Question 1

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

Accepted Answer

Most hard money loans close in 5–14 days. Speed depends on the lender and how quickly you provide the property details and scope of work.

Question 2

Do I need good credit to get hard money in Orange County?

Accepted Answer

Credit matters less with hard money. Lenders focus on the property's value and your equity position over your credit score.

Question 3

What's a typical hard money interest rate?

Accepted Answer

Rates vary by borrower profile and market conditions. Hard money rates run significantly higher than conventional — the premium pays for speed and flexibility.

Question 4

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

Accepted Answer

You can, but hard money is short-term. Most investors use it to acquire and rehab, then refinance into a DSCR loan once the property is rent-ready.

Question 5

What does LTV mean for a hard money loan?

Accepted Answer

LTV is loan-to-value — how much you're borrowing against the property's value. Hard money lenders typically cap at 65–75% of ARV.

Question 6

What's the difference between hard money and a bridge loan?

Accepted Answer

Both are short-term. Bridge loans typically suit cleaner financial profiles. Hard money focuses on asset value and works better for distressed or value-add properties.

Hard Money Loans in Placentia, CA