Question 1

How fast can a hard money loan close in Belvedere?

Accepted Answer

Most hard money loans close in 7-14 days. The property appraisal and title work are the main timeline drivers.

Question 2

Do I need good credit to qualify?

Accepted Answer

Credit is reviewed but rarely disqualifying. The property's value and your equity position carry the most weight.

Question 3

What's a typical loan term for a Belvedere flip?

Accepted Answer

Most hard money loans run 12-24 months. Factor in Belvedere's permitting timeline when choosing your term.

Question 4

Can I use hard money to buy a Belvedere property at auction?

Accepted Answer

Yes, and it's one of the best use cases. Hard money's speed gives you the certainty most auction sellers require.

Question 5

What happens if I need to extend my loan term?

Accepted Answer

Extensions are possible but come with fees. Build your exit timeline conservatively from the start.

Question 6

How is the loan amount determined on a Belvedere property?

Accepted Answer

Lenders base it on the property's current or after-repair value. Most cap at 65-70% loan-to-value at this price point.

Hard Money Loans in Belvedere, CA