In 2017, the Los Angeles housing market reached new heights as the average median sale price for homes in Los Angeles soared as high as $575,000.
CoreLogic, a California based corporation that provides consumers and businesses with data and analytics regarding the housing marketing, recently ran a report that predicts that prices of homes in Los Angeles County will continue to rise as high as 6.4% by the end of the year.
With housing prices projected to continue to rise through 2018, now is the time to act and act quickly. The quickest way for investors to get the capital they need to invest is to utilize hardmoney loans in Los Angeles.
Why Hard Money Loans?
Hard money loans are vehicles that investors use to purchase real estate that does not require impeccable credit nor a large amount of cash up front.
Typically, investors who work with hard money lenders can receive their loan within a couple of weeks or less. The lender and investor can typically come to an agreement after a quick conversation and the overall loan application process is much quicker and easier than it is when applying for a traditional loan.
Who Qualifies for a Hard Money Loan?
Many investors, who utilize hard money loans, are individuals who are looking for quick access to capital to make a short term investment. Hence, people who utilize hard money loans are usually looking for terms ranging from one to five years.
Individuals who consider hard money loans as an option for buying a home usually intend to refinance their loan as soon as a more favorable interest rate is available to them.
Hard Money Loans in Los Angeles
If you’re an investor who is looking for quick funding, then consider PB Financial Group Corporation is your solution. PB Financial Group has been funding investors since 2006 and has funded over 1700 hard money loans in Los Angeles and is ready to help you succeed.