Question 1

How fast can I close a hard money loan in Irvine?

Accepted Answer

Most hard money lenders close in 7-14 days. Some can move faster with a complete file and a clean title.

Question 2

Do I need good credit for a hard money loan?

Accepted Answer

Credit matters less than the deal itself. Lenders focus on property value and your exit plan, not your credit score.

Question 3

What is ARV and why does it matter?

Accepted Answer

ARV is after-repair value — what the property is worth post-renovation. Lenders base your loan amount on ARV, not the purchase price.

Question 4

Can I use hard money to buy a rental property in Irvine?

Accepted Answer

Yes. Many investors use hard money to acquire and rehab, then refinance into a DSCR loan once the property is stabilized.

Question 5

What happens if my project takes longer than expected?

Accepted Answer

You'll need an extension — which usually comes with fees. Read your extension terms before closing, not after your timeline slips.

Question 6

How much can I borrow with a hard money loan in Orange County?

Accepted Answer

Loan amounts depend on ARV and the lender's LTV limit. Most lenders cap at 65-75% of ARV. Rates vary by borrower profile and market conditions.

Hard Money Loans in Irvine, CA