Covina Hard Money Loans

Hard Money Loans in Covina

Buying a Covina property to renovate, rent or resell is a business decision, and the financing differs from a regular home loan. Jay Romero helps investors connect with private lenders for non-owner-occupied real estate in the San Gabriel Valley area. A Metrolink San Bernardino Line station serves the city, and the I-10 runs along its southern side.

What Investors Use It For

Typical business-purpose uses include: New construction and large remodels on investment property. Rental purchases, including small multi-unit buildings. Bridge financing when an investor wants to buy before selling another property. Fix-and-flip loans for the purchase and sometimes the rehab. Many Covina streets are lined with older single-family homes, which is where investors often look for dated houses to update and resell or rent.

How Asset-Based Lending Works

With private money, the property secures the loan, and the lender wants a clear plan to repay within a short term, often by a sale or refinance. Rehab funds, if offered, are paid in draws. We also serve investors in West Covina, Azusa and Walnut.

Contact Us About Covina Investor Loans

Call or text Jay at (949) 822-8702, or text us about your project with the property city and your plan. Please mention Hard Money Page – Covina so we know which page you saw. Looking for property? See Covina Homes for Sale.

Investor Loan Questions

Is hard money for buying my own home?
No. This page covers business-purpose loans for non-owner-occupied property only. For a home you will live in, ask about home loans.

Does it cost more than a bank loan?
Usually yes. Private loans tend to have higher rates, points and fees than bank financing. Exact terms come only from the lender.

Private, business-purpose loans for non-owner-occupied real estate only, not for a home you will live in. Funded by third-party private lenders or investors, not by Miamar Realty. They usually cost more than bank loans and may end in a balloon payment. If you cannot sell or refinance in time, you could lose the property. This is not a commitment to lend. All loans are subject to lender approval, property review and underwriting, and not all applicants qualify. If Jay is also your agent, he may be paid in both roles. You may use any lender. Jay Romero, DRE 01343079, Miamar Realty. Real estate broker, California Department of Real Estate. Equal Housing Opportunity.

Keep Exploring

• Selling a Home in Covina
• Los Angeles County city guides
• Selling with Miamar Realty