Hey I was wondering if I can have 2 hard money lenders to fund 1 investment property. For certain circumstances I have 1 hard money lender who will lend me for the purchase of the property but will not find the rehab. Can I have a 2nd hard money lender lend for the rehab? Will I be able to pay them both back with the refi?
Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
6y
Yes, as long as the 2nd lender knows about the first and doesn’t mind being in 2nd position. (He could lose all his money if you fail, so the rates could be much higher...)