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Arroyo Grande sits in a tight San Luis Obispo County market. Investors here move fast or lose deals.
Hard money fills the gap when bank financing is too slow. Speed is the whole point of this loan type.
6 – 24 Months
Typical Loan Term
65 – 75%
Max LTV (Typical)
Asset-Based
Credit Focus
Usually None
Income Verification
7 – 14 Days
Avg. Close Time
Hard Money Loans in Arroyo Grande
Hard money lenders care about the property, not your tax returns. The asset secures the loan.
Most lenders want 25-35% equity or down payment. Your credit score matters less than the deal itself.
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options in Arroyo Grande.
Arroyo Grande sits in a tight San Luis Obispo County market. Investors here move fast or lose deals.
Hard money fills the gap when bank financing is too slow. Speed is the whole point of this loan type.
Hard money lenders care about the property, not your tax returns. The asset secures the loan.
Banks won't touch most fix-and-flip or distressed property deals. Hard money lenders are built for exactly that.
We work with 200+ wholesale lenders. That means real competition on rates and terms for your Arroyo Grande deal.
Hard money is expensive by design. Rates run high and terms are short — typically 6 to 24 months.
The math only works if your exit is solid. Know your sale price or refinance plan before you borrow.
Bridge loans are the closest alternative. They're also short-term but often require more documentation.
DSCR loans are better for stabilized rentals. Hard money is for the acquisition and renovation phase.
Arroyo Grande has older housing stock that attracts fix-and-flip activity. Renovation deals are common here.
San Luis Obispo County property values hold well. That supports strong collateral for hard money lenders.
Many hard money loans close in 7-14 days. That speed is why investors use them on competitive deals.
Credit matters less than the property value and your equity position. Lenders focus on the asset, not your score.
Single-family, multi-unit, and mixed-use investment properties typically qualify. Primary residences usually don't.
You sell, refinance into a DSCR or conventional loan, or extend with the lender. Have your exit plan ready at closing.
Most are fixed for the short term. Rates vary by borrower profile and market conditions.
Yes. That's one of the most common uses. After renovation, many investors refinance into a long-term DSCR loan.