Hard money is short-term, asset-based financing secured by the Manhattan Beach 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 for luxury tear-down/rebuild lot acquisition, beating cash, and bridge — then refinanced. Full program details.
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How hard money works
A hard money lender looks first at the property and its equity, not your tax returns. Skipping lengthy income underwriting means funds can arrive in days. The higher rate and points are the cost of speed — fine, because it's a short-term tool: buy fast, then refinance into a construction or permanent loan, or sell the finished home.
When Manhattan Beach buyers use it
✓ Great for
- Luxury tear-down & rebuild lot acquisition
- Beating cash offers on a prime lot
- Bridge: buy before you sell
- Owner-builder & spec projects
✗ 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. Confirm zoning/permits independently.
Hard money FAQs
What is it?
Short-term, asset-based financing secured by the property.
For a tear-down/rebuild?
Yes — fund the fast lot buy, then construction & exit; confirm zoning/permits.
Beat a cash offer?
Yes — closes in days for a cash-like, low-contingency offer.
Typical terms?
~9.5–15% rate, 1.5–4 pts, 65–75% LTV, 6–24 mo. Illustrative.
Offer it in MB?
Yes — with a construction or permanent exit.
Save Financial is a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766), serving Manhattan Beach from its Marina del Rey office. Confirm zoning, permits, and buildability independently.