Los Angeles Hard Money Lenders

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We will contact you to review the loan scenario and provide a quote.

  • Fixed Rates from 9.95% (excluding consumer loans)*

  • Lender Fees from 1.5 Points – No Additional Fees

  • Same Day Pre-Approvals Available – Receive Funding within Days

  • Financing up to 75% Loan to Value

  • 40 Years of Experience – $800 Million Funded

  • 5-Star Google Review Rating – BBB A+ Rating

5.0 49 reviews

As Featured

Los Angeles Hard Money Loans – Private Money Lenders

North Coast Financial is a direct hard money lender (private money lender) serving Los Angeles, California. North Coast Financial is one of the most experienced hard money lenders in California with over 40 years of hard money lending experience and more than $800 million in fast hard money loans funded.

We provide various types of Los Angeles hard money loans to real estate investors and property owners in need of fast and flexible funding options. Our competitive rates and fees and excellent customer service are why our clients continue to choose North Coast Financial for their hard money lending needs. Read client reviews.

Contact North Coast Financial now for a complimentary consultation and quote for your hard money loan request.

Hard Money Loans for Los Angeles Real Estate

North Coast Financial provide various types of Los Angeles hard money loans (private money loans) including bridge loans, rehab and fix and flip loans, probate, estate and trust loans, investment property loans, distressed property loans, cash out and refinance loans, purchase loans, reverse mortgage refinance loans, hard money loans for primary residences, REO loans and other hard money loans secured by real estate.

Hard Money Loans for Residential & Commercial Property

North Coast Financial are primarily residential hard money lenders (single family residences, multi-family residences) but are also able to provide commercial hard money loans (commercial, industrial, office buildings, healthcare, hotels, retail and special purpose).

Residential Bridge Loans

North Coast Financial are experienced bridge loan lenders providing bridge loans in Los Angeles and throughout the state of California. Bridge loans allow homeowners to borrow against their current primary residence to purchase a new home. The main benefits of bridge loans are being able to purchase a new property before selling an existing property (not having to move twice), not having to qualify based on a debt to income ratio, and overall fast and flexible funding.

Short-term bridge loans are typically secured against the existing property which provides the needed funds to purchase a new property. Once the borrower purchases the new property, the previous property is sold which pays off the bridge loan. A residential bridge loan can also be secured against the new property if the borrower has a sufficient down payment. A double bridge loan (loan against current property and new property) can be used by a borrower if needed.

Bridge loans are also available for real estate investors who need to take out a loan against an existing property to purchase new real estate.

Contact North Coast Financial now to inquire about a bridge loan or visit our Bridge Loans page for additional information on our bridge loan programs.

Hard Money Rehab Loans – Fix & Flip Loans

Hard money rehab loans are utilized by real estate investors who want to acquire a property, make repairs and upgrades and then immediately sell the property for a profit. Also known as fix and flip loans, hard money rehab loans provide the real estate investor with quick and easy funding, allowing the investor to capitalize on short-term opportunities without having to tie up all their funds in a cash deal.

Please view our Hard Money Rehab / Fix and Flip Loan page or contact North Coast Financial for more information.

Trust Loans, Probate Loans & Estate Loans

Trust, Probate and Estate loans are available for heirs and beneficiaries in need of short-term financing against real estate assets within an estate or trust. These loans are also known as Prop 58 loans or Prop 19 loans and allow beneficiaries to prevent a property tax reassessment when the real estate transfers from the trust or estate to the beneficiary (parent to child transfer).

The borrowed funds are often used to pay off other heirs when dividing ownership or to settle debt obligations of the estate or trust. The trust or estate must contain real estate located in California in order for North Coast Financial to consider providing a loan. View our Probate & Estate Loans or our Trust Loans page for additional information.

Cash Out & Refinance Loans

North Coast Financial provides cash out and refinance loans in Los Angeles and throughout California. A refinance loan is typically used to secure a lower interest rate or a longer loan term. A cash out refinance loan is commonly used to borrow against equity in an existing piece of real estate to invest in another opportunity or various other short-term purposes.

