Question 1

Can I get a hard money loan on a cabin or vacation property in Portola?

Accepted Answer

Yes, hard money lenders look at the asset, not occupancy type. Cabins and vacation rentals are common collateral in Plumas County deals.

Question 2

How fast can a hard money loan close in Portola?

Accepted Answer

Most hard money loans close in 7-14 days. Rural properties may take slightly longer due to appraisal availability.

Question 3

What interest rates should I expect on a hard money loan?

Accepted Answer

Rates are typically higher than conventional loans. Rates vary by borrower profile and market conditions.

Question 4

Do hard money lenders care about my credit score?

Accepted Answer

They check it, but it's not the main factor. The property's value and your exit strategy carry more weight.

Question 5

How long are hard money loan terms?

Accepted Answer

Most terms run 6 to 24 months. They're designed for short holds, not long-term ownership.

Question 6

Can I refinance a hard money loan into a conventional loan after rehab?

Accepted Answer

Yes, and that's the most common exit strategy. You rehab the property, build equity, then refi into a DSCR or conventional loan.

Hard Money Loans in Portola, CA — Fast Capital for Investors