Torrance, CA Hard Money Lenders

Bridge Loans Lenders in Torrance, CA

Hard money lending in Torrance and surrounding regions couldn’t be more comfortable with RTI Bridge Loans. For over three decades, RTI Bridge Loans has been offering every financing and loan type possible to property owners and real estate investors in the Los Angeles communities like Torrance. You partner with a professional hard money lending service committed to helping you with quick and reliable financing for your next fix and flip or property project in Torrance.

Do not hesitate to drop us a message here if you want to learn more about what Torrance real estate market holds in store for you and the available financing options.

40 Years Of Experience

Partner with one of the most reliable and professional direct hard money lenders in California with over 40 years of hard money lending experience.

Fast Approvals And Funding

Quick approvals and direct funding when time is off the essence and need capital on critical opportunities in this fast-moving real estate market.

Leverage Your Money

Maximize Leverage with our financing up to 70-80% LTV of the residential, commercial or mixed project at competitive hard money loan rates.

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We Fund California Real Estate Projects

RTI Bridge Loans, one of the most experienced direct hard money lenders in California serving Los Angeles and Orange County. We fund hard money loans to Real Estate Developers and Investors, regardless of the size or a challenge of the project, ranging from Bridge Loans, fix and flips to Private money Loans and commercial acquisitions. We provide quick approval and funding with competitive rates and reliable service through asset-based lending for various real estate projects and transactions.

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Hard Money Lender Page Contents:

Torrance, CA Hard Money Loans
Torrance, CA Private Money Loans
Torrance, CA Fix & Flip Loans
So, What Exactly Are Hard Money Loans?
The Top Advantages Of Hard Money Loans
Hard Money Loan Disadvantages
Hard Money Loan Types
Partnering with Hard Money Lenders in Torrance, CA
Latest Real Estate Market Trends in Torrance, CA

Torrance Hard Money Loans

In Torrance, CA, RTI Bridge Loans provides a broad range of Hard Money Loan offerings, including commercial real estate loans, private money loans, bridge loans, and fix and flip loans.

Short-term, fast-funded, and secured by a real estate property, Hard Money Loans are a quick way to finance your next real estate investment, saving you from the troubles associated with typical bank loans.

RTI Bridge Loans remains committed to helping you turn your real estate financing dreams into a reality, whether you are looking for cold hard cash or you do not qualify for traditional bank or financial institution loans.

Call RTI Bridge Loans today at (562) 857-2285 for a heart-to-heart conversation about the best bridge loan solution for your next property project in Torrance, CA.

Torrance Private Money Loans

Serving Torrance and surrounding communities in the Los Angeles, CA, RTI Bridge Loans is a Private Money Lender experienced in offering these hard money loans. Private money loans are short-term loans typically used to buy a new real estate property. RTI finances these private money loans, helping you finance a commercial property and rental properties in Torrance, CA.

Boasting a population of over 145,400 and a population growth rate of 1.32%, you can expect to see Torrance, CA, grow significantly over the next few years. You certainly have no excuse for not making your move now as a focused investor looking to expand their property portfolio in the area. Get in touch with RTI Bridge Loans today to get your next project started!

Torrance Fix & Flip Loans

Highly prevalent in Torrance, Fix and Flip Loans are a loan type that enables you to purchase a property at a price lower than the market value, rehabilitate it, and sell it as quickly as possible for a high profit. You pay off the loan after selling the property.

Given the short loan term (roughly one year), your lender gives you enough time to revitalize the property and put it up on the Torrance housing market. RTI Bridge Loans has over 40 years of experience in financing Fix and Flip projects- call us today at (562) 857-2285 and start renovating a property today for incredible profits.

So, What Exactly Are Hard Money Loans?

It is common for investors to ask what hard money loans are- most even wonder whether these loans are legit. If you are experiencing difficulties with traditional bank loans, don’t want to wait the extended time it takes to get one, then a hard money loan might be an excellent option for you.

Hard Money Loans are a speedy way to borrow money without using typical mortgage lenders. Hard money lenders or companies take a different approach: they are less concerned with your ability to pay and lend based on the value of the property serving as the collateral. Should anything go wrong and you cannot repay the loan, the lender recovers the money by taking and selling the collateral.

There exist several types of hard money loans, including private money loans, fix and flip loans, bridge loans, commercial property loans, and more. They are typically short-term, lasting between one and five years. They also attract higher interest rates than traditional bank loans.

Generally, the same rules apply to the different types of hard money loans. But unlike traditional bank loans, you do not have to take endless steps and several months to acquire one. Reach out to RTI Bridge Loans today for more information on these loan types and which one best suits your needs.

The Top Advantages Of Hard Money Loans

As aforementioned, there are several benefits to acquiring Hard Money Loans. Following are the top 3 reasons why investors choose hard money loans over traditional bank loans.

