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Martinez has older housing stock that attracts fix-and-flip investors. Properties near downtown and the waterfront need work but sell fast after renovation.
Hard money loans fund these deals in 7-14 days instead of 30-45. Speed matters when competing with cash buyers on distressed properties.
Hard Money Loans in Martinez
Lenders approve based on the property's after-repair value, not your tax returns. Credit scores below 600 get approved regularly if the deal makes sense.
Expect 60-75% LTV on purchase price or ARV, whichever is lower. You need 25-40% down plus 6-12 months of interest reserves in most cases.
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options in Martinez.
Martinez has older housing stock that attracts fix-and-flip investors. Properties near downtown and the waterfront need work but sell fast after renovation.
Hard money loans fund these deals in 7-14 days instead of 30-45. Speed matters when competing with cash buyers on distressed properties.
Lenders approve based on the property's after-repair value, not your tax returns. Credit scores below 600 get approved regularly if the deal makes sense.
We work with 40+ hard money lenders who compete on rates and terms. Some specialize in construction draws, others in quick bridge loans for auctions.
Rates run 9-14% with 2-4 points upfront. Lower rates require more experience and equity. The best deals go to investors who've closed multiple flips.
Martinez properties near the Amtrak station and downtown flip well. Avoid homes near the refinery unless you're experienced—buyer pools shrink there.
Budget conservatively on rehab costs. Contra Costa permit delays run 4-8 weeks longer than expected. That holding time kills profits at 11% interest.
DSCR loans work better if you're buying a rental to hold. Hard money makes sense for 6-12 month renovations where speed and flexibility matter more than rate.
Bridge loans cost less but require better credit and more documentation. Construction loans need detailed plans and inspections at each draw stage.
Martinez sits between higher-priced Concord and Lafayette markets. Investors buy here, renovate, then sell to commuters priced out of those areas.
The Alhambra Valley and Vine Hill neighborhoods have steady demand. Buyers want updated kitchens, modern bathrooms, and at least 3 bedrooms.
Most lenders fund in 7-14 days once you have a purchase contract. Some close in 5 days for experienced investors with strong deals.
No strict minimum exists since approval depends on the property's value. We've closed deals with scores in the 550-600 range regularly.
No. Hard money lenders only fund investment properties and business purpose loans. You'd need a renovation loan like FHA 203k or HomeStyle for owner-occupied homes.
Most hard money loans run 6-12 months with options to extend. Plan your renovation timeline carefully since extensions add fees and costs.
First-time flippers qualify but expect higher rates and lower LTV. Lenders want to see a solid contractor, realistic budget, and adequate reserves.