Question 1

How fast can I close on a Portola Valley property with hard money?

Accepted Answer

Most deals close in 7-14 days once you have property details and renovation budget. Some lenders fund in 5 days for simple acquisitions without major rehab.

Question 2

What down payment do I need for a $2.5M property?

Accepted Answer

Expect 25-30% down, so $625K-$750K on a $2.5M purchase. Experienced investors with strong exit strategies sometimes get 75% LTV on high-value properties.

Question 3

Can I use hard money if I have another project running?

Accepted Answer

Yes, lenders focus on the current deal's merits and your track record. Multiple simultaneous projects may require more reserves or lower loan-to-value ratios.

Question 4

What happens if my renovation takes longer than 12 months?

Accepted Answer

Most lenders offer 6-12 month extensions for a fee. Plan conservatively — Portola Valley permit timelines can surprise even experienced builders.

Question 5

Do I need renovation experience to get approved?

Accepted Answer

First-time flippers get approved but face higher rates and lower LTV. Partnering with an experienced contractor strengthens your application significantly.

Hard Money Loans in Portola Valley: Fast Funding for High-Value Properties