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Los Angeles Hard Money Lenders

Hard Money Lenders Los Angeles & Loans

Hard Money West is located in Oxnard, California (just north of Los Angeles) and our brokers have been serving the Los Angeles County community for many decades. As experts in hard money or private lending, we’re here to help residents and aspiring residents of Los Angeles get the hard money, non-QM or conventional loan they need.

About Los Angeles (for future locals)

The City of Los Angeles, often referred to as L.A., is the county seat of Los Angeles County, and one of the largest cities in the United States. The city itself had a population of 3,898,747 as of the 2020 U.S. Census. A 2019 Census Estimate put the population of the Greater Los Angeles Area (which includes Orange County and Ventura County) at 18.8 million.

In 1771, a Franciscan friar named Junipero Serra founded the Mission San Gabriel Arcangel in the San Gabriel Valley. In 1781, “Los Pobladores”, a group of 44 settlers from New Spain (present day Mexico), established a city they called Nuestra Señora La Reina de los Angeles de Porciuncula. (Translated into English, the name is Our Lady, the Queen of the Angels of Porciuncula.)

Hollywood is well known as the movie production capital of the world. Over 44,000 films have been made in the United States, with most having been produced by studios in Hollywood. In 2020, the American film industry, known as Hollywood, brought in $32.2 billion. The area is also home to major awards shows such as the Academy Awards, also known as the Oscars, the Grammy Awards, the Golden Globes and others. 

The Greater Los Angeles Area boasts an amazing eleven professional sports teams: 

    • baseball teams the Los Angeles Angels and the Los Angeles Dodgers
    • basketball teams the Los Angeles Clippers, the Los Angeles Lakers and the Los Angeles Sparks
    • football teams the Los Angeles Chargers and the Los Angeles Rams
    • hockey teams the Anaheim Ducks and the Los Angeles Kings
    • and last but not least, soccer teams Los Angeles FC and the LA Galaxy

According to the Los Angeles Times, the city is “the center of the sporting universe” throughout the 2020s, with events such as Super Bowl LVI, the 2023 US Open, the 2026 FIFA World Cup and the 2028 Summer Olympics, among many others, set to be held in the area.

On top of that, Los Angeles’ dual seaports, the Port of Los Angeles and the Port of Long Beach, are together the largest in the United States and the tenth largest in the world by volume.

It’s clear that Los Angeles will retain its position as a global city long into the future. If you love this area and believe in its future as much as we do, please let us help you find the right hard money/private or other loan for you. We work with all types of homebuyers, property investors and anyone who needs help with a property purchase or refinance.

Frequently Asked Questions for Hard Money Lenders Los Angeles

We’re always answering the same questions regarding Los Angeles hard money lenders for borrowers in the Los Angeles County area, so we decided to post some answers:

Are hard money loans legal in California?

Absolutely, private lenders are free to offer loans to all residents of the Greater Los Angeles Area and California as a whole. Hard money loans are completely legal throughout the United States. On top of that, there are no Fannie Mae, Freddie Mac or other guidelines for a hard money loan, which means the process is much less of a hassle than for a conventional, FHA or non qualified mortgage.

What types of Los Angeles hard money loans are available?

At Hard Money West, we offer hard money or private loans for various situations:

    • Purchase loan (including owner occupied hard money loan)
    • First time home buyer programs
    • Primary residence loan
    • Investment property loan
    • Cash out refinance (refi)
    • Reverse mortgage refinance (refi)
    • Construction loan
    • Bridge loan
    • Distressed property loan

Are bridge loans available through Los Angeles hard money lenders?

Bridge loans are available at Hard Money West. Hard money loans are useful to obtain properties that conventional lenders will not lend on. They’re also useful as bridge loans in trust, probate and bankruptcy situations. Because we’ve handled so many hard money loans and specialize in Los Angeles real estate, helping Los Angeles County residents, we can help you think through how best to use a hard money loan to achieve your real estate goals. We’ll even give you a great deal on refinancing out of a hard money loan once you’ve protected the property you own or obtained a new one that you wouldn’t have been able to purchase without a hard money loan!

Are there restrictions on which type of property zoning Los Angeles hard money lenders will lend on?

Hard money lenders Los Angeles residents can work with through Hard Money West offer loans backed by properties in many different land use zones, including:

    • Single family residence (SFR) (1-4 units)
    • Multi-family residence (over 4 units)
    • Commercial
    • Industrial
    • Open land or vacant land
    • Retail
    • Mixed-use

Do hard money lenders Los Angeles residents have access to ever require the loan applicant to get an appraisal?

No! Hard Money West’s works with Los Angeles hard money lenders that do NOT require an appraisal. Because of this, we can close your hard money loan in 7 days or less!

Is it hard to get a hard money loan?

Getting a conventional loan with a traditional lender is much more difficult for residents of Los Angeles County than obtaining a hard money loan with Los Angeles hard money lenders. In fact, we can close in less than a week because there is very little paperwork, no employment verification and no appraisal. The Uniform Residential Loan Application (URLA) that is used for conventional loans and the application process itself requires the borrower to answer dozens of questions, track down paperwork, even ask employers to sign letters of explanation or beg a condo board to provide homeowners association (HOA) documents. Hard money lenders Los Angeles residents can work with through Hard Money West require none of that!

What happens if you default on a hard money loan?

Defaulting on any type of mortgage backed by real estate will most likely result in losing the piece of property that is collateral. This is the case with hard money loans as well.

So why choose a hard money loan?

We see hard money loans as a short term tool for scenarios such as: 

    • buying a fixer upper that traditional lenders refuse to lend on, rehabbing it and refinancing with another mortgage product. 
    • getting an offer accepted in a competitive market with an all cash offer. Listing agents are much more likely to choose an offer that closes in 7 days than one that closes in 30-45, which is the amount of time it takes to close most conventional loans.
    • in bankruptcy, trust and probate situations in which the borrower needs more time to sell the property or take some other course of action to save the property or at least get some cash back from the equity in the home.

There are many other scenarios in which hard money loans are the best option!

Hard Money Loan Types

  • Purchase loan
  • First time home buyer programs
  • Primary residence loan
  • Investment property loan
  • Cash out refinance
  • Reverse mortgage refinance
  • Construction loan
  • Bridge loan
  • Distressed property loan