They Are Fast:

When applying for a traditional bank loan, you not only need an excellent credit score and a good reason, but you also need to have the patience of the Biblical Job (we are talking at least eight weeks of waiting). The case is different for hard money loans. At RTI Bridge Loans, funding takes as little as 3-5 days (14 days maximum). We ensure you have your money ready to finance a new property in the soonest time possible.

They Are Flexible:

Besides being rigid, traditional bank loans come with have stringent guidelines- hard money loans don’t. Though each Hard Money Lending company has its regulations and rules, you only need to jump a few hoops to get the loan. Hard money lenders base their decision on the collateral, meaning you do not have to worry if you lack a perfect credit score.

Hard Money Lenders Help Finance Projects Often Rejected by Banks:

Banks look for specific things when analyzing your loan eligibility and are more likely to reject several financing projects that a hard money lending company would not, including fix and flip loans. Also, banks typically do not offer short-term loans, whereas hard money lenders focus on short-term loans.

Get in touch with RTI Bridge Loans in Torrance at (562) 857-2285 for all concerns or questions you have regarding hard money loans.

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Hard Money Loan Disadvantages

Everything in the real world has pros and cons, and many people find hard money loans unappealing for a few reasons discussed below:

» High-Interest Rates:

Because hard money loans are short term, they come with naturally higher interest rates, typically ranging between 9 and 15%. The higher risk involved in hard money loans is another reason why interest rates tend to be higher than conventional loans.

» High Down Payments and Required Equity

Hard money lenders overlook blemished credit or previous foreclosures/bankruptcies because they require borrowers to pay higher down payments or substantial equity in the property they own. Down payments lie somewhere between 25-35%, without which the lender is taking a serious risk if they decide to finance your property.

» They are Short-Term and Last Resort

Often written for only six months to 12 months and highly risky for both investors and lenders, hard money loans are conventionally considered the last resort option. The more the loan term extends, the riskier it gets for the lending company because interest rates can change substantially with time.

Different Types of Hard Money Loans

As previously mentioned earlier, several types of hard money loans are applicable to different projects and funding situations. Contact RTI Bridge Loans at (562) 857-2285 to learn more about hard money loans in Torrance, CA.

» Hard Money Loans:

A hard money loan is a primary term for lending money secured against real property. Short-term and lasting about one year, hard money loans have a high-interest rate, and monthly payments are usually interest-only. Should you default on payments, the lender sells the collateral to recover their money back.

» Bridge Loans:

Bridge loans are tailored to people trying to acquire new property without first selling their old one. Bridge loans serve as a bridge between an old and new property. In this case, you pay the loan in full when you sell your old estate. If you want to relocate without waiting for your old home to sell, a bridge loan could be your best bet.

» Fix & Flip Loans:

Fix, and flip projects involve purchasing a property, renovating it, and then flipping it for a higher profit. Investors often buy the homes at a discount due to their condition, and the renovations may range from necessary improvements to complete reconstruction of the property.

Talking of fix & flip loans, the property involved serves as the collateral. The borrower pays the loan back in full after renovating and selling the property.

Partnering with Hard Money Lenders in Torrance, CA

RTI Bridge Loans boasts over three decades of experience serving hard money loans to the Los Angeles metropolitan area, including Torrance cities. We pride ourselves in offering quick funding in a community where properties are in high demand, considering that banks do not provide the financing fast enough for investors to grab the properties. Contact RTI Bridge Loans today for any questions you might have about hard money loans and Torrance real estate market.

Latest Real Estate Market Trends in Torrance, CA

Torrance real estate offers investors several options, whether they want to invest in single-family homes, apartments, rowhouses, or duplexes. Occupying 53.51% of the city’s housing units, single-family homes are the most prevalent housing types in Torrance, CA. 57.76% of homes in Torrance are owner-occupied, while 45.24% are renter-occupied.

As of January 2021, the median home listing price in Torrance was $827k, up by 3.8% from January 2020. The median listing price presently per square foot is $529. However, Torrance homes’ current median sold price is $835.4k, equating to a sales-to-list ratio of 100.64%.

The median list price for single-family homes, condos, and townhomes in Torrance are $929k, $499k, and $787.4k, respectively.

In January 2021, the average rental rate in Torrance, CA, is $1,319 for studio apartments, $1,968 for 1-bedroom apartments, and $2,707 for 2-bedroom apartments, and $2,771 for 3-bedroom apartments.

Torrance housing market is presently a seller’s market, meaning that the demand for properties exceeds the supply. This makes 2021 the absolute best time to invest in Torrance real estate market. Contact RTI today at (562) 857-2285 for reliable hard money financing and more information about the city’s housing market.