Question 1

How fast can a hard money loan close in Palo Alto?

Accepted Answer

Many hard money deals close in 5-10 business days. Speed depends on title, appraisal, and lender review.

Question 2

What property types qualify for hard money in Santa Clara County?

Accepted Answer

Most lenders fund single-family, multi-family, and mixed-use properties. Raw land is harder to finance.

Question 3

Do I need good credit to get a hard money loan?

Accepted Answer

Credit matters less than collateral. A strong LTV position and solid exit strategy carry more weight.

Question 4

What are typical hard money loan terms?

Accepted Answer

Most run 6 to 24 months with interest-only payments. Rates vary by borrower profile and market conditions.

Question 5

Can I use hard money for a fix-and-flip in Palo Alto?

Accepted Answer

Yes — fix-and-flip is the most common use case. Lenders will want to see your renovation scope and resale plan.

Question 6

How is hard money different from a bridge loan?

Accepted Answer

Both are short-term. Hard money typically has more flexible underwriting and faster funding than bridge loans.

Hard Money Loans in Palo Alto, CA