Frequently Asked Questions

A hard money loan is a short-term real estate loan from a private lender that is secured by the equity in the property rather than driven primarily by the borrower's credit score or tax returns. Because the decision is based on the property, a hard money loan can close in days instead of weeks. Private Money Solutions has been a direct hard money lender in Los Angeles since 2001, funding first, second, and third mortgages on residential and commercial real estate throughout California.

Most Private Money Solutions loans close in 5 to 10 business days. We review the scenario over the phone, issue a Letter of Interest the same day if the deal fits our parameters, walk the property, and then order loan documents. Purchases, cash-out refinances, and loans that have to close by a deadline are what we fund every day. To get started, call or text (818) 917-4145 with the property address, loan amount, and purpose of the loan.

We lend on residential, multifamily, commercial, and mixed-use properties anywhere in California, including owner-occupied properties when the loan is for a business purpose. Loan types include acquisitions, cash-out refinances, lines of credit, and first, second, or third mortgages, from $300,000 to $25 million with 12, 18, and 24 month terms. As a direct lender backed by family office capital, we fund with our own money, so there is no middleman between you and a decision.