Question 1

How fast can a hard money loan close in Redlands?

Accepted Answer

Most hard money loans close in 7-14 days. Speed depends on the lender and how quickly your property appraisal and title work are completed.

Question 2

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

Accepted Answer

Credit is reviewed but rarely the deciding factor. Lenders focus on the property's value and your down payment or equity position.

Question 3

What loan-to-value do hard money lenders offer in Redlands?

Accepted Answer

Most lenders go up to 65-75% of ARV on fix-and-flip deals. The stronger your comps and rehab plan, the better your LTV offer.

Question 4

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

Accepted Answer

Yes, but hard money is short-term. Most investors use it to acquire and stabilize, then refinance into a DSCR loan for long-term hold.

Question 5

What are typical hard money loan terms?

Accepted Answer

Terms usually run 6-24 months. They are interest-only in most cases, with a balloon payment due at the end of the term.

Question 6

Why use SRK CAPITAL for hard money instead of going direct?

Accepted Answer

SRK CAPITAL shops your deal across 200+ lenders, including hard money specialists. You get competing terms instead of one lender's take-it-or-leave-it offer.

Hard Money Loans in Redlands, CA