Question 1

How fast can a hard money loan close in Del Rey Oaks?

Accepted Answer

Most hard money deals close in 7-14 days. That speed is the main reason investors use them over conventional financing.

Question 2

Do I need good credit to get a hard money loan?

Accepted Answer

Credit matters less than the deal itself. Lenders focus on property value and your equity position, not your W-2 or credit score.

Question 3

What loan-to-value can I expect from hard money lenders?

Accepted Answer

Most lenders cap at 65-75% LTV. The stronger the deal, the more flexibility you may have on terms. Rates vary by borrower profile and market conditions.

Question 4

Can I use hard money for a fix-and-flip in Monterey County?

Accepted Answer

Yes — fix-and-flip is the most common use case. Budget carefully for Monterey County's higher labor costs before you commit to a deal.

Question 5

What happens when the hard money loan term ends?

Accepted Answer

You either sell the property or refinance into a longer-term loan like a DSCR. You need a clear exit plan before your lender will fund.

Question 6

How are hard money loan points and fees structured?

Accepted Answer

Expect 1-4 origination points plus closing costs. Those fees come out of your proceeds at closing — plan your deal economics around them.

Hard Money Loans in Del Rey Oaks, CA