Question 1

How fast can a hard money loan close in Novato?

Accepted Answer

Many private lenders close in 5 to 10 business days. Having your property info and rehab budget ready speeds things up.

Question 2

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

Accepted Answer

Most lenders go up to 65-70% LTV on Novato properties. Some will lend on after-repair value for renovation projects.

Question 3

Can I use hard money for a Novato fix-and-flip?

Accepted Answer

Yes — fix-and-flip is the most common use case. Lenders evaluate the purchase price, rehab scope, and estimated resale value.

Question 4

What are typical hard money rates in Marin County?

Accepted Answer

Rates vary by lender, property, and borrower profile. Rates vary by borrower profile and market conditions — expect pricing above conventional loans.

Question 5

Do hard money lenders check credit in Novato?

Accepted Answer

Most do a soft pull to screen for major red flags. But a low score won't disqualify you if the collateral is strong.

Question 6

What happens if I need more time to finish my project?

Accepted Answer

Most lenders offer extensions — for a fee. Negotiate extension terms before you close, not after your deadline passes.

Hard Money Loans in Novato, Marin County