Question 1

How fast can a hard money loan close in Santa Clara?

Accepted Answer

Most hard money deals close in 7-14 days. Speed depends on appraisal and title turnaround in Santa Clara County.

Question 2

Do I need good credit for a hard money loan?

Accepted Answer

Credit is reviewed but rarely the deciding factor. The property value and your exit strategy carry more weight with most lenders.

Question 3

What property types qualify in Santa Clara?

Accepted Answer

Single-family, multi-family, and mixed-use properties commonly qualify. Lender appetite varies — we match you to the right one.

Question 4

How long is a typical hard money loan term?

Accepted Answer

Most terms run 6-24 months. These are short-term tools — not long-term holds.

Question 5

Can I refinance a hard money loan into a DSCR loan?

Accepted Answer

Yes. That's a common exit strategy. Stabilize the property, then refi into a DSCR loan for long-term hold.

Question 6

What is LTV and why does it matter here?

Accepted Answer

LTV is your loan amount divided by the property value. Most hard money lenders in CA cap it at 65-70%.

Hard Money Loans in Santa Clara, CA