Question 1

Can I get a hard money loan on a Markleeville cabin?

Accepted Answer

Yes, if the collateral value is strong enough. Expect conservative LTV limits given the rural location and limited comps.

Question 2

How fast can hard money close in Alpine County?

Accepted Answer

Hard money can close in 7-14 days. Appraisal availability in Alpine County may add time to that timeline.

Question 3

What credit score do I need for hard money?

Accepted Answer

Most hard money lenders don't set a firm minimum. The property's value and your exit plan carry far more weight.

Question 4

Are hard money rates higher than conventional rates?

Accepted Answer

Significantly higher. Expect 10-13% plus points. Rates vary by borrower profile and market conditions.

Question 5

What's the maximum loan term for hard money here?

Accepted Answer

Most hard money loans run 6-24 months. They're built for short-term projects, not long-term holds.

Question 6

Do hard money lenders care about the property's condition?

Accepted Answer

They care about after-repair value (ARV). A distressed property is fine — lenders lend against what it'll be worth.

Hard Money Loans in Markleeville, CA