Question 1

How fast can a hard money loan close in Santa Ana?

Accepted Answer

Experienced borrowers with docs ready can close in 7-14 days. Having your scope of work and property details upfront speeds things up.

Question 2

Do I need good credit to get a hard money loan?

Accepted Answer

Credit matters less than the deal. Lenders focus on property value and your exit strategy — not your debt-to-income ratio.

Question 3

What's a typical hard money loan term?

Accepted Answer

Most run 6 to 24 months. These are short-term loans — you're expected to flip or refinance before the term ends.

Question 4

Can hard money cover renovation costs too?

Accepted Answer

Yes. Many lenders fund both acquisition and rehab draws. Draws release as work is completed and verified.

Question 5

What's ARV and why do hard money lenders care about it?

Accepted Answer

ARV means after-repair value — what the property is worth once fixed. Lenders cap loans based on a percentage of ARV to manage their risk.

Question 6

How does SRK CAPITAL help with hard money in Santa Ana?

Accepted Answer

SRK CAPITAL shops your deal across 200+ lenders to match you with the right hard money source for your project and timeline.

Hard Money Loans in Santa Ana, CA