At GRO Los Angeles Hard Money Real Estate, we understand that securing financing for your real estate projects can be challenging. Our mission is to provide you with reliable, quick, and customizable hard money lending solutions to help you achieve your investment goals. Whether you’re working on a fix-and-flip project, a new construction, or refinancing an existing property, we have the expertise and resources to support you every step of the way.
Our Programs
Whether you are renovating a fix and flip or building new construction, our short term bridge loan provides a first-class experience for any investor. Our signature in-house process and team helps stress-test and evaluate your deal based on risk and profitability. Upon approval, our team will provide you with funds for the construction and acquisition of your project.
Build wealth and your portfolio of rental properties as an investor and landlord with our rental program which provides long-term financing for your 1-4 family properties. Investors get a first class experience with our in-house process, from processing, underwriting and funding. We custom tailor each loan based on your needs for each property.
Complete this form to receive a quote for loan terms and options related to your short term bridge opportunity. Use this for your fix and flips, fix to rents, new constructions, and bridge loan inquiries.
Complete this form to receive a quote within 24 hours for loan terms and options related to your rental property. This is for rental purchases, refinances, cash-out refinances, and short term rentals.
Complete your pre-approval application today to better position yourself for the fastest service possible as you are looking at potential opportunities. Along with getting familiar with our team and process, we can get to know you and your lending needs. Enjoy the benefits of having unlimited access to proof of funds letters when making offers, and being pre-approved will expedite your approvals and time to close.
Complete this form to receive a quote for loan terms and options related to your rental property. This for rental purchase, refinance, cashout refinance, and short term rental. Once we receive this information you’ll receive a quote within 24 hours.
Got a question? We’re here to help.
For our Fix/Flip, New Construction, and Bridge our typical term is 12-18 months depending on the project size. For our DSCR rental loans the term is 30 years with varying options for prepayment penalty and ARM’s with interest only periods if they are desired.
For our Fix/Flip, New Construction, and Bridge we will close typically in 2-3 weeks but can close faster with appraisal, title, and other necessary docs in hand. Our Rental DSCR can close in 4-5 weeks. We can close quicker with above-average response times, great organization, and preparation.
Depending on the loan product and duration the rates will vary based on experience, credit, and the overall deal. For our Fix/Flip, New Construction, and Bridge rates are currently between 10-12%. Rental DSCR are between 7.5-9.5%
We charge 2-3 points on most deals and are dependent on the experience, credit, and loan type. The points are paid up front at closing with your other associated closing costs.
Our lender’s legal fee is $1000 and the commitment fee is $995 and a $40 wire fee. For each draw request the draw inspection fee is $250.
We hire a vetted third party AMC or appraiser for all of our properties we are lending on. If you have a requested appraiser we can get their license, examples of appraisals, and see if we can get them added on our list of approved appraisers for future appraisals.
We will work with you if you need additional time and the loan is current and up to date with payments and the insurance is current. We offer on a case by case basis 30 day, 3 month, and 6 month extensions depending on the situation. When extending the loan it is subject to a 1-2 point extension fee.
For our Fix/Flip, New Construction, and Bridge loans we do not have any prepayment penalties. Our Rental DSCR loans have varying prepayment penalties that can be chosen from 1-5 years.
We are looking at both the deal and the borrower(s). Part of the asset in the deal is the operator and a good deal can be spoiled by a bad borrower. We want to understand if the deal makes sense and that we are comfortable that the borrower will make their payments on time, complete the project within the term period, and return the money to us.
Our loans are considered “light doc” loans where we are looking at the liquidity, creditworthiness, experience of the borrower, and deal specifics. We require proof of liquidity through bank statements and a stated income personal financial statement but we are not looking at tax returns and income verification.
For experienced investors our minimum is 650 and for newer investors and our rental DSCR loans 680 is our minimum.
We only perform a hard pull on live fix/flip, new construction, and bridge loans. That credit report can be used for subsequent deals usually up to 3-6 months and after that time we may request to have an updated credit report on file for upcoming projects.
We cannot fund within 5 years of a recent bankruptcy or foreclosure.
Depending on experience we require for 10-30% of the purchase price for money invested in the deal that is not covered by the approved loan amount. In addition, we look to see there is enough money available for closing costs, interest payments, and working capital before draws are paid.
Yes. Our leverages (LTC) and/or the percentage of the project that is needed to be brought into the deal (skin in the game) by the borrower will be lowered as more deals are completed. It is merit based and once you have completed 6+ projects you can unlock our highest leverage tier of 90% of Purchase and 100% of Construction up to a maximum of 70% ARLTV
We cannot count deals that were not either fix/flips, new construction, or rental properties purchased. Wholesale and performing projects for other investors where you are not on the LLC or loan as a guarantor would not be counted towards experience.
Yes. Prior to closing we will responsibly source the funds that will be needed to close on property and also get through the project without running out of money. The funds would need to be moved into a personal or business bank account prior to closing. For our Rental DSCR there is a 3 month seasoning period for all funds to be in your accounts.
