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Santa Cruz moves fast. Investors who wait on bank approvals lose deals to cash buyers every time.
Hard money loans are asset-based. The property value drives approval — not your tax returns or W-2s.
6 – 24 Months
Typical Loan Term
Up to 70-75% ARV
Typical LTV
~600+
Min Credit Score
Asset Value (ARV)
Loan Basis
5–15 Business Days
Est. Close Time
Hard Money Loans in Santa Cruz
Lenders focus on the property's after-repair value (ARV). Your credit score matters less than the deal itself.
Most hard money lenders want 25-35% equity or down payment. Skin in the game is non-negotiable.
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options in Santa Cruz.
Santa Cruz moves fast. Investors who wait on bank approvals lose deals to cash buyers every time.
Hard money loans are asset-based. The property value drives approval — not your tax returns or W-2s.
Lenders focus on the property's after-repair value (ARV). Your credit score matters less than the deal itself.
Hard money is not a bank product. These loans come from private funds and specialty lenders — each with their own terms.
We work with 200+ wholesale lenders. For hard money in Santa Cruz, we match your deal type to lenders who actually close it.
Santa Cruz has a tight inventory and strong rental demand. Fix-and-flip and buy-and-hold deals both pencil here.
The mistake most investors make: underestimating hold costs. Hard money carries higher rates. Know your timeline before you close.
DSCR loans are cheaper and longer-term. If the property cash flows now, a DSCR loan beats hard money on rate every time.
Hard money wins on speed and flexibility. For acquisitions, renovations, or distressed properties, it's the tool banks won't touch.
Santa Cruz County has strict zoning and coastal rules. Renovation timelines can stretch — build that into your loan term.
Permit delays are common near the coast. Lenders who know California will underwrite these deals more realistically than out-of-state funds.
Many hard money lenders close in 5-15 business days. Speed depends on appraisal turnaround and clear title.
Single-family, multi-unit, and mixed-use properties typically qualify. Lenders focus on the asset value and your exit plan.
Not necessarily. Most lenders set a floor around 600-620 but weight the deal far more than your score.
Expect 6-24 month terms, interest-only payments, and higher rates than conventional loans. Rates vary by borrower profile and market conditions.
Yes. Fix-and-flip is the most common use. Some lenders include a rehab draw schedule built into the loan.
You may need a loan extension — usually for a fee. Build buffer into your timeline given local permit delays.