Question 1

How fast can a hard money loan close in Hollister?

Accepted Answer

Many hard money loans close in 7-14 days. Speed depends on how quickly the property can be valued and your documents submitted.

Question 2

Do I need good credit for a hard money loan?

Accepted Answer

Credit matters less here than with conventional loans. Lenders focus on the property's value and your equity position.

Question 3

Can I use hard money for a fix-and-flip in San Benito County?

Accepted Answer

Yes — fix-and-flip is the most common use case. Lenders will want a renovation plan and a credible exit strategy.

Question 4

What LTV can I expect on a hard money loan?

Accepted Answer

Most lenders cap at 65-75% of the purchase price or ARV. Higher LTVs are possible but come with stricter terms.

Question 5

What happens when the hard money loan term ends?

Accepted Answer

You either sell, refinance into a DSCR or conventional loan, or negotiate an extension. Plan your exit before you close.

Hard Money Loans in Hollister, CA