Question 1

How fast can a hard money loan close in Benicia?

Accepted Answer

Many deals close in 5-10 business days. The property appraisal is the main bottleneck — not underwriting.

Question 2

What credit score do I need for hard money?

Accepted Answer

Most hard money lenders don't have a hard floor. The property value and your down payment matter far more than your score.

Question 3

Can I use hard money on a Benicia fix-and-flip?

Accepted Answer

Yes — that's the primary use case. You borrow to acquire and rehab, then sell or refinance to pay off the loan.

Question 4

What are typical hard money rates in California?

Accepted Answer

Rates vary by borrower profile and market conditions. Expect higher rates than conventional loans — you're paying for speed and flexibility.

Question 5

How many points will I pay on a hard money loan?

Accepted Answer

Origination points typically range from 1 to 4. Repeat borrowers with strong track records often negotiate lower fees.

Question 6

Can I refinance out of hard money into a long-term loan?

Accepted Answer

Yes — and you should plan for it from day one. DSCR or conventional loans are common exits after a rehab is complete.

Hard Money Loans in Benicia, CA — Fast Capital for Real Estate Investors