California & Florida hard money lender since 1997
Hard Money Loan Rates in California
STARTING AT 7.9% · UP TO 90% PURCHASE · FUND IN 5 DAYS
Hard money for flippers, landlords, and builders. Up to 90% of the purchase price, up to 100% of repair costs, and funding in five days or less. Over 25 years serving real estate investors in California and Florida — no bait-and-switch, no games.
What hard money loans cost in California right now
Rates start at 7.9% on our 2- and 3-year buy-and-hold program and run 9.9% to 10.9% with 1 point on rehabber and flipper purchase-price loans. Pricing is quoted per deal — the ranges below are what most investors see.
Interest rate
Starting at 7.9%
Origination points
1 – 2 points depending on program
Purchase leverage
Up to 90% of purchase price
Repair financing
Up to 100% of repair costs (10/100 program)
New construction
Up to 65% of future ARV · 20% down
Loan term
1 year (flip) · 2 or 3 years (hold)
Time to fund
As fast as 5 business days
Lending states
California and Florida
Business-purpose loans on non-owner-occupied 1–4 unit residential property. Ranges are typical, subject to change and underwriting approval, and are not a commitment to lend.
California & Florida loan programs and rates
Flexible financing built for flippers, landlords, and builders.
10/100 Program — Rehabber / Flipper
10% down · 100% repairs
Maximum leverage for flippers: up to 90% of the purchase price and up to 100% of repair costs financed, so you keep cash reserves and take on more projects.
Points
Program Pricing
Leverage
Up to 90% of purchase price
Term
Short-term
Purchase Price — Rehabber / Flipper
9.9% – 10.9%, 1 point
Competitive rates and streamlined approvals with up to 90% purchase price financing. You fund the rehab and write stronger offers with confidence.
Points
1 point
Leverage
Up to 90% of purchase price
Term
Short-term
New Construction — Build to Flip
20% down
Ground-up financing for spec homes and small builders. Must be permit-ready with the land owned free and clear. Flexible draw schedules keep the build moving.
Points
Program Pricing
Leverage
Up to 65% of future ARV
Term
Ground-up
3-Year Program — Buy & Hold
Starting at 7.9%
For landlords and buy-and-hold investors on non-owner-occupied 1–4 unit residential. Clear prepayment structure: 12 months (2-yr) or 24 months (3-yr).
Points
1-2 points
Leverage
Up to 65% LTV
Term
2 or 3 years
What determines your hard money rate
Two investors buying on the same street can get very different quotes. These four factors move your rate the most.
Program & Leverage
The 3-Year buy-and-hold program starts at 7.9% at up to 65% LTV, while high-leverage flipper money at up to 90% of purchase price prices in the 9.9%–10.9% range. More leverage means a higher rate.
Property Type & Location
We fund non-owner-occupied residential 1–4 unit properties across California and Florida. No mobile homes, commercial, or cannabis projects. Small residential-commercial deals are reviewed case by case.
Loan Term & Exit
A clear exit — resale, refinance, or a defined hold — drives pricing. Flip terms are typically one year with no prepayment penalty; the 2- and 3-year programs carry a defined prepayment window.
Experience & Available Funds
Credit score and available funds (cash, credit lines, maturing CDs, borrowable stock accounts) factor into your quote. Entities and self-directed IRA accounts are accepted.
Deal review with Craig Hill
Make sure the numbers work before you borrow. With 30 years in lending alongside Bruce Norris, Craig Hill has evaluated and funded hundreds of millions of dollars in California real estate investments.
Maximum safe purchase price
Determine if you're buying at the right number — and what margin truly protects you.
Budget + timeline reality check
Identify common under-estimations and make sure scope matches market expectations.
After-repaired value confidence
A realistic, data-backed ARV based on decades of experience across market cycles.
Profitability breakdown
See whether the deal will perform — and how much room you have for error.
Loan strategy guidance
The best loan for your exit plan: flip, new construction, or long-term hold.
“This is not theory. It's real-world guidance shaped by 30 years in the trenches with California investors.”
— Craig Hill, TNG Loan Officer
Your trusted lender since 1997
Funding California and Florida real estate investors since 1997.
No bait-and-switch tactics — straight answers on rate, points, and fees.
Quick closings, in as little as 5 business days.
Millions funded every month for Main Street investors.
Programs for flips, ADUs, new construction, and long-term holds.
Non-recourse loans available via IRAs and Solo 401(k)s.
Counties we lend in
Los Angeles
Orange
San Diego
Riverside
San Bernardino
Fresno
Bakersfield
Ventura
Kern
Santa Clara
Santa Barbara
San Francisco
Frequently Asked Questions
Get started with California's and Florida's trusted hard money lender. Fast funding, competitive rates, no games.
What are current hard money loan rates in California?
The Norris Group's rates start at 7.9%. Your project "rate" depends on the program, your leverage, the property, and your exit strategy — we quote on the actual deal, not a generic rate sheet.
What type of properties do you fund?
Non-owner-occupied residential single-family properties from 1 to 4 units, in California and Florida. Programs range from standard fix and flip to buy and hold rentals to new construction. Small apartment buildings may be considered — call us. These are business-purpose loans. We do not fund mobile homes, commercial, or cannabis projects.
How much can I borrow against purchase price and repairs?
The 10/100 program funds up to 90% of the purchase price and up to 100% of repair costs, so you put roughly 10% down and finance the rehab. The Purchase Price program also goes up to 90% of purchase price, but you fund the rehab yourself in exchange for a competitive 9.9%–10.9% rate at 1 point.
How long does it take to close a hard money loan?
We can close in as little as 5 business days once we have a complete file — appraisal or valuation, title, and insurance in place. Clean files with a full scope of work move fastest. Speed is the main reason investors choose hard money over bank financing.
How do I get pre-qualified?
Complete the loan application with your approximate credit score and available funds. Available funds may include cash on hand, credit lines, maturing CDs, or stock accounts with borrowing power — not small-balance credit cards, IRAs, retirement accounts, or another person's funds unless they are a co-borrower. If you already have a property in escrow, select Yes so your file is routed through the faster process. On approval you receive a Letter of Credit, which in most cases can be treated the same as cash when making offers.
Can I use a hard money loan for a rental property?
Yes. The 3-Year program is built for landlords and buy-and-hold investors: starting at 7.9%, 1–2 points, up to 65% LTV on non-owner-occupied 1–4 unit residential, with a 2 or 3-year term and a defined prepayment window so you can match financing to your exit.
Do you allow entities or IRA funding?
Yes. Corporations, partnerships, and LLCs are accepted, as are self-directed IRA accounts. We also offer non-recourse loans via IRAs and Solo 401(k)s for tax-efficient, hands-off investing.
What areas do you lend in?
The Norris Group lends across California and Florida, including Los Angeles, Orange County, Riverside and San Bernardino counties, San Diego, the Central Valley, Sacramento, and the Bay Area. We have been funding real estate investors since 1997.
Ready to fund your next deal?
Send us the address, purchase price, rehab budget, and exit plan — we'll come back with rate, points, leverage, and a realistic closing timeline.
Questions? Call Craig Hill directly at (951) 780‑5856
Business-purpose loans only. Not available for owner-occupied residences.
Rates, points, and terms shown are typical ranges, subject to change and to underwriting approval; they are not an offer or commitment to lend.
4160 Temescal Canyon Rd, Ste 401, Corona, CA 92883 · (951) 780‑5856
NMLS ID 1623669 | California DRE 01219911 | Florida Mortgage Lender MLD1577
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