Question 1

How fast can I close a hard money loan in San Bruno?

Accepted Answer

Most closings happen in 7-14 days once you have signed purchase contract and renovation budget. We can move faster if the deal requires it.

Question 2

What credit score do I need for hard money financing?

Accepted Answer

Most lenders want 600+ but focus primarily on the property's value and your exit plan. Poor credit costs more but rarely disqualifies you.

Question 3

Can I use hard money for a San Bruno rental property?

Accepted Answer

Yes, but only short-term while renovating. Once stabilized, refinance into a DSCR or conventional loan to lower your rate.

Question 4

What happens if my renovation takes longer than expected?

Accepted Answer

You'll pay extension fees, typically 0.5-1% per month. Budget extra time upfront or these fees will kill your profit margin.

Question 5

Do hard money lenders fund ground-up construction in San Bruno?

Accepted Answer

Some do, but they require more experience and larger reserves. Construction loans often provide better terms for new builds.

Hard Money Loans in San Bruno: Fast Capital for Real Estate Investors