Question 1

How fast can I close a hard money loan in Watsonville?

Accepted Answer

Most hard money deals close in 5–14 days. Speed depends on how quickly title clears and appraisal is ordered.

Question 2

Do I need good credit to get hard money?

Accepted Answer

Credit matters less than the deal itself. Lenders focus on property value and your equity position, not your W-2.

Question 3

What loan-to-value can I expect?

Accepted Answer

Most hard money lenders in California lend up to 65–75% of ARV. The stronger the deal, the better your terms.

Question 4

Can I use hard money for a rental property in Watsonville?

Accepted Answer

Yes — but hard money is short-term. Plan to refinance into a DSCR loan once the property is stabilized and rented.

Question 5

What does the lender mean by exit strategy?

Accepted Answer

It is your plan to repay the loan — usually a sale or refinance. Lenders want proof you have a realistic way out.

Question 6

Are hard money rates higher than conventional rates?

Accepted Answer

Yes, significantly. Rates vary by borrower profile and market conditions. You pay a premium for speed and flexibility.

Hard Money Loans in Watsonville, CA