Question 1

How fast can a hard money loan close in Oxnard?

Accepted Answer

Many hard money lenders close in 7–14 days. Speed depends on title, the lender's process, and how clean your deal is.

Question 2

Can I use hard money for a multifamily property in Ventura County?

Accepted Answer

Yes. Small multifamily properties are common hard money targets. The lender will focus on the property's value and your rehab plan.

Question 3

What credit score do I need for a hard money loan?

Accepted Answer

Many hard money lenders have no firm minimum. The deal's strength carries more weight than your credit score.

Question 4

What is after repair value (ARV) and why does it matter?

Accepted Answer

ARV is what the property is worth after renovations. Lenders base their loan amount on ARV — not the purchase price.

Question 5

Are hard money loans interest-only?

Accepted Answer

Most are. You pay interest monthly and repay the principal when you sell or refinance at the end of the term.

Question 6

What happens if my rehab runs over the loan term?

Accepted Answer

Many lenders offer extensions for a fee. Plan for this upfront — surprises on Ventura County permit timelines are common.

Hard Money Loans in Oxnard, CA