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Simi Valley sits in Ventura County — a market where investors move fast on distressed properties. Hard money loans exist for exactly that speed.
Traditional lenders take 30-45 days. Hard money closes in days. That gap wins deals in competitive markets.
9% – 13%+
Typical Rate Range
6 – 24 Months
Loan Term
25% – 35%
Typical Down Payment
2 – 4 Points
Lender Points
Secondary to Deal
Credit Score Focus
Hard Money Loans in Simi Valley
Hard money lenders care about the property's value — not your tax returns. Your credit score matters less here than the deal itself.
Expect to put 25-35% down. Lenders want skin in the game. Strong equity protects them if you default.
Local decision guide
Use this guide to connect hard money loans eligibility, lender expectations, and local market factors before comparing payment options in Simi Valley.
Simi Valley sits in Ventura County — a market where investors move fast on distressed properties. Hard money loans exist for exactly that speed.
Traditional lenders take 30-45 days. Hard money closes in days. That gap wins deals in competitive markets.
Hard money lenders care about the property's value — not your tax returns. Your credit score matters less here than the deal itself.
Hard money lenders are private — not banks. Terms vary wildly between lenders. Rate, points, and prepayment penalties all differ.
Working with a broker gives you access to multiple hard money sources. We shop terms across 200+ wholesale lenders to find the right fit.
Most investors get burned on hard money by not reading the prepayment clause. Some lenders charge full interest even if you pay off early.
Exit strategy matters before you sign. Know if you're flipping or refinancing into a DSCR loan. Lenders want to see that plan.
Bridge loans cover gaps between transactions. Hard money funds acquisitions and renovations. They're similar — but the use case differs.
DSCR loans are the natural next step after a flip stabilizes. Close with hard money, renovate, then refi into a long-term DSCR loan.
Simi Valley has a mix of older ranch-style homes that attract fix-and-flip investors. Dated kitchens and deferred maintenance are common entry points.
Ventura County's permitting process can affect your rehab timeline. Budget extra time — hard money carries daily interest costs.
Most hard money loans close in 5-10 business days. Speed depends on how quickly the appraisal and title work get done.
Single-family, multi-family, and mixed-use properties typically qualify. Lenders focus on the property's value and rehab potential.
Credit still matters, but it's not the deciding factor. Lenders weight the deal's equity and your exit strategy heavily.
Most terms run 6 to 24 months. These are short-term instruments — not long-term financing solutions.
Yes. Many hard money programs include a rehab draw schedule. Funds release in stages as work is completed.
Once the property stabilizes, refinance into a DSCR or conventional investment loan. Plan your refi timeline before you close.