Los Angeles Hard Money Lenders
For real estate investors and property buyers in Phoenix, AZ, securing fast and flexible financing can be the key to closing deals in the competitive market. Hard money loans offer a practical solution, emphasizing property value over personal credit, making them ideal for situations requiring quick funding or unconventional property conditions.
Here’s everything you need to know about hard money loans in Phoenix and how they can support your 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 |
The Phoenix housing market is somewhat competitive, with homes receiving an average of one offer and selling in around 56 days. The median sale price of a home in Phoenix is $450K, up 2.3% from last year, and the median sale price per square foot is $281, marking a 0.9% increase.
In November 2024, Phoenix home prices saw a 2.3% increase compared to the previous year, with homes selling for a median price of $450K. On average, homes in Phoenix sell after 56 days on the market, compared to 39 days last year. Notably:
This competitive landscape underscores the importance of quick and flexible financing options like hard money loans to help investors secure profitable deals.
Phoenix’s diverse real estate landscape makes it a prime location for hard money financing. These loans cater to various property types, making them suitable for both new and seasoned investors. Commonly financed properties include:
Because hard money loans prioritize property value, they offer greater flexibility in financing properties that traditional lenders might overlook.
Hard money loans are structured to meet short-term funding needs, with terms typically ranging from 1 to 3 years. These loans close quickly, allowing investors to secure funding within days rather than weeks. Here’s an overview of a typical hard money loan structure through RTI Bridge Loans in Phoenix:
Loan Features:
These terms provide Phoenix investors with the flexibility and assurance needed to pursue profitable deals without being constrained by rigid loan structures.
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
For investors in Phoenix, hard money loans offer several key benefits:
Whether you’re renovating a property for resale, developing land, or purchasing a rental unit, these advantages make hard money loans a valuable tool for navigating Phoenix’s competitive market.
While hard money loans offer speed and convenience, it’s essential to understand the costs involved. Factors such as loan amount, property type, and term length influence the overall expense. In Phoenix, the average hard money loan amount is approximately $325,000, though this can vary significantly based on individual deals.
These costs are offset by the loan’s flexibility and the ability to close deals that might otherwise be missed due to traditional financing delays.
Qualifying for a hard money loan is straightforward, with the primary focus on the property’s value and potential. Key factors include:
With fewer restrictions on credit scores or income documentation, hard money loans are accessible to a wide range of borrowers in Phoenix.
In a market as competitive as Phoenix, timing is critical. Hard money loans are approved significantly faster than traditional loans, often within 3 to 7 days. This quick turnaround ensures investors can:
At RTI Bridge Loans, we understand the unique needs of Phoenix investors. Our hard money loan solutions are tailored to help you succeed in this fast-paced market. We pride ourselves on offering:
Whether you’re a seasoned investor or exploring opportunities in Phoenix for the first time, we’re here to help you achieve your goals. Call RTI Bridge Loans today at (562) 857-2285 and take the next step in your investment journey.
Yes, they’re an excellent option for residential investments, especially for quick closings or properties needing renovations.
Funds are typically disbursed within days of approval, allowing for immediate action on investments.
No, we do not impose prepayment penalties, giving you flexibility in managing your loan.
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.
