Hard money is short-term, asset-based financing secured by the Glendale 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 compete with cash, fund value-add, or bridge — 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 Glendale buyers use it
✓ Great for
- Competing with cash on a hot listing
- Value-add on older central homes & small multis
- Bridge: buy before you sell
- Investors needing to move fast
✗ 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 |
| Rate | ~9.5–15% |
| Points | ~1.5–4 |
| LTV | ~65–75% |
| Term | ~6–24 months |
| Speed | Days to ~2 weeks |
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.
Helps in a competitive market?
Yes — closes in days for a cash-like, low-contingency offer.
Use it to renovate?
Yes — buy & renovate, then refinance to conventional/DSCR or sell.
Typical terms?
~9.5–15% rate, 1.5–4 pts, 65–75% LTV, 6–24 mo. Illustrative.
Offer it in Glendale?
Yes — with a conventional, DSCR, or construction exit.
Save Financial is a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766), serving Glendale from its Marina del Rey office.