To inquire about a cash out or refinance loan contact North Coast Financial now or visit our Cash Out & Refinance Loan page for additional information.

Recent Hard Money Loans in Los Angeles County

How to Obtain a Los Angeles Hard Money Loan

The hard money loan application process with North Coast Financial is fast and easy. The applicant must first complete and return a brief hard money loan application. Once the completed application is received by North Coast Financial, they will review and then notify the applicant whether or not their request has been approved. The approval process is often completed the same day the completed application is received.

Once the loan request is approved, North Coast Financial is able to fund the loan in as few as 3-5 days for investment property. Loans for owner occupied property generally take 2-2.5 weeks due to current federal regulations that even hard and private money lenders must follow.

Hard money lenders are mainly asset-based lenders. When considering loan approval, North Coast Financial is most concerned with the current value of the property used as collateral as well as the amount of equity the borrower has in the property. Issues on a borrower’s record such as poor credit scores, short sales, bankruptcies, foreclosures, and loan modifications can be overlooked in some situations. The borrower must have a considerable down payment to put towards a purchase or have sufficient equity within existing real estate to borrow against.

Once the has been approved, North Coast Financial quickly begins the loan process and works closely with the borrower until the loan has been funded. North Coast Financial prepares all the needed loan documents and disclosures and answers any and all questions from the borrower along the way.

When escrow is ready to receive funds from the lender, North Coast Financial will have the funds wired to escrow in order to close the deal.

What is a Hard Money Loan?

A hard money loan is similar to a conventional home mortgage. The borrower is provided with a loan and real estate serves as the collateral. The key difference is that hard money loans are funded by private investors instead of institutional lenders such as banks and credit unions.

Unlike institutional lenders, hard money lenders do not primarily focus on income history or credit scores. Hard money lenders are primarily concerned with the property’s value and borrower’s the equity in the property. The emphasis on value and equity allows for fast and flexible funding that banks aren’t able to compete with.

Hard money lenders typically require a down payment of at least 25-30%. This amount of down payment is higher than what banks and credit unions typically require. The trade off is that hard money lenders have fewer requirements for loan approval.

Hard money lending is for short-term use only. The borrower must have an exit strategy in mind when they are applying for the loan. Hard money loans of up to 3 years are often available to borrowers. Common exit strategies include refinancing with a conventional loan or selling the property.

Hard money lending companies have higher interest rates than conventional bank lenders. Los Angeles hard money loan interest rates typically range from 8-12% for a 1st (senior loan). Hard money 2nd loans can range from 11-14% interest as there is a greater amount of risk assumed by the lender in 2nd position. The specific rate will vary based on many variables such as the lender, borrower, property and loan to value requested. While hard money interest rates are higher than conventional loans, the flexible lending criteria and fast funding is typically worth the higher cost to the borrower.

Real estate investors in need of quick financing to secure a limited-time opportunity are often the biggest beneficiaries of fast hard money loans. Since hard money loans for real estate are only offered for short terms, the higher interest rates often aren’t a significant cost over the course of the real estate investment.

Los Angeles, California

Also known as the “City of Angels”, the city of Los Angeles is the largest city in California and 2nd largest in the country behind New York City. Los Angeles, California is known for its traffic, diversity, Hollywood, celebrities, film and television industries and great weather. The greater LA region is home to over 18 million people and was incorporated in 1850. The major industries of Los Angeles County include entertainment, media, fashion, technology and medicine.

