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Updated over 4 years ago on . Most recent reply

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Torean Gardner
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Looking for some advice on a hard money lender gone wrong

Torean Gardner
Posted

So without going into extreme details. I had a property that I financed with a very shady hard money lender. Long story short lender stopped releasing draws and properties construction stopped as a result of it. I’m now looking to refinance and finish the project or look into getting bridge funding and finish the property on my own (property is about 75% done. Which would you recommend and has anyