Hard money is short-term, asset-based financing secured by the Burbank property — funded in days, based on equity not income. Typical: ~9.5–15% rate, 1.5–4 points, 65–75% LTV, 6–24 months. Ideal to move fast, renovate a dated home, or bridge a move-up — then refinanced. Full program details.
On this page
How hard money works
A hard money lender cares first about the property and its equity, not your tax returns. Because approval skips lengthy income underwriting, funds can arrive in days. The higher rate and points are the cost of speed — fine, because it's a short-term tool: acquire and improve, then refinance into a conventional or DSCR loan, or sell.
When Burbank buyers use it
✓ Great for
- Renovating a dated home into your move-in home
- Value-add investment projects
- Bridge: buy your next home before selling
- Moving fast on a scarce good listing
✗ Not ideal for
- Long-term hold with no exit plan
- Buyers with time for standard financing
- Lowest-possible-rate seekers
- Deals with thin equity
Typical terms (2026)
| Feature | Typical |
|---|---|
| Basis | Property & equity — not income; as-is OK |
| Rate | ~9.5–15% |
| Points | ~1.5–4 |
| LTV | ~65–75% |
| Term | ~6–24 months |
| Exit | Refi to conventional/DSCR, or sell |
Terms vary by lender, deal & equity; illustrative for 2026, not an offer.
Hard money FAQs
What is it?
Short-term, asset-based financing secured by the property.
Why in low inventory?
Buy the fixable home fewer want, renovate into the one everyone wants.
Bridge a move-up?
Yes — buy your next home before selling; repay when yours sells.
Typical terms?
~9.5–15% rate, 1.5–4 pts, 65–75% LTV, 6–24 mo. Illustrative.
Offer it in Burbank?
Yes — with a conventional or DSCR exit.
Save Financial is a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766), serving Burbank from its Marina del Rey office.