Question 1

How fast can hard money close in Walnut Creek?

Accepted Answer

Most deals close in 7-14 days if you have down payment funds ready and a clear title. All-cash competitive situations justify the speed premium.

Question 2

What down payment do hard money lenders require?

Accepted Answer

Expect 20-30% down depending on your experience and the property's equity potential. First-time flippers usually need closer to 30%.

Question 3

Can I use hard money for a primary residence purchase?

Accepted Answer

Hard money is designed for investment properties and business-purpose loans only. Primary residences require conventional, FHA, or other owner-occupied financing.

Question 4

What's a typical hard money loan term length?

Accepted Answer

Most terms run 12-18 months. You'll pay monthly interest and either refinance to permanent financing or sell the property before maturity.

Question 5

Do I need real estate investing experience?

Accepted Answer

First-time investors can qualify but face higher rates and larger down payments. Showing a solid renovation plan and contractor bids helps offset inexperience.

Question 6

How do lenders calculate maximum loan amount?

Accepted Answer

Lenders base it on after-repair value (ARV), typically lending 65-75% of ARV. Your purchase price plus renovation budget must fit within that cap.

Hard Money Loans in Walnut Creek — Fast Capital for Real Estate Investors