Los Angeles Hard Money Lenders
If you’re a real estate investor or property buyer looking for alternative financing solutions in Long Beach, CA, a hard money loan could be the ideal choice. Hard money loans offer flexible terms and faster approvals and don’t require perfect credit, making them a solid option when time or unique property conditions are at stake.
Here’s a closer look at what you need to know about hard money loans in Long Beach, the costs involved, and how they work to support your property investment goals.
Commercial Lending Specifications
| Loan Term | 1-2 Years |
| Loan Amount | $250,000 to 20,0000,000 |
| Lending Area | California | Nevada | Colorado |
| Trust Deeds | 1st & 2nd TD's |
| Loan-to-Value | Up to 75% |
| Interest Rate | Starting at 8.75% |
| Origination Fee | 1 to 3 Points |
| Prepayment Penalty | Not Required |
| Closing Time | 7 to 15 Days |
| Interest Reserve | No Payments for 6 Months |
When time or property conditions make traditional financing challenging, hard money loans can be a valuable solution. Unlike conventional loans, which often require extensive credit checks and lengthy approval times, hard money loans prioritize the value of the property itself, making them ideal for investors who need funds quickly. If you’re facing a tight closing timeline, want to invest in a unique property, or need a loan based more on the property’s potential than your credit, hard money financing can provide the agility you need.
Hard money loans are particularly versatile when it comes to property types. Whether you’re interested in purchasing a commercial building, multi-family unit, residential property, or even land, hard money lenders in Long Beach can often accommodate various types of real estate. Because these loans are asset-based, the property itself serves as the main qualification factor rather than personal credit scores or income.
Commonly financed properties through hard money loans in Long Beach include:
Unlike traditional loans, hard money loans are structured for short-term needs, typically with terms of 1 to 3 years. They are designed to close immediately so investors can access the funds they need to secure a property or complete a renovation. Here’s a typical structure for a hard money loan through RTI Bridge Loans in Long Beach:
Loan Structure:
These terms allow you to make your investment with peace of mind, knowing you’re not locked into high penalties, extra fees, or inflexible repayment schedules.
For Long Beach investors, the flexibility of hard money loans offers several advantages:
Whether you’re planning to flip a home, develop land, or invest in a rental property, these features make hard money loans a strong fit for Long Beach’s competitive market.
Hard money loans are known for their speed and flexibility, but costs can vary based on lender terms, the property type, and your investment strategy. The average hard money loan in Long Beach is about $314,445, though this figure may change depending on the property value and location.
Interest Rates
While the typical hard money loan interest rate in Long Beach averages around 9.3%, RTI Bridge Loans offers rates starting at 8.99%, saving you money and keeping your investment manageable. The cost of a hard money loan can depend on factors such as:
Qualifying for a hard money loan is more straightforward than many traditional loans. Here’s what lenders typically look for:
Since hard money loans rely less on credit scores or income documentation, they are accessible to a broader range of borrowers.
JUST CLOSED in Long Beach! This was a multiple collateral 1st and 2nd TD loan at $5,400,000 needed for a
A developer was just completing and leasing up a large mixed use project in Santa Clarita. His construction loan had
$412,500 1st TD Bridge Loan Closed in Valley Center CA! Borrower needed fast capital to close on a below market
The approval process for a hard money loan is much faster than traditional lending, which can make all the difference in competitive situations. Most hard money loans are approved within a few days to a week, allowing investors to move forward with projects faster. This speed can be crucial when securing a time-sensitive property deal in Long Beach or when funds are needed to kick-start renovations.
When selecting a hard money lender in Long Beach, choosing one that understands the local market, provides transparent terms, and offers flexibility is crucial. Here’s what makes RTI Bridge Loans a preferred choice for Long Beach investors:
For Long Beach investors seeking a responsive lender that prioritizes both efficiency and client satisfaction, RTI Bridge Loans offers the support and solutions you need.
If you’re working on a time-sensitive purchase or need a quick financing solution to seize an opportunity, a hard money loan can be a powerful resource. Particularly for investors interested in “fix-and-flip” properties or those looking to capitalize on the thriving Long Beach real estate market, a hard money loan can make all the difference.
With transparent terms, competitive rates, and a commitment to efficiency, RTI Bridge Loans ensures to make your investment process smoother and more accessible. Our goal is to help investors secure financing for properties that are traditionally hard to fund, whether due to timing constraints, property type, or credit requirements. Call RTI Bridge Loans at (562) 857-2285 and discover how we can help fund your next investment with ease.
RTI Bridge Loans, Inc. is primarily a Direct Portfolio Lender in Los Angeles County. We have 40 years of experience investing in all aspects of real estate: From residential development, private money lending, hard money and fix and flip loans.
