Redondo Beach Hard Money Lenders

Looking for a hard money loan in Redondo Beach? LBC Capital offers some of the best rates and terms in the industry. We work with both residential and commercial properties, so whether you're looking to buy a new home or invest in a rental property, we can help. Give us a call today to learn more about our hard money loans in Redondo Beach.

Hard Money Loan Working For You

A hard money loan is a fast and easy way to get the funding you need for your real estate investment. Hard money loans are asset-based, which means that they are secured by the property you are purchasing. This makes them a great option for investors who may not qualify for traditional financing.

LBC Capital offers hard money loans in Redondo Beach with competitive rates and terms. We can help you get the funding you need to purchase your investment property and get started on your project. Contact us today to learn more about our hard money loan program.

Benefits of Hard Money Loan in Redondo Beach

A hard money loan is a asset-based loan with a high interest rate that is typically used by investors to purchase properties. The biggest benefit of a hard money loan is that it can be used to purchase properties such as commercial buildings, construction and fix and flip quickly. Hard money loans are also easy to qualify for and have flexible underwriting guidelines.

Other benefits of hard money loans include:

• They can be used for investment purposes only
• They can be used to purchase non-owner occupied properties
• They can be used to finance the rehab of a property

Using Hard Money Loan In Redondo Beach

Hard money loans are a great way to finance the purchase of a property in Redondo Beach. There are a few things to keep in mind when using a hard money loan to finance your purchase.

First, you will need to have a good credit score. Hard money lenders typically require a minimum credit score of 640. If you do not have a good credit score, you may still be able to qualify for a hard money loan, but you will likely pay a higher interest rate.

Second, you will need to have a down payment. Hard money loans typically require a minimum down payment of 10% - 20%. 

Third, you will need to provide collateral. Collateral is typically in the form of real estate equity or personal assets. This is used to secure the loan and protect the lender in case of default.

Forth, you will need to introduce an exit strategy. Exit strategy outlines the terms of the loan agreement between borrower and lender. This includes things like repayment schedule, interest rate and how the property will be sold or refinanced in the future.

Applying With Redondo Beach Hard Money Lender

If you're looking for a hard money loan in Redondo Beach, LBC Capital is a great option. We offer hard money loans to both residential and commercial borrowers in the area. We have a quick and easy application process, and we can get you funded in as little as 4 days.

Here's what you need to do to apply for a hard money loan from LBC Capital:

1. Fill out our online application to get your free quote.
   
   
2. Provide us required documents. This may include your ID, proof of income, and property information.
   
   
3. We'll review your application and get back to you with a decision within 24 hours.
   
   
4. If approved, we'll fund your loan in as little as 4 business days.

Work With a Trusted Lender

LBC Capital is a trusted Redondo Beach hard money lender that offers loans in Redondo Beach, CA. We have over 10 years of experience in the lending business and have funded over $250 million in loans. We are a direct lender, which means that we can offer you the best rates and terms possible. We offer loans for both residential and commercial properties.

If you're looking for a hard money loan in Redondo Beach, LBC Capital is a great option. Our team is dedicated to helping you get the financing you need. Contact us today to learn more about our hard money loans and how we can help you achieve your financial goals.