Hard Money and House Hacking

[Sean Sloop]

Hey All

I am looking to house hack a value-add duplex and was looking to use Hard Money to purchase & rehab the duplex. Ultimately to refinance the property and pay back the HML. Call it a BRHHRR :)

It seems many Hard Money Lenders do not allow owner occupant properties and is listed clearly on the 3-5 websites I was reviewing, is that the norm across the industry? 

With current COVID climate, many lenders are tightening eligibility, but is curious if this is an option anyway with the owner occupant restriction. 

Thanks!