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Foster City's planned community layout attracts fix-and-flip investors targeting waterfront teardowns and dated lagoon properties. Hard money loans fund these deals in days, not weeks.
San Mateo County's tight inventory pushes investors toward private financing when speed matters. Traditional lenders can't compete on timeline for distressed properties or auction wins.
Alternative asset financing is expanding beyond real estate as of February 2026. Some lenders now accept verified crypto holdings as additional collateral, though most hard money deals still rely on property value alone.
Hard Money Loans in Foster City
Hard money lenders care about one thing: the property's current and after-repair value. Your credit score matters less than your exit strategy and equity position.
Expect to put down 25-35% of the purchase price. Lenders cap loans at 65-75% of ARV, leaving you room to fund rehab costs separately or through additional draws.
You need a clear plan to repay within 6-24 months. Most investors refinance into DSCR loans after renovation or sell the property outright.
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options in Foster City.
Foster City's planned community layout attracts fix-and-flip investors targeting waterfront teardowns and dated lagoon properties. Hard money loans fund these deals in days, not weeks.
San Mateo County's tight inventory pushes investors toward private financing when speed matters. Traditional lenders can't compete on timeline for distressed properties or auction wins.
Alternative asset financing is expanding beyond real estate as of February 2026. Some lenders now accept verified crypto holdings as additional collateral, though most hard money deals still rely on property value alone.
We work with 30+ hard money lenders who fund Bay Area deals. Each has different appetite for property condition, borrower experience, and loan size.
Rates run 8-14% with 2-4 points upfront. Foster City properties command better terms than rural markets because lenders know the area liquidates quickly if needed.
Some lenders offer interest-only payments during construction. Others require reserves for six months of payments before they'll fund a deal.
Hard money works for investors who found a deal that won't wait. I've seen clients lose properties to all-cash buyers because they tried getting bank approval first.
Foster City's aging housing stock near the lagoons creates opportunities. Properties needing $200K+ in updates scare conventional lenders but make perfect hard money candidates.
Don't use hard money for cash-flowing rentals you plan to hold. The rates will eat your profit. Bridge to DSCR financing after six months of rent history instead.
Bridge loans cost less but require better credit and more documentation. Hard money approves deals bridge lenders won't touch, especially properties in poor condition.
DSCR loans work after renovation when the property generates rent. Hard money gets you to that point when the property isn't leasable yet.
Construction loans from banks demand detailed contractor bids and draw schedules. Hard money lenders trust your plan and fund based on equity, not paperwork.
Foster City's limited buildable land means most investor activity focuses on gut rehabs and teardown-rebuilds. Hard money funds both, but lenders want proof of permits before releasing renovation draws.
San Mateo County's permitting process runs 3-6 months for major work. Factor that timeline into your loan term and carrying costs when structuring the deal.
Properties within a half-mile of the lagoon command premium valuations. Lenders use that location as collateral strength when approving higher loan amounts.
Most deals fund in 7-14 days with clear title and appraisal. All-cash backup offers help if you need to close in five days.
Expect 25-35% down depending on property condition and your experience. First-time flippers pay more than repeat investors with track records.
You can, but the rates make long-term holding expensive. Refinance into a DSCR loan after renovation to cut your rate in half.
Yes, but they order it and close before it's final. They use desktop valuations and comparable sales to approve deals quickly.
Most lenders offer 6-12 month extensions at higher rates. Plan for delays when structuring your initial loan term and budget.