Question 1

How fast can a hard money loan close in Arcadia?

Accepted Answer

Most hard money lenders close in 5–10 business days. Some can move faster if the appraisal is waived or a desktop valuation is accepted.

Question 2

What loan-to-value do hard money lenders offer?

Accepted Answer

Most lend up to 65–75% of the property's current or after-repair value. Higher ARV projects may qualify for rehab funds on top of the purchase amount.

Question 3

Do I need good credit for a hard money loan?

Accepted Answer

Not necessarily. Many hard money lenders set a minimum around 600–620, but the property and deal structure carry more weight than your credit score.

Question 4

Can I use hard money to buy and renovate in Arcadia?

Accepted Answer

Yes. Many hard money loans include a rehab draw schedule. Funds are released in stages as work is completed and inspected.

Question 5

What's the typical rate on a hard money loan in LA County?

Accepted Answer

Rates typically run higher than conventional loans. Rates vary by borrower profile and market conditions — expect points and fees on top of the rate.

Question 6

How do I refinance out of a hard money loan?

Accepted Answer

Most investors refinance into a DSCR loan or conventional mortgage once the property is stabilized. Plan your exit before the loan term ends.

Hard Money Loans in Arcadia, CA — Fast Capital for Real Estate Investors