Hard Money Lenders In Van Nuys


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Van Nuys Hard Money Loans

LBC Capital is now offering hard money loans in Van Nuys. This is great news for those looking for alternative financing options in the area. Hard money loans are typically short-term loans that are secured by real estate. They are often used by investors to purchase properties quickly and without having to go through traditional lending channels. LBC Capital is a leading provider of hard money loans in California. They have a long track record of success and have funded over $250 million. If you are looking for a top Van Nuys hard money lender in Van Nuys, LBC Capital should be at the top of your list.

About Hard Money Loans In Van Nuys

A Van Nuys hard money loan is a type of short-term loan that is typically used for real estate investment purposes. Hard money loans are made by private lenders, and they are typically secured by the asset that is being purchased with the loan (i.e., the real estate property).

Hard money loans are typically more expensive than traditional bank loans, but they can be a good option for borrowers who cannot qualify for a conventional loan or who need to get funding quickly. LBC Capital now offers hard money loans in Van Nuys, so if you're looking for an alternative financing option, we may be able to help you out.

What Are The Benefits Of a Hard Money Loan

A hard money loan is a type of short-term real estate loan typically used by investors to purchase and rehab properties. Hard money loans are approved based on the property's value, not the borrower's credit score. This type of loan is often used when a borrower needs to quickly obtain financing and cannot get traditional bank financing.

Some of the benefits of a hard money loan include:

  1. Quicker approvals - Because hard money loans are approved based on the value of the property, not the borrower's credit history, they can often be approved much quicker than traditional bank loans.

  2. Less paperwork - Hard money loans usually require less paperwork than traditional bank loans, making them ideal for borrowers who need to obtain financing quickly.

  3. Flexible terms - Hard money lenders typically offer more flexible terms than banks, making it easier for borrowers to repay the loan. Hard money loans are interest only.

Basic Requirements For A Hard Money Loan In Van Nuys

Hard money loans from LBC Capital are available for a variety of purposes, including funding the purchase or refinance of an investment property, commercial, construction or fix and flip. Loan amounts start at $150,000 and go up to $40 million, with terms ranging from 6 to 24 months. Interest rates on these loans are typically higher than those for traditional loans, but the approval process is often quicker and easier.

To qualify for a hard money loan from LBC Capital, borrowers must have a minimum credit score of 600 and have a property as collateral. Borrowers must also provide proof of income and assets, as well as a detailed business plan if the loan is for business purposes. The property being used as collateral must be located in the United States.

Work With Professional Van Nuys Hard Money Lender

If you're in the market for a hard money loan in Van Nuys, LBC Capital is now your go-to source. We offer highly competitive rates and terms, and our team of experienced professionals will work with you to get you the best possible deal. Contact us today to learn more about our hard money loan offerings in Van Nuys.

FAQs About Hard Money Loans In Van Nuys

A hard money loan is a short-term, high-interest loan used to finance the purchase of property or for other investments. Hard money loans are typically provided by private investors or companies specializing in lending to investors.

Hard money loans are typically used for short-term investment purposes, such as the purchase of a fixer-upper property. The borrower receives the loan as a lump sum and makes interest-only payments for a set period of time, usually 6 months to 2 years.

Hard money loans offer several advantages over traditional bank financing, including:

  • Quicker approvals – hard money lenders are typically more flexible and can make decisions more quickly than banks.
  • Easier qualifications – hard money lenders often have less stringent qualification criteria than banks, making them a good option for borrowers with less-than-perfect credit.
  • Higher Loan-to-Value (LTV) ratios – hard money lenders will often lend up to 90% of the purchase price of a property, whereas banks typically only lend up to 60%.
  • Lower interest rates – although hard money loan rates are higher than traditional bank rates, they are typically lower than other alternative financing options.

LBC Capital In The Words Of Our Clients

Anna Tenina

Attorney At Law

“LBC Capital has an excellent team always available to help with any queries. They are so fast! I would definitely recommend these guys to anyone!”

Marlee Mckinney

Small business owner

“I am a happy owner of investment property thanks to LBC Capital. I was a bit nervous about the process, but they put me at ease and made it stress-free”

Karsyn Hardy

Investor

“I’d like to thank LBC Capital and the team for their help in securing the funding I needed to grow my business. They were able to close on my loan quickly, which was very important to me.”

Daniel Wisler

Tax Consultant

"I am so glad I found LBC Capital. They were able to help me out of a tough spot and speedily close on the loan."

Kelly Spencer

Small business owner

“LBC Capital has been a life saver. I needed to renovate my home and they were able to meet my needs effortlessly. They are very understanding and patient, which is so important when you need hard money loans.”

Todd Blevins

Small business owner

“I had a great experience with LBC Capital. I've been trying to get this loan for months and they made it happen in just 4 days!”

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