Hard money is short-term, asset-based financing secured by the Orange 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 to renovate an Old Towne historic home or bridge a purchase — then refinanced. Full program details.
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 higher rate and points are the cost of speed — fine, because it's a short-term tool: acquire and improve, then refinance into a conventional or DSCR loan, or sell.
When Orange buyers use it
✓ Great for
- Renovating an Old Towne historic home
- Value-add investment projects
- Bridge: buy before you sell
- Moving fast on a scarce, prized listing
✗ Not ideal for
- Long-term hold with no exit plan
- Buyers with time for standard financing
- Lowest-possible-rate seekers
- Deals with thin equity
Typical terms (2026)
| Feature | Typical |
|---|---|
| Basis | Property & equity — not income; as-is OK |
| Rate | ~9.5–15% |
| Points | ~1.5–4 |
| LTV | ~65–75% |
| Term | ~6–24 months |
| Exit | Refi to conventional/DSCR, or sell |
Terms vary by lender, deal & equity; illustrative for 2026, not an offer. Confirm historic-district rules independently.
Hard money FAQs
What is it?
Short-term, asset-based financing secured by the property.
Old Towne historic homes?
Yes — funds as-is purchase + restoration, then refinance.
Preservation rules?
Yes — Old Towne has design standards & review; confirm before scope.
Typical terms?
~9.5–15% rate, 1.5–4 pts, 65–75% LTV, 6–24 mo. Illustrative.
Offer it in Orange?
Yes — with a conventional or DSCR exit.
Save Financial is a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766), serving Orange from its Newport Beach office. Historic-district and preservation rules are set by local government and change; confirm independently.