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Bishop sits in the Owens Valley, bordered by the Sierra Nevada and White Mountains. It's a small market — which means deals move fast when they appear.
Hard money fills the gap when bank timelines don't match deal timelines. In a thin market like Bishop, speed is often the difference between closing and losing.
7–14 Days
Typical Close Time
60–70% of Value
Max LTV
6–18 Months
Loan Term
Asset-Based
Credit Flexibility
Invest & Rehab Only
Loan Purpose
Hard Money Loans in Bishop
Hard money lenders care about the property, not your W-2. The collateral value drives approval — your credit score is secondary.
Most lenders want 60–70% loan-to-value (LTV). That means you need equity or a down payment. Strong deals with clear exit strategies get funded.
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options in Bishop.
Bishop sits in the Owens Valley, bordered by the Sierra Nevada and White Mountains. It's a small market — which means deals move fast when they appear.
Hard money fills the gap when bank timelines don't match deal timelines. In a thin market like Bishop, speed is often the difference between closing and losing.
Hard money lenders care about the property, not your W-2. The collateral value drives approval — your credit score is secondary.
Most banks won't touch a rural fix-and-flip in Inyo County. Hard money lenders operate differently — they underwrite the deal, not the borrower.
At SRK CAPITAL, we work with 200+ wholesale lenders, including private capital sources that fund rural California markets other brokers skip.
Bishop properties often need work. Seasonal tourism, aging stock, and limited rehab contractors affect your timeline — build that into your loan term.
Hard money loans run 6–18 months typically. If your rehab drags, you'll face extension fees. Know your contractor's schedule before you close.
A DSCR loan (debt-service coverage ratio) works better for stabilized rentals. Hard money is for acquisitions and rehabs — not long-term holds.
Bridge loans are similar but often cheaper. If you have income to document, a bridge loan may offer better terms than hard money.
Bishop's economy runs on outdoor recreation, Eastern Sierra tourism, and agriculture. Rental demand spikes seasonally — factor that into your exit.
Inyo County appraisals can be tricky. Few comps, wide value ranges, and remote location mean your ARV (after-repair value) needs to be conservative.
Many hard money deals close in 7–14 days. Rural properties may take slightly longer if appraisal scheduling is delayed.
Credit is reviewed but not the deciding factor. Lenders focus on collateral value and your exit plan.
Single-family, multifamily, and mixed-use investment properties typically qualify. Primary residences do not — this is investor-only financing.
Most terms run 6–18 months. You repay via sale or refinance into a long-term loan.
Yes. Investors use hard money to acquire and renovate short-term rental properties. Your exit strategy should account for Bishop's seasonal demand.
ARV is after-repair value — what the property is worth after renovation. Lenders base your loan amount on ARV, not the purchase price.