Portfolio Lender vs. Hard Money Lender

[Andrew Hunt]

Hi guys -

Just working on my first three fix and flips right now. All three are looking good :)

I used a hard money lender on one project and found them very easy to work with. However, I've also heard that portfolio lenders can be used for fix and flips.

Is this true? I thought portfolio lenders could only be used for long-term rental property but not for fix and flips. However, if we can get a lower interest rate using a portfolio lender (vs 12% through hard money), that would be a big win.

Thank you,

Andy