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Del Rey Oaks sits in the heart of Monterey County — a market where move-fast deals win. Hard money gives investors the speed to close before conventional financing can even process paperwork.
The Monterey Peninsula attracts buyers from across California. Investors who can close in days, not months, have a real edge on properties here.
7-14 Days
Typical Close Time
65-75%
Max LTV
1-4 Points
Origination Points
6-24 Months
Loan Term
None
Income Docs Required
Hard Money Loans in Del Rey Oaks
Hard money lenders care about the property, not your tax returns. Your credit score matters less than the deal's numbers.
Most lenders want to see 25-35% equity in the deal — either as a down payment or existing equity. Your exit strategy matters too. Know how you're paying this loan off.
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options in Del Rey Oaks.
Del Rey Oaks sits in the heart of Monterey County — a market where move-fast deals win. Hard money gives investors the speed to close before conventional financing can even process paperwork.
The Monterey Peninsula attracts buyers from across California. Investors who can close in days, not months, have a real edge on properties here.
Hard money lenders care about the property, not your tax returns. Your credit score matters less than the deal's numbers.
Most banks won't touch hard money deals. These loans come from private lenders and funds — and terms vary wildly. One lender's 10% is another's 13%.
At SRK CAPITAL, we work with 200+ wholesale lenders including hard money and private money sources. We match the deal to the right lender, not just the first one who says yes.
Experienced investors use hard money as a tool, not a crutch. Buy it, fix it, refinance into a DSCR or conventional loan — then repeat.
The biggest mistake I see: investors underestimating rehab costs in Monterey County. Labor and materials run higher here than inland California. Budget tight and the deal falls apart fast.
Bridge loans are the closest alternative — they're also short-term but usually require stronger credit and more documentation. Hard money moves faster with fewer hurdles.
DSCR loans are better for stabilized rentals. If the property needs major work first, hard money gets you in the door. Then you refinance into DSCR once it's performing.
Del Rey Oaks is a small city with limited inventory. When a deal surfaces, you need capital ready to move. Hard money makes that possible.
Monterey County has strict building codes and permit timelines. Factor those delays into your rehab schedule — hard money interest doesn't pause for permit offices.
Most hard money deals close in 7-14 days. That speed is the main reason investors use them over conventional financing.
Credit matters less than the deal itself. Lenders focus on property value and your equity position, not your W-2 or credit score.
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.
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.
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.
Expect 1-4 origination points plus closing costs. Those fees come out of your proceeds at closing — plan your deal economics around them.