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Seaside's investor market runs on speed. Most fix-and-flip deals here need funding in 10-14 days, not the 45 days a conventional loan requires.
Hard money lenders focus on the property's after-repair value, not your tax returns. That matters in a coastal market where distressed properties often need $80K-150K in renovations to hit retail pricing.
You need a viable exit strategy and skin in the game. Most hard money lenders want to see your plan to refinance or sell within 6-24 months.
Expect to bring 20-30% down on the purchase price. Lenders will fund up to 70-75% of the current value or 80-90% of purchase price, whichever is lower.
We work with 40+ hard money lenders who fund California deals. Rates range from 8.5% to 13% as of February 2026, with 2-4 points in origination fees.
Some lenders now accept alternative assets for reserves. One recent development lets investors use verified crypto holdings alongside traditional bank accounts for qualification purposes.
Seaside deals work best when you know the true rehab costs upfront. I see investors underestimate foundation and permitting issues in older coastal properties regularly.
The right hard money lender depends on your deal type. Some specialize in fast closings, others offer better rates for experienced investors with multiple exits under their belt.
Bridge loans cost less but take longer. DSCR loans offer better rates for rental holds but require 12 months seasoning and rental income projections.
Hard money makes sense when time costs you money. Losing a competitive property to another cash buyer often exceeds the premium you pay in interest and fees.
Seaside permits move slower than Carmel or Monterey. Factor 8-12 weeks for major renovation permits when planning your timeline and holding costs.
Former Fort Ord area properties sometimes trigger additional environmental reviews. Your lender needs to know this upfront since it affects the timeline and exit strategy.
Most deals close in 10-14 days with clean title. We've funded transactions in 7 days when all inspections and documentation align quickly.
Rates vary by borrower profile and market conditions, but expect 9-12% for most deals as of February 2026. Your experience level and down payment size affect pricing.
Yes, but lenders will scrutinize your budget and contractor qualifications closely. Foundation repairs exceeding $50K typically require detailed engineering reports upfront.
They care more about the deal numbers than your credit. Scores below 600 may limit lender options or increase rates 1-2 points.
Most hard money loans run 12-24 months. You pay interest-only monthly, with principal due at sale or refinance to permanent financing.
Many lenders hold rehab funds in escrow and release them as work completes. Expect to cover 10-20% of construction costs from your own capital upfront.
Hard Money Loans in Seaside