Question 1

How fast can hard money close in San Fernando?

Accepted Answer

Most lenders close in 7-14 days once they approve the deal. We've seen cash-equivalent closings in 5 days when needed.

Question 2

What properties qualify for hard money?

Accepted Answer

Anything with clear title and verifiable value. Distressed properties, estate sales, auction purchases, and major fixer-uppers all work.

Question 3

Do I need real estate investing experience?

Accepted Answer

Some lenders require it, others don't. First-time flippers get approved but may face higher rates or lower LTV.

Question 4

Can I refinance into a better loan later?

Accepted Answer

Yes, most borrowers refinance into bridge or conventional loans after renovation. Plan that timeline before you borrow.

Question 5

What if renovation takes longer than expected?

Accepted Answer

Most lenders offer 90-day extensions for 1-2 points. Plan ahead because extensions cost $3K-$6K on typical loan amounts.

Hard Money Loans in San Fernando: Fast Funding for Investment Properties