Loading
Loading
Pacific Grove sits on one of California's most competitive coastal stretches. Properties here move fast, and sellers rarely wait for conventional financing.
Hard money loans are built for speed. When a fix-and-flip or acquisition opportunity appears on the Monterey Peninsula, you need to close in days — not 45.
7–14 Days
Typical Close Time
Up to 75%
Max LTV (Typical)
Asset-Based
Credit Focus
Varies by Lender
Rate Type
6–24 Months
Loan Term
Hard Money Loans in Pacific Grove
Hard money lenders care about the property, not your tax returns. The asset's value drives approval — your credit score is secondary.
Most lenders want 25–35% equity in the deal. Strong after-repair value (ARV) — what the property is worth after renovation — matters most.
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options in Pacific Grove.
Pacific Grove sits on one of California's most competitive coastal stretches. Properties here move fast, and sellers rarely wait for conventional financing.
Hard money loans are built for speed. When a fix-and-flip or acquisition opportunity appears on the Monterey Peninsula, you need to close in days — not 45.
Hard money lenders care about the property, not your tax returns. The asset's value drives approval — your credit score is secondary.
Hard money lenders are private. They're not Fannie Mae or your local credit union. Terms vary wildly from one lender to the next.
At SRK CAPITAL, we work with 200+ wholesale lenders — including hard money shops that know Monterey County well. We match the deal to the right lender.
Pacific Grove has tight inventory and strict zoning near the coast. Know your renovation scope before you borrow — lenders will scrutinize your exit strategy.
The best hard money deals have a clear path out: resale, refinance into a DSCR loan, or rental income. Lenders want to see that plan upfront.
Bridge loans and hard money overlap — but bridge loans typically require stronger borrower profiles. Hard money is more flexible on credit and income.
DSCR loans are better for stabilized rentals. Construction loans work for ground-up builds. Hard money fills the gap: short-term, fast, asset-driven.
Pacific Grove's historic district adds complexity. Renovations near the waterfront or in landmark zones require city approval. That affects your timeline and ARV.
Monterey County's coastal premium means even distressed properties carry real value. That works in your favor when a hard money lender appraises the collateral.
Most hard money loans close in 7–14 days. Speed depends on the lender and how quickly the property appraises.
Most hard money lenders don't have a strict minimum. The property's value and your equity position matter far more.
Expect 60–75% LTV on most deals. Higher-value coastal properties may qualify for better terms depending on the lender.
Yes. Fix-and-flip is the most common hard money use case. Lenders fund both acquisition and renovation draws.
Most borrowers either sell the property or refinance into a DSCR or conventional loan. Your exit plan should be set before you close.
Hard money can fund the acquisition and rehab. Once stabilized, a DSCR loan is typically the right long-term product.