We do not fund construction funds up front. Depending on your relationship with your contractors we will reimburse completed work. As you complete work you can request a draw reimbursement and once we get the inspection.
Generally 3-5 business days. It can be quicker and as we complete more draws and deals together it can be completed quicker. Also, it can sometimes get delayed from the time we order the inspection once the request is submitted when the inspector reaches out to schedule the inspection and coordinate payment for the report to be sent to us for final review.
We lend in all states except for North Dakota, South Dakota, Minnesota, Vermont, Oregon, Wyoming, Nevada, Arizona and Idaho.
Our minimum loan size is $100,000. We will lend sometimes below $100,000 on a case by case basis from $75,000-$100,000 depending on the deal structure and location. Our rental DSCR loans require a minimum of $100,000/unit for a refinance/purchase with our term loan program.
Depending on where the property is located we may not be able to lend if it is designated as rural. This usually is an issue due to population density and if we are not comfortable with getting comps that are within a reasonable distance to the property.
Our term and bridge loans will allow for commercial properties but only 5+ unit multifamily and mixed-use where more than 50% of the property is made up of residential units and is over $250,000. We do not lend on pure commercial or special use properties.
We do lend on fire damaged properties but would be heavily weighed on the strength and experience of the operator with the properties condition.
We cannot lend to a personal name due to our loans being commercial loans. We can only lend to an entity i.e. LLC, S-Corp, C-Corp, etc…
Trust can be complicated to lend on or refinance with but we can look at the trust documents on a case-by-case basis and determine what challenges or if it would preclude us from lending to one. The trust would be required to be irrevocable in all cases if we were able to lend to one.
After our application has been completed and submitted an underwriter from our team would reach out to go over the deal and information provided including financials, experience, and next steps. After the borrower interview call if we mutually decide to move forward we would order the appraisal from one of our vetted sources by either an AMC (Appraisal Management Company) or approved appraiser.
If you have a preferred relationship with a title company and insurance broker you can order both of them yourself once we complete the borrower interview. If you would like recommendations on both we can direct you with some of our preferred vetted partners in each category. You would provide to us the contact information for each vendor and our team would include them on all correspondence.
We control all of our loan decisions related to our loans we originate. We deploy our own funds on select projects as it is available and also manage multiple capital sources to provide the very best options and flexibility for our borrowers.
Unfortunately for all of our loans we must be in the first and only lien position. With a seller holdback we cannot lend unless we pay off the seller holdback lien and then we can refinance into a new loan where we are the sole and only lien holder.
We cannot lend on specialized housing like bed and breakfast, rooming homes, hotels/motels, due to the use of the property being commercial use.
Unlock the potential of distressed properties with our fix and flip loans. Whether you're renovating a single-family home or a multi-unit building, our loans provide the capital needed for repairs and improvements, helping you maximize your return on investment.
Bring your construction projects to life with our construction loans. We offer financing for various types of construction, including new builds, remodels, and large-scale developments. Our loans are designed to cover both the hard and soft costs associated with construction.
Our bridge loans offer a temporary solution to bridge the gap between the sale of one property and the purchase of another. Ideal for investors and property owners, these short-term loans provide quick access to capital, enabling you to act swiftly and take advantage of opportunities.
Improve your existing financing with our refinance loans. Whether you’re looking to lower your interest rates, reduce monthly payments, or access equity, our refinance options are tailored to meet your needs.
Invest in commercial properties with confidence through our commercial real estate loans. We offer financing solutions for various commercial ventures, including office buildings, retail spaces, and industrial properties..
Build a portfolio of rental properties with our capital. Whether you’re purchasing new properties or refinancing existing ones, we offer customized solutions tailored to your rental property investment goals.
Our team of professionals brings years of experience in hard money lending and real estate financing. We have the knowledge and expertise to handle diverse lending scenarios and provide tailored solutions.
We prioritize your needs and work closely with you to ensure a smooth and successful lending experience. Your satisfaction and success are our top priorities.
Our efficient approval process and quick turnaround times mean you won’t be left waiting. We understand the urgency of real estate investments and are committed to providing timely financing.
Benefit from competitive rates and favorable terms that are designed to suit your financial situation. We strive to offer the best possible rates to support your investment goals.
"GRO Los Angeles Hard Money Real Estate was a lifesaver for my fix-and-flip project. Their quick approval process and flexible terms made all the difference in getting the job done on time.”
“I was impressed by the professionalism and expertise of the team at GRO Los Angeles Hard Money Real Estate. Their support during my construction project was invaluable, and they helped me navigate the process seamlessly.”
“The bridge loan I received from GRO Los Angeles Hard Money Real Estate helped me secure my new property while I was waiting to sell my old one. Great service, fast turnaround, and a smooth experience overall!”
GRO Los Angeles
Hard Money Real Estate
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