Hard money loans (private money loans) are available in the following Los Angeles County cities and unincorporated communities: Agoura Hills, Alhambra, Altadena, Arcadia, Artesia, Avalon, Azusa, Baldwin Park, Bell, Bell Gardens, Bellflower, Beverly Hills, Bradbury, Burbank, Calabasas, Carson, Castaic/Val Dere, Cerritos, Claremont, City Terrace, Commerce, Compton, Covina, Cudahy, Culver City, Diamond Bar, Downey, Duarte, El Monte, El Segundo, Florence, Gardena, Glendale, Glendora, Graham, Granada Hills, Hacienda Heights, Hawaiian Gardens, Hawthorne, Hermosa Beach, Hidden Hills, Huntington Park, Industry, Inglewood, Irwindale, La Cañada Flintridge, La Habra Heights, La Mirada, La Puente, La Verne, Lakewood, Lancaster, Lawndale, Lennox, Lomita, Long Beach, Los Angeles, Lynwood, Malibu, Manhattan Beach, Maywood, Monrovia, Montebello, Monterey Park, Norwalk, Palmdale, Palos Verdes Estates, Paramount, Pasadena, Pico Rivera, Pomona, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, Rosemead, Rowland Heights, San Dimas, San Fernando, San Gabriel, San Marino, Santa Clarita, Santa Fe Springs, Santa Monica, Sierra Madre, Signal Hill, South El Monte, South Gate, South Pasadena, Temple City, Torrance, Vernon, Walnut, West Canyon Country, West Covina, West Hollywood, Westmont, Westlake Village, Willowbrook and Whittier

