Using a property as collateral for HML

2 Replies

What’s going on BP community. Just wanted some feedback on a question I had; can a property that has debt on it be used as collateral as a down payment on a Hard Money Loan?

If it is not over leveraged and the Lender allows it, you maybe able to place a second on the property (very rare but I've seen it done)  the additional collateral shouldn't be leveraged over 60% 

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