Question 1

How fast can hard money loans close in Capitola?

Accepted Answer

Most close in 7-14 days if you have property details ready. We've funded deals in five days when borrowers had appraisals and title work lined up before applying.

Question 2

What credit score do I need for hard money in Santa Cruz County?

Accepted Answer

Many lenders approve scores below 600 because they focus on the property's value and your renovation plan. Your exit strategy matters more than your credit history.

Question 3

Can I use hard money for a Capitola vacation rental purchase?

Accepted Answer

Yes, if you have a clear path to stabilize the property and refinance. Lenders want to see rental income projections and your plan to convert to long-term financing.

Question 4

What's the typical down payment for Capitola hard money loans?

Accepted Answer

Expect 20-30% down based on the property's current value. Lenders may adjust this if your after-repair value shows strong equity potential.

Question 5

How do Capitola's rental regulations affect hard money approval?

Accepted Answer

Lenders evaluate whether your exit strategy aligns with local short-term rental rules. Properties without clear rental permit paths may face stricter terms or higher rates.

Hard Money Loans in Capitola: Fast Capital for Coastal Real Estate Investors