Question 1

How fast can a hard money loan close in Sunnyvale?

Accepted Answer

Most hard money loans close in 7-14 days. That speed is the main reason investors use them in competitive markets like Sunnyvale.

Question 2

What credit score do I need for a hard money loan?

Accepted Answer

There's no strict minimum. Lenders care far more about the property's value and your exit plan than your credit score.

Question 3

What's a typical loan term for hard money in Santa Clara County?

Accepted Answer

Terms usually run 6-24 months. These are short-term loans meant to bridge acquisition and renovation, not long-term holds.

Question 4

Can I use hard money to buy and rehab a Sunnyvale property?

Accepted Answer

Yes — that's the primary use case. Lenders fund the purchase and can include a rehab draw schedule in the loan structure.

Question 5

What happens after the rehab is complete?

Accepted Answer

Most investors either sell the property or refinance into a DSCR or conventional loan to pay off the hard money balance.

Question 6

Are hard money rates higher than conventional mortgage rates?

Accepted Answer

Yes, significantly. The tradeoff is speed and flexibility. Rates vary by lender and borrower profile — market conditions apply.

Hard Money Loans in Sunnyvale, CA