Question 1

What's the minimum down payment for hard money in Menlo Park?

Accepted Answer

Most deals require 25-35% down. Higher equity positions unlock better rates and terms from competing lenders.

Question 2

How fast can a hard money loan actually close?

Accepted Answer

We close in 7-10 days with all paperwork ready. Record time depends on title company speed and any lien complications.

Question 3

Do hard money lenders check credit scores?

Accepted Answer

They look but don't rely on it. Scores below 600 may increase rates by 1-2%. Property equity matters far more than credit history.

Question 4

Can I refinance hard money into a conventional loan later?

Accepted Answer

Yes, most borrowers refinance into DSCR or conventional investor loans after renovations. Plan this exit strategy from day one.

Question 5

What happens if I can't pay off the hard money loan on time?

Accepted Answer

Extensions cost 1-2 points and require lender approval. Default leads to foreclosure since the property secures the loan.

Question 6

Are hard money loans only for experienced investors?

Accepted Answer

New investors qualify but face higher rates and lower LTV caps. First-time flippers should expect stricter terms and oversight.

Hard Money Loans in Menlo Park: Fast Capital for Silicon Valley Real Estate Investors