Short Term Supplemental Loan Advice
Hello,
I’m over budget on a project and I’m looking into a short term loan situation. Basically, I had a contractor squander some money and now am in need of $20k to $40k in order to finish the project. There is already a hard money loan in place on the property. My question is: does anybody have any experience with a supplemental loan such as this? Is there a name for such a loan? Thanks in advance!