Question 1

How fast can I close with hard money in Pismo Beach?

Accepted Answer

Most lenders fund in 5-10 business days once we have a purchase contract and preliminary title. All-cash equivalent speed for competitive situations.

Question 2

Do hard money lenders care about my credit score?

Accepted Answer

Not really. They underwrite the property's after-repair value and your equity position. I've closed deals for borrowers with 550 credit scores.

Question 3

What's the typical loan term for a Pismo Beach flip?

Accepted Answer

12 months is standard. Most lenders offer 6-month extensions if you need more time, usually at 1-2 points additional cost.

Question 4

Can I use hard money for a vacation rental purchase?

Accepted Answer

Yes, but you'll refinance into DSCR or conventional within 12-24 months. Hard money rates are too high for long-term rental holds.

Question 5

What happens if my Pismo Beach renovation runs over budget?

Accepted Answer

Some lenders hold renovation funds in escrow and release on milestones. Others fund 100% upfront, giving you flexibility but requiring discipline.

Question 6

Are there lenders who fund crypto investors in Pismo Beach?

Accepted Answer

Some non-QM lenders now accept crypto holdings as reserves. Still rare for hard money, but asset-based lending is evolving fast.

Hard Money Loans in Pismo Beach: Fast Funding for Coastal Investment Properties