Pomona Hard Money Lenders

LBC Capital is excited to announce that we are now offering hard money loans in Pomona, CA! As a leading provider of private money lending services, we are proud to be able to serve the Pomona community. Hard money loans are a type of financing that is based on the value of the property, not the borrower's credit score. This makes them an ideal option for borrowers who may have trouble qualifying for a traditional loan. If you're considering a hard money loan for your next real estate investment, contact LBC Capital today! We would be happy to discuss our loan programs and how we can help you reach your financial goals.

Is Hard Money Loan A Good Option For Me?

A hard money loan is a type of short-term loan used to finance the purchase and/or renovation of real estate. Pomona hard money loans are typically provided by private investors or Pomona hard money lenders, as opposed to banks or other financial institutions.

Hard money loans can be a great option for borrowers who may not qualify for traditional financing. They can also be used to quickly finance a real estate purchase or renovation project.

However, hard money loans often come with higher interest rates and fees. Borrowers should carefully consider the terms of any hard money loan before agreeing to borrow.

Benefits of Pomona Hard Money Loans

If you're looking for a loan to finance your real estate investment in Pomona, CA, you may be considering a hard money loan. Hard money loans are becoming increasingly popular among investors, especially in the current high-interest rate environment. But what are the benefits of hard money loans?

Hard money loans offer a number of advantages over traditional bank financing. First, hard money loans are easier to qualify for than bank loans. That's because hard money lenders focus on the value of the property being used as collateral, rather than the borrower's credit score.

Second, hard money loans can be approved and funded much faster than bank loans. That's because Pomona hard money lenders are typically smaller and more nimble than big banks. They can often make decisions quickly and get funds to borrowers in a matter of days, not weeks.

Third, hard money loans usually have shorter terms than bank loans. That means you won't be stuck paying off your loan for years or decades. And since they're interest-only loans, your monthly payments will be lower than with a traditional loan.

Fourth, hard money loans can be used for a variety of purposes, including fix-and-flip projects, new construction, refinancing existing property, residential property investments and more. 

Requirements

Pomona hard money loans are available for a wide range of projects, including fix-and-flips, new construction, and more. However, there are some requirements that must be met in order to qualify for a hard money loan from LBC Capital.

First and foremost, the property must be located in the United States. Secondly, the property must be for investment purposes only – owner-occupied residences are not eligible for hard money financing. Lastly, the borrower must have experience with similar projects and have a solid business plan in place.

If you believe you meet these requirements and would like to apply for a hard money loan from LBC Capital, please contact us today. We would be happy to discuss your project and determine if we are able to provide funding.

Work With The Trusted Hard Money Lender in Pomona 

If you're looking for hard money loans in Pomona, LBC Capital is a great option to consider. We offer competitive rates and terms, and our team is experienced and professional. Whether you're looking to purchase a fixer-upper or invest in a new property, LBC Capital can help you get the financing you need. Contact us today to learn more about their hard money loan options.