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South San Francisco's industrial conversion boom drives steady hard money demand. Warehouses turning into live-work spaces need quick closes that conventional lenders won't touch.
Most hard money deals here involve value-add plays in older residential stock near Colma or El Camino Real. Speed matters more than rate when competing offers flood the market.
Hard Money Loans in South San Francisco
Lenders focus on the property's after-repair value and your exit strategy. Credit scores as low as 600 can work if the deal makes sense and you show real estate experience.
Expect to put down 20-30% and prove you have reserves for renovations. Lenders want to see a clear plan to either sell or refinance within 12-24 months.
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options in South San Francisco.
South San Francisco's industrial conversion boom drives steady hard money demand. Warehouses turning into live-work spaces need quick closes that conventional lenders won't touch.
Most hard money deals here involve value-add plays in older residential stock near Colma or El Camino Real. Speed matters more than rate when competing offers flood the market.
Lenders focus on the property's after-repair value and your exit strategy. Credit scores as low as 600 can work if the deal makes sense and you show real estate experience.
Hard money lenders in San Mateo County range from local funds lending their own capital to national platforms with institutional backing. Local lenders close faster but charge higher points.
Rates vary by borrower profile and market conditions. Recent shifts in alternative asset lending mean some lenders now consider crypto holdings as part of reserve calculations, though this remains niche.
The best hard money deal is the one you don't need for long. Budget for higher monthly payments but plan your exit before you close — refinance into DSCR or sell completed.
South San Francisco properties near Caltrain command premium resale values. Factor that into your ARV calculations because lenders underwrite to those exit scenarios too.
Bridge loans offer lower rates but require better credit and more documentation than hard money. DSCR loans work for stabilized rentals but won't fund gut renovations.
Hard money shines when you need speed or the property isn't financeable through traditional channels. Think distressed properties, major rehabs, or tight timelines.
South San Francisco permit timelines affect your holding costs. Building department backlogs can stretch 6-month flips into 12-month carries, doubling your interest expense.
Industrial-zoned properties near biotech corridor often appraise higher but require specialized lenders familiar with mixed-use conversions. Not every hard money shop underwrites those.
Most hard money lenders close in 7-14 days once they approve the deal. You need a solid purchase contract and property details ready upfront.
Lenders approve scores as low as 600 if the property and exit strategy are strong. Your experience matters more than credit history.
Hard money is designed for investment properties and short-term holds. Primary residence financing requires conventional, FHA, or other long-term loan programs.
Expect 65-75% LTV based on after-repair value. Your down payment covers the gap between purchase price and loan amount.
Many lenders hold renovation funds in escrow and release them as work completes. You'll need reserves to cover initial costs before draws.