Question 1

How fast can a hard money loan close in Sebastopol?

Accepted Answer

Most hard money deals close in 7-14 days. That depends on clean title and a responsive borrower.

Question 2

Do I need good credit for a hard money loan?

Accepted Answer

Credit matters less here than the deal itself. Lenders focus on property value and your exit plan.

Question 3

What's a typical loan term for hard money?

Accepted Answer

Most terms run 6-24 months. These are short-term loans — not long-term holds.

Question 4

Can I use hard money for a Sebastopol fixer-upper?

Accepted Answer

Yes. Fix-and-flip is one of the most common uses. Lenders will often fund purchase and rehab together.

Question 5

What happens if my project runs over the loan term?

Accepted Answer

Most lenders offer extensions — for a fee. Know the extension terms before you sign.

Question 6

How do hard money rates compare to conventional loans?

Accepted Answer

Hard money rates run significantly higher. You're paying for speed and flexibility, not a low rate. Rates vary by borrower profile and market conditions.

Hard Money Loans in Sebastopol, CA