Question 1

How fast can a hard money loan close in Gilroy?

Accepted Answer

Many hard money loans close in 7-14 days. Speed depends on title, appraisal, and how clean your paperwork is.

Question 2

Do I need good credit for a hard money loan?

Accepted Answer

Credit matters less than the deal itself. Lenders focus on property value and your equity position, not your credit score.

Question 3

What loan terms should I expect?

Accepted Answer

Most hard money loans run 6 to 24 months. Rates vary by borrower profile and market conditions.

Question 4

Can I use hard money to buy and flip in Gilroy?

Accepted Answer

Yes — fix-and-flip is the most common use case. Lenders want a clear exit plan, either a sale or refinance.

Question 5

What is an exit strategy and why do lenders care?

Accepted Answer

Your exit strategy is how you repay the loan — usually a sale or refinance. Lenders require it before they fund.

Question 6

How is hard money different from a construction loan?

Accepted Answer

Construction loans fund ground-up builds with phased draws. Hard money works better for acquisitions and light-to-medium rehab.

Hard Money Loans in Gilroy, CA — Fast Capital for Real Estate Investors