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Colfax sits in the Sierra Nevada foothills of Placer County. It attracts investors hunting undervalued properties with renovation upside.
Hard money loans are built for speed. When a deal needs to close in days, not months, traditional financing simply can't keep up.
7–14 Days
Typical Close Time
65–75%
Max LTV (As-Is)
~600
Min Credit Score
6–18 Months
Loan Term
Minimal
Income Docs Required
Hard Money Loans in Colfax
Hard money lenders care about the property, not your W-2. The asset's value and your exit strategy matter most.
Expect to put 25-35% down. Credit matters less here, but most lenders want at least a 600 score to proceed.
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options in Colfax.
Colfax sits in the Sierra Nevada foothills of Placer County. It attracts investors hunting undervalued properties with renovation upside.
Hard money loans are built for speed. When a deal needs to close in days, not months, traditional financing simply can't keep up.
Hard money lenders care about the property, not your W-2. The asset's value and your exit strategy matter most.
Most banks won't touch a distressed Colfax property. Hard money lenders are built exactly for that gap.
SRK CAPITAL works with 200+ wholesale lenders. We match your deal to the right hard money source — fast.
The biggest mistake investors make is underestimating hold costs. Hard money rates run high — plan your timeline tight.
Most hard money terms run 6-18 months. Know your exit before you sign. Refinance into a DSCR loan or flip and close.
Bridge loans are close cousins to hard money — slightly lower rates, stricter qualification. Both solve the speed problem.
DSCR loans work better for stabilized rentals. Hard money is the right tool when the property isn't rent-ready yet.
Colfax has older housing stock. That means more renovation opportunities — and more deals that need hard money to close.
Placer County's foothills see steady demand from buyers leaving Sacramento. Investors who move fast capture real margin here.
Most hard money loans close in 7-14 days. Speed depends on the appraisal turnaround and title work in Placer County.
Most lenders cap at 65-75% of the property's as-is value. Renovation draws are based on after-repair value.
Yes — fix-and-flip is exactly what hard money is built for. You buy, renovate, sell, and repay the loan.
Rates run significantly higher than conventional loans. Rates vary by borrower profile and market conditions.
Credit matters less than the deal itself. Most lenders want a 600+ score, but a strong property can offset a weak profile.
Extensions are possible but costly. Have a backup exit plan — refinance or sale — before you borrow.