation budget comes from the loan proceeds.
Watch out for lenders who don't reserve renovation funds in escrow. You need controlled draws tied to construction milestones, not a lump sum that disappears into contractor delays.
Bridge loans offer lower rates (7-10%) but take 3-4 weeks to close. DSCR loans run cheaper long-term but require completed renovations and rental income documentation.
Hard money costs more but wins time-sensitive deals. Once your renovation finishes, refinance into a DSCR loan at half the interest rate and keep the property as a rental.
West Hollywood's Rent Stabilization Ordinance limits rent increases on units built before 1979. Hard money lenders discount ARV on RSO properties because they cap your exit strategy options.
Properties north of Santa Monica Boulevard in residential zones get better loan terms than mixed-use commercial buildings. Lenders see clearer exit strategies with pure residential plays.
Most deals close in 7-14 days. Properties with clear title and minimal code violations move faster than complex multifamily buildings.
No. Lenders underwrite based on the property's current and after-repair value, not your income or tax returns.
Yes, but lenders want proof the building qualifies for conversion under city ordinances. Rent-controlled units complicate approvals significantly.
Most hard money loans include 12-month terms with extension options for 3-6 months. Extensions cost 1-2 points plus higher monthly interest.
That depends on West Hollywood rental demand. Many investors refinance into DSCR loans and hold properties as long-term rentals for appreciation.