Hard money loans are short-term, asset-backed loans secured by the property you're buying or renovating, not your tax returns or credit score. Fresno investors use them when a deal moves faster than a bank can, or when the property doesn't qualify for conventional financing. If you own or control a property with enough equity, you can likely qualify.
Loan Terms
Rates typically run 9% to 13% depending on the deal, the property type, and your experience. Most lenders fund up to 70% to 80% LTV on purchase, and up to 90% of total project cost on fix-and-flip deals with strong ARV. Closing takes 7 to 14 business days on most transactions, sometimes faster with a clean file.
Who Uses Hard Money in Fresno
Fix & Flip Investors
Acquire and renovate properties quickly without tying up your own capital for months at a time.
Bridge Borrowers
Close on a new property before an existing one sells, or stabilize an asset before refinancing into permanent debt.
Land & Construction
When banks won't touch raw land, entitled lots, or ground-up builds without cash-flowing collateral.
BRRRR Investors
Acquire distressed rentals, force appreciation through rehab, then refinance into a DSCR loan at the higher appraised value.
How ClearRate Funding Works
Submit your deal
Property address, purchase price, rehab budget, timeline. Takes three minutes.
We match you with lenders
ClearRate Funding is a lending marketplace, not a direct lender. We connect you with hard money lenders who fund in Fresno and California so you can compare terms before you commit.
You choose and close
Pick a lender, they issue a term sheet and move toward closing. You pay us nothing to use the marketplace.
Fresno Real Estate Market
Fresno investors often target distressed single-family homes in emerging neighborhoods where rehab margins still support a 70% ARV offer. Whether you're buying a rental, flipping a property, or developing a lot, hard money gives you the speed to compete with cash buyers in the Fresno market.
Zip Codes We Serve in Fresno, CA
ClearRate Funding connects investors with hard money lenders across all of Fresno. Below are the zip codes we cover:
Ready to Find a Lender in Fresno?
Submit your deal at ClearRate Funding. No commitment, no cost.
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