Who are the Best Hard Money Lenders in Los Angeles CA in 2023?

Finding the best hard money lenders Los Angeles CA is very important to your real estate profit. Whether you’re new to real estate investing or are an experienced investor, your Los  Angeles hard money loans can end up costing you thousands of dollars if you don’t spend time selecting the best lender. An unfavorable hard money loan can cost you thousands of dollars. On the flip side, a favorable hard money loan can provide the financing you need to make a deal possible and profitable. Los Angeles private money lenders can give you the buying power you need to secure your deal.

We were able to find several quality local hard money lenders in Los Angeles. Loan amounts average around $300-350k. Rates on loans made to Los Angeles real estate investors average 10-12%. Most hard money loans average between 12-18 months. The average note includes a 3-4 point origination fee and the LTV offered for loans in Los Angeles is between 70-75%.

Here’s our list of the top 8 Best Hard Money Lenders in Los Angeles:

  1. California Hard Money Direct
  2. Source Capital
  3. Crescent Lending
  4. PB Financial Group Corporation
  5. Hard Money Go
  6. City Capital Realty
  7. Genesis Capital
  8. LBC Capital

Top 8 Best Hard Money Lenders in Los Angeles CA

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1. California Hard Money Direct

California Hard Money Direct is one of the highest rated hard money lenders in Los Angeles and all of California. They offer a full spectrum of loan program from single family rehabs, to multi family real estate, to commercial loans, bridge loans and more.

They have an excellent Google presence and professional website. They can closse quickly and their fees are reasonable. 

Here’s more info about their loans:

  • Loan sizes: $200,000 – $1.5 Million
  • Loan term: 12 months with longer terms available
  • LTV: Up to 80% of purchase price
  • Same day approvals
  • Fees: Starting at 1.5 points
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2. Source Capital

Source Capital is another highly rated hard money lender in California. They have an excellent Google profile, a quality website and a great selection of loan programs.

They offer flexible terms and have a wealth of experience. Boasting over 65 years of expertise and experience with hard money lending, Source Capital has funded over $400 million in commercial and residential loans. 

Here is more about their rehab program:

  • Rates Starting at 7.99% Interest
  • Flexible credit
  • No Debt to Income Requirements
  • No Prepayment Penalties
  • Loan amounts from $20,000 to $10,000,000
  • Residential, Commercial, Industrial
  • Up to 70% Loan to Value
  • Closings in 7-10 Days
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#3. Crescent Lending

With over 20 years of experience in the banking sector Mr.Padilla at Crescent Lending has solely specialised on the hard money lending market since 2011. He has worked for banks such as Bank of Boston, Long-Term Credit Bank of Japan and Fuji Bank and served clients in various Fortune 500 companies.

Crescent Lending has underwritten and funded over $150 Million in hard money loans over the last 9 years which are primarily funded by private investors as well as traditional banking institutions.

Here’s some more info about their loans:

  • Interest Rates: Starting @ 7.99% (interest only)
  • Closing Time: 5 to 7 Days
  • Location: Anywhere in California
  • Loan To Value Ratio: Up to 75% LTV
  • Loan Types: Purchase, Refinance, Cash-Out, Fix and Flip, Probate, 1031 Exchange
  • Amounts: $200K – $5M
  • Origination Fee: 2 to 3 points, dependant on size and term
  • Lien Positions: First Trust & Second Trust Deeds
  • Underwriting Fee: $1500
  • Loan Term: 6 to 60 months (extensions available)
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#4. PB Financial Group Corporation

Next on our list for California hard money loans is PB Financial Group Corporation. PB Financial Group Corp. provides equity-based lending for real estate properties. They cater to Investors, Rehabbers, Corporations, Probate Estates, and Sub Prime Money Borrowers who do not meet the stringent requirements of conventional underwriting guidelines.

They’ve been in the game with many years and are well respected in the industry. They’ve completed loans for single fasmily, commercial, multi family and much more. 

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#5. Hard Money Go

Hard Money Go comess in with a solid rating on Google. They’ve been operating in the Los Angeles area for over 12 years. They’re a direct lender which makes the process quick and efficient. They can fund loans in as little as 5  business days.

They offer fix and flip loans, commercial loans, multi family loans and refinance loans. 

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#6. City Capital Realty

City Capital Realty is another hard money lender in Los Angeles. They specialize in providing bridge loans to property owners and real estate investors in need of financing outside the scope of traditional banks and lenders. They offer a  streamlined process that guarantees fast and smooth closings. City Capital Realty is a reliable lender who is able to close in just a few a days. 

Here is more information about their loans:

  • Owner Occupied and Non-Owner Occupied properties
  • Commercial, Apartment, Mix-used, Warehouse, Industrial, Office, Medical.
  • Loan Amounts From $250,000 up to $5,000,000.
  • Lending to Individuals, LLCs, Corporations, Trusts and IRAs.
  • LTV up to 70%
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#7. Genesis Capital

Next up is Genesis Capital. They’re actually based in Sherman Oaks but we wanted to get them into the list as they’re another quality lender. They’ve been in the industry for many years and have a full team of experts. They offer a variety of loans programs including Bridge loans, Fix & Flip loans, New Construction loans, Subdivision/Infill loans and Rental Holds.

They offer competitive terms for multi family, single family and commercial real sstate.

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#8. LBC Capital

Rounding out our top 8 is LBC Capital. They’re a Los Angeles based hard money lender serving all of California. They’re direct lenders so they can offer fast closings, large amounts, flexible terms and competitive rates. 

They offer fix and flip loans, refinances, bridge loans and construction loans. 

Here is a summary of their offerings:

  • Rates as low ass 8%
  • Closings in 7 days
  • Credit scores from 450
  • LTV up to 80%
  • Minimal documentation

Best Hard Money Loans Los Angeles CA FAQ

Who is the best hard money lender in Los Angeles?

Here’s our list of the top 8 Best Hard Money Lenders in Los Angeles:

  1. California Hard Money Direct
  2. Source Capital
  3. Crescent Lending
  4. PB Financial Group Corporation
  5. Hard Money Go
  6. City Capital Realty
  7. Genesis Capital
  8. LBC Capital
What do Los Angeles hard money lenders charge?

Hard money loan rates in Los Angeles range from 10 percent to 12 percent for most fix and flip and shorter term loans. Many hard money lenders in Los Angeles also charge points or origination fees on a loan that range from 3-4 percent.

Do Hard Money Lenders in Los Angeles require appraisals?

With most hard money lenders in Los Angeles, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.

What are hard money loans in Los Angeles?

Hard money loans in Loss Angeles are loans secured by real estate used to purchase or rehab that piece of property.

These short term loans are used to purchase and/or rehab residential or commercial properties. They’re usually more expensive than traditional loans but can be closed faster and oftentimes with less credit requirements.

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