Los Angeles, California

Los Angeles, California

5.0 49 reviews

  • stacy faris ★★★★★ a month ago
    I was in need of a loan (2nd place) on my home to purchase some heavy equipment for my husband’s new business. I was researching various companies and … More reviews and ended up sending an inquiry to North Coast Financial. North Coast Financial exceeded my expectations. From the very first inquiry, Jeff responded in such a timely manner; answering all of my questions and concerns. He was honest and explained everything to me throughout the entire process. He also gave me a few options before determining if their loan was my best option. His father, Don, also joined in to process some of the paperwork. I cannot believe how quickly the money funded from start to finish. This company and all of the people working with them were very professional and efficient. I would highly recommend Jeff, his father Don and their team at North Coast Financial.
  • Cathy Dunn ★★★★★ in the last week
    I can't brag enough or be more grateful for Jeff and Team coming to the rescue in a matter of just days! We thought we were out of options to save … More this transaction and Jeff came thru in the clutch!! Jeff made it so simple with necessary documents and jumped into action - I would highly recommend Jeff and North Coast Financial, Inc to anyone because they will make it happen!!!
  • aohmura ★★★★★ 4 months ago
    North Coast Financial was excellent to work with from the very beginning. Jeff answered my initial email immediately and even followed up to ask if I … More had any more questions. After deciding to use North Coast, Jeff processed the initial documents in a very timely manner and then I worked with Don to finish up the loan process. VERY FAST and very PROFESSIONAL team. Thank you Jeff and Don! I would highly recommend you to anyone.
  • Travis Wingo ★★★★★ 2 months ago
    Jeff from North Coast made the process of securing a trust loan incredibly simple. He always replied to emails quickly, and was able to answer any questions … More we had and steer us in the right direction.
  • Robin Bishop ★★★★★ 5 months ago
    North Coast is an excellent lending company that was great to work with. Jeff and Don clearly communicated with me and my family about the nature of the … More Prop 58 Loan we needed to ensure success of our property transfer. The funds were delivered as quickly as promised. Thank you NCF!
  • Malaika Best ★★★★★ 10 months ago
    Don and his team are extremely professional and efficient to work with. Fees are standard for the industry and they were able to get my loan funded quickly. … More Their process is very streamlined which helps when you are multitasking projects. I will definitely use them again in the future.
  • John Sphar ★★★★★ 10 months ago
    We sold our home in the Bay Area and moved to Denver. We found the perfect Denver house for us and HAD to make an immediate offer, which we did. We had … More no agents for our the Bay Area house. We had to borrow almost 700k from a 401(k) plus other funds to get it done. 401(k)s must be replenished within 60 days, otherwise you pay regular income tax on the whole thing. This would have amounted to 200k-plus. We thought it would be a breeze. But we didn't realize how slowly the escrow/title companies wheels turn. Take it from us, if someone says x days for something to happen, add 3 days to it. It was so close, that we had to get a bridge loan from Don and Jeff in a very short amount of time. It worked. From the very beginning talking to Jeff, then closing with Don, the process was very smooth. The money was there sooner than we expected. We never did it before, but I can't imagine a stressful experience like that being easier. Don really cared about our situation. Granted it's an expensive loan, but is was 10% of what the income tax hit would have been. I think the best part was that they really cared about our situation. Ten out of ten would be our rating for these guys.
  • Terri ★★★★★ a year ago
    I found myself in a very difficult financial position during probate. I did not want to use a hard money lender. I googled and found North Coast Financial. … More I called and Don picked up the phone which was hard to believe. He was clear, concise and professional. The loan closed quickly and exactly like Don stated with no surprises. I was able to move forward with the probate.
    Thank you !
    Terri G.
  • Anthony Morgan ★★★★★ a year ago
    Don was excellent to work with. Precise and knowledgeable. He was able to work with a scenario that many other lenders I approached could not and handled … More unexpected issues promptly and efficiently. Highly recommend working with him.
  • Tamara Bachofer ★★★★★ 10 months ago
    North Coast Financial Inc. Don Hensel, Thank you for your help!
    We needed cash fast because the real estate market has been busy in the San Bernadino
    … More Mountains with multiple offers, cash buyers, new listings are selling in minutes and to the highest offer. These guys came through for us and we closed escrow yesterday. Hassle Free, No Drama! Thank you! Don Hensel & Jeff Hensel NORTH COAST FINANCIAL Inc. Funded in 10-days! Hurray!
  • Ra ja ★★★★★ a year ago
    After being declined for a VA loan due to the tightened restrictions during the covid outbreak, we threw a hail Mary and contacted Don to help us make … More the loan go through. It was a tough decision to use a hard money loan but Don made the whole process super quick and easy, allowing us to close on an amazing investment property. I'd recommend him again and again!
  • Margarita Delarosa ★★★★★ a year ago
    Thank you North Coast Financial!
    I can’t say enough about the great care and service provided by Don Hensel.
    Don really looked out for us and guided us
    … More in the right direction. Even though I wanted to be aggressive he looked out for my best interest and future.
    I made numerous calls to Don over the years about everything and anything and he was always there to help!
    Great customer service is what I value most and Don Hensel exceeded my expectations!
  • Kevin Riley ★★★★★ a year ago
    Excellent experience from day one to close. Communication and support through the process could not have been smoother.
  • Dennis Snow ★★★★★ a year ago
    Very professional and expedient service. Always available and addressed questions quickly. We highly recommend North Coast Financial
  • Mathew Alden ★★★★★ a year ago
    I am an attorney who handles probate cases. I had a probate case in which a foreclosure was set in several weeks for estate property. North Coast Financial … More expedited their loan process to refinance the property and save it from foreclosure. Obtaining a loan is one thing, but finding a lender who can work under restrictive time constraints is another.
  • Vincent Hassel ★★★★★ a year ago
    I am extremely impressed with North Coast Financial. I went through the process of setting up a loan and was about to have the loan funded, but had a last … More minute change in circumstances resulting in me cancelling this loan. I felt bad about having to cancel this loan after all the hard work completed by North Coast Financial without a single dollar out of my pocket. When I notified them of the cancellation, they were very pleasant and understanding about the situation. I ultimately did need the loan about 1 month later and the process was very smooth.
  • Frank ★★★★★ a year ago
    Don was a gem to work with and very professional throughout the entire process. He's a straight shooter and honest in his communication and actions. … More I'd most certainly contact Don if needed again in the future. Thank you Don.
  • Jay Jacobs ★★★★★ a year ago
    Fast and efficient. A pleasure to do business with!!
    Thank You!
  • Jerry Sargent ★★★★★ a year ago
    Excellent service and communication! Jeff and Don Hensel of North Coast are experts in their field and I have nothing but positive things to say about … More their service.
  • David Glover ★★★★★ 2 years ago
    NCF was great! Don and Jeff were easy to work with and handled my loan efficiently. The process was quick and i received great customer service all along … More the way. I highly recommend NCF.