Hard Money Lender In Pasadena

LBC Capital is excited to announce that we are now offering hard money loans in Pasadena! For those not familiar with hard money loans, they are a type of financing that is secured by real estate. Hard money loans are often used by investors to purchase and rehab properties. LBC Capital offers hard money loans with competitive rates and terms. We are committed to providing our borrowers with the best possible service and experience. If you are an investor in Pasadena looking for a hard money loan, hard money loans in Pasadena might be the right choice for you.

About Pasadena Hard Money Loans

Hard money loans are a type of financing that is secured by real estate. Hard money loans are typically short-term loans, and they are often used by investors to purchase properties quickly or to finance projects that may be too risky for traditional lenders.

LBC Capital now offers hard money loans in Pasadena. We are a direct lender, and we offer competitive rates and terms. Contact us today to learn more about our hard money loan program

How Do Hard Money Loans Differ From Traditional Loans?

A hard money loan is a specific type of asset-based loan funding in which a borrower receives funds secured by real property. Hard money loans are typically issued by private investors or local Pasadena hard money lenders. 

Asset-based lending is a business finance strategy that offers working capital based on the value of the company's assets, rather than its creditworthiness. In most cases, collateralized loans are more expensive than traditional unsecured loans because they're considered higher risk. However, they may be the only option for borrowers with bad credit or who can't qualify for a bank loan.

Hard money loans have shorter terms than traditional bank loans. They also typically have higher interest rates and origination points (the fee charged by the lender at closing). Borrowers should expect to pay back the loan within 6 to 24 months.

LBC Capital offers hard money loans in Pasadena with flexible terms and competitive rates. We're committed to helping our clients grow their businesses and achieve their financial goals.

What Are The Benefits of a Hard Money Loan From LBC Capital

If you're looking for a hard money loan in Pasadena, LBC Capital is now your best option. Hard money loans from LBC Capital offer a number of advantages over traditional loans from banks.

First, hard money loans are typically approved much faster than bank loans. This is because LBC Capital doesn't have to go through the same lengthy approval process that banks do. As a result, you can get the funding you need much sooner.

Second, hard money loans from LBC Capital can be used for a variety of purposes. Whether you're looking to purchase a new property, finance a construction project, or refinance an existing loan, LBC Capital can provide the funding you need.

Third and lastly Hard money loans also give borrowers more flexibility when it comes to repayment. Unlike bank loans, which typically require borrowers to make regular monthly payments, hard money loans can be structured in a way that best suits the borrower's needs. 

Who May Qualify For a Hard Money Loan?

If you're considering a hard money loan in Pasadena, you'll want to know if you qualify. LBC Capital offers loans to both individuals and businesses, but there are some qualifications you'll need to meet.

You must have a property that can be used as collateral for the loan. This could be a residential or commercial property, or even land. The property must be in good condition and have enough equity to cover the loan amount.

You also need to provide proof of income and good exit strategy. This could be in the form of bank statements showing that you have the ability to repay the loan. 

Get Started On Your Pasadena Hard Money Loan Today!

Applying for a hard money loan from LBC Capital is quick and easy. Here’s how to do it:

1. First, fill out our online application. We’ll need some basic information about you and your project.
2. Once we receive your application, one of our loan officers will contact you to discuss your loan options.
3. If you decide to move forward with a loan from LBC Capital, we’ll work with you to get all the necessary documentation together. This includes things like a property appraisal, proof of income, and more.
4. Once everything is in order, we’ll fund your loan and you can start working on your project!

Hard money loans are a great option for those who need fast cash or who may not qualify for traditional financing. If you're considering a hard money loan in Pasadena, be sure to contact LBC Capital today to learn more about your options.