Question 1

How fast can a hard money loan close in Sonoma?

Accepted Answer

Many deals close in 7-14 days. Speed depends on how quickly you supply the property details and rehab budget.

Question 2

What property types qualify in Sonoma County?

Accepted Answer

Single-family, multi-family, and mixed-use properties typically qualify. Lenders evaluate each deal individually.

Question 3

Do I need good credit for a hard money loan?

Accepted Answer

Credit score is not the deciding factor. Lenders focus on the property value and your exit strategy.

Question 4

Can I use hard money to buy a fixer-upper in Sonoma?

Accepted Answer

Yes. Fix-and-flip acquisitions are the most common use case. Lenders often fund both purchase and rehab costs.

Question 5

What is after-repair value and why does it matter?

Accepted Answer

ARV is the estimated value after renovations are complete. Lenders cap your loan as a percentage of ARV.

Question 6

How do I refinance out of a hard money loan?

Accepted Answer

Once renovated and leased, refinance into a DSCR loan. That's the standard exit for Sonoma rental investors.

Hard Money Loans in Sonoma, CA