Hard Money Loans In Long Beach

LBC Capital is a leading provider of hard money loans in Long Beach and the surrounding area. We offer loans for both residential and commercial properties, and our terms are flexible to meet your needs. If you're looking for a hard money loan in Long Beach, LBC Capital is a great option. We have a wide range of loan programs to choose from, and our team is experienced and dedicated to helping you get the financing you need.

About Hard Money Loans

A hard money loan is a type of short-term financing where lenders provide funds based on the value of the property being used as collateral, rather than on the borrower's credit history. 

Hard money loans are typically issued by private investors or companies. Long Beach hard money lenders usually focus on the value of the property being used as collateral, rather than on the borrower's creditworthiness. As a result, hard money loans tend to have higher interest rates and shorter repayment terms than traditional bank loans.

Hard money loans are often used for fix-and-flip projects, because they can be funded quickly and do not require extensive documentation. Borrowers with bad credit or who are self-employed may also opt for hard money loans, since it is easier to qualify for this type of financing than for a traditional bank loan.

LBC Capital: Who We Are And What We Do

LBC Capital is a private money lender that offers hard money loans to real estate investors in the Long Beach, California area. We are a direct lender, meaning we fund our own loans, so we can offer competitive rates and terms.

Our loans are typically used for fix-and-flip projects, but can be used for a wide variety of investment purposes. We offer loan amounts from $150,000 to $50 million, with interest rates starting at 7.99%. Loan terms are 2 years or less, with no prepayment penalties.

We pride ourselves on being a local lender that understands the needs of our borrowers. We work quickly and efficiently to get you the funding you need to make your investment goals a reality. Contact us today to learn more about our hard money loans and how we can help you succeed in your real estate business.

What Are The Terms Of Hard Money Loans In Long Beach?

A hard money loan from LBC Capital is a short-term loan that is secured by real estate. The loan term is typically 12 months, but can be extended to 24 months if needed. The interest rate on a hard money loan from LBC Capital is typically higher than the interest rate on a conventional mortgage, but the terms are much more flexible.

The biggest advantage of a hard money loan is that the approval process is much faster than a conventional mortgage. Hard money loans are also perfect for investors who may not qualify for traditional financing.

Another advantage of a hard money loan from LBC Capital is that there is no prepayment penalty. This means that you can sell the property at any time and pay off the loan without incurring any additional fees.

If you're considering a hard money loan from LBC Capital, there are a few things to keep in mind. First, you'll need to have equity in the property that you're using as collateral. Second, the interest rate on a Long Beach hard money loan will be higher than the interest rate on a conventional mortgage. And finally, remember that the terms of a hard money loan are much more flexible.

Benefits

A hard money loan in Long Beach offers a number of benefits for borrowers, including:

• Fast funding: Hard money loans from LBC Capital can be funded quickly, often in as little as 4 business days. This can be helpful for borrowers who need access to funds quickly.
  
  
• Minimal paperwork: The application process for a hard money loan from LBC Capital requires minimal paperwork, making it simpler and faster than applying for a traditional bank loan.

Work With A Local Long Beach Hard Money Lender

If you are looking for a hard money loan in Long Beach, LBC Capital is a great option to consider. We offer competitive rates and terms, and have a team of experienced professionals who can help you through the loan process. Whether you're looking to purchase a property or refinance an existing one, LBC Capital can help you get the financing you need.