Hard money is short-term, asset-based financing secured by the Costa Mesa property — funded in days, based on equity not income. Typical: ~9.5–15% rate, 1.5–4 points, 65–75% LTV, 6–24 months. Ideal for flips & value-add, then refinanced. Full program details.
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How hard money works
A hard money lender cares first about the property and its equity, not your tax returns. Because approval skips lengthy income underwriting, funds can arrive in days. The trade-off is a higher rate and points — fine, because it's a short-term tool: use the speed to buy and renovate, then refinance into a DSCR loan or sell.
When Costa Mesa investors use it
✓ Great for
- Fix-and-flip on older homes
- Value-add & renovation projects
- Competitive offers needing speed
- Auctions & bridge situations
✗ Not ideal for
- Long-term hold with no exit plan
- Primary-home buyers with time
- Lowest-possible-rate seekers
- Deals with thin equity
Typical terms (2026)
| Feature | Typical |
|---|---|
| Basis | Property & equity — not income |
| Rate | ~9.5–15% |
| Points | ~1.5–4 |
| LTV | ~65–75% |
| Term | ~6–24 months |
| Speed | Days to ~2 weeks |
Terms vary by lender, deal & equity; illustrative for 2026, not an offer.
Hard money FAQs
What is it?
Short-term, asset-based financing secured by the property.
Typical terms?
~9.5–15% rate, 1.5–4 pts, 65–75% LTV, 6–24 mo. Illustrative.
How fast?
Often days to ~2 weeks — speed is the point.
Good for flips?
Yes — Costa Mesa's older stock is prime fix-and-flip territory.
Offer it in Costa Mesa?
Yes — plus a DSCR/conventional exit or resale.
Save Financial is a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766), serving Costa Mesa from its Newport Beach office.