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Coronado is one of the most supply-constrained markets in San Diego County. Properties move fast, and conventional financing rarely keeps pace.
Hard money loans are asset-based. The lender cares about the property's value, not your tax returns. That speed matters here.
12–24 months
Typical Loan Term
65–75%
Max LTV
~600
Min Credit Score
Not required
Income Verification
7–14 days
Est. Close Time
Hard Money Loans in Coronado
Hard money lenders focus on the property, not the borrower's income. Expect loan-to-value (LTV) requirements between 60–75% on most Coronado deals.
Credit matters less than with conventional loans. Most hard money lenders want a 600+ score, but strong collateral can offset a weaker profile.
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options in Coronado.
Coronado is one of the most supply-constrained markets in San Diego County. Properties move fast, and conventional financing rarely keeps pace.
Hard money loans are asset-based. The lender cares about the property's value, not your tax returns. That speed matters here.
Hard money lenders focus on the property, not the borrower's income. Expect loan-to-value (LTV) requirements between 60–75% on most Coronado deals.
Hard money is a private lending market. Terms vary wildly between lenders. We work with 200+ wholesale sources, including private funds that know the Coronado market.
Not every hard money lender will touch Coronado's price points. You need a lender experienced with high-value coastal collateral.
Hard money works best as a tool, not a long-term strategy. Most investors use it to close fast, then refinance into a DSCR or conventional loan.
In Coronado, the exit strategy is everything. Lenders will ask how you plan to repay. Have a clear answer before you apply.
Bridge loans are the closest alternative. They're slightly more structured than hard money but still fast. DSCR loans work better for stabilized rentals.
Conventional investment loans are cheaper but slow. If a Coronado deal needs to close in 10 days, hard money is often the only path.
Coronado properties carry high price tags. Hard money lenders will order their own appraisal. Budget for that cost upfront — it's non-negotiable.
The island's limited inventory means strong resale values. That's a plus for hard money lenders evaluating collateral and exit risk.
Many hard money loans close in 7–14 days. Speed depends on the lender and how quickly the appraisal gets done.
Rates are higher than conventional loans — often in the double digits. Rates vary by borrower profile and market conditions.
Hard money is built for investors and business-purpose deals. Most lenders won't use it for owner-occupied purchases.
Expect to put down 25–40% on a Coronado hard money deal. High-value coastal properties often require more equity from the borrower.
Most hard money loans run 12 to 24 months. They're short-term by design — not a permanent financing solution.
No. Hard money is asset-based. The property's value and your exit strategy matter far more than your monthly debt load.