Question 1

How fast can I get hard money funding in Half Moon Bay?

Accepted Answer

Most hard money lenders can close in 7-14 days once you have a property under contract. Some lenders offer even faster funding for experienced investors with straightforward deals and clear exit strategies.

Question 2

What down payment do hard money lenders require?

Accepted Answer

Expect to put down 20-30% of the purchase price. Some lenders accept equity in other properties as collateral, which can reduce cash requirements for experienced investors with proven track records.

Question 3

Can I use hard money for owner-occupied properties in Half Moon Bay?

Accepted Answer

Hard money loans are investment products designed for non-owner-occupied properties. If you're buying a primary residence, conventional, FHA, or other homebuyer programs offer better rates and terms.

Question 4

What happens if my renovation takes longer than the loan term?

Accepted Answer

Most lenders offer extensions for additional fees, typically 1-2 points plus continued interest. Plan conservatively and build buffer time into your schedule to avoid expensive extension costs.

Question 5

Do hard money lenders care about Coastal Commission permits?

Accepted Answer

Experienced Half Moon Bay lenders understand coastal regulations and how they affect project timelines. They evaluate whether your renovation plans are realistic given permit requirements and construction limitations.

Hard Money Loans in Half Moon Bay: Fast Financing for Coastal Real Estate Investors