Frequently Asked Questions

What is a hard money loan?

A hard money loan is an equity-based loan used as a bridge to fund the borrower’s immediate financial needs. Generally, it is a short-term solution (six months to two years) for clients who need fast money.

Most hard money loans are used for projects lasting from a few months to a few years. It is used for all types of real estate secured financing, such as commercial, retail, industrial, raw land, construction, and multi-family homes.

How do I get prequalified for a hard money loan?

It’s really simple. You can start by either filling out the Short or Long Form Application or you can contact a loan specialist at (916) 226-6262. We will go over the process with you and answer any of your questions.

What if I have bad credit? Can I still get a loan?

Yes! Our hard money underwriting guidelines focus primarily on equity, not borrower credit. We have accepted borrowers with low credit scores, prior bankruptcies, and foreclosures.
If a bank turns you down, call Twin Rivers Capital. We are ready to respond quickly and efficiently to meet your needs.

How long does the loan process take from pre-qualification to funding?

We usually take under two weeks to close the deal.

Do I need to get an appraisal?

Generally, an appraisal is part of our underwriting and due diligence process and may be necessary depending on the LTV (loan-to-value) ratio and the uniqueness of the property.

If an appraisal has already been completed, providing a copy for our review may fulfill the need and save time.

Where does Twin Rivers Capital loan?

Twin Rivers Capital provides loans throughout California.

AL, AK, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID(C), IL(C), IN, IA, KS, KY, LA, ME, MD, MA, MN(C), MS, MO, MT, NE, NH, NM, OH, OK, OR(C), PA, RI, SC, TN, TX, UT(C), VA(C), WA, WV, WI, WY


How is Loan-to-Value ratio determined for hard money loans?

A borrower can borrow up to 65-75% of the property value. With most hard money lenders, the loan to value is determined through either an appraisal or a broker value opinion. A broker’s value opinion might be hired by a hard money lender to assess the property and estimate what the potential value of a property might be. These brokers assist with the hard money approval process enabling us to act more quickly to approve your loan application.

Why do people use hard money loans?

A hard money loan is a short-term, non-conforming loan for commercial or investment properties, that doesn’t come from traditional lenders, but rather people or private companies that accept property or an asset as collateral. Commercial borrowers may turn to hard money loans after having a loan or mortgage application denied, or to avoid the lengthy process of getting approved for a loan through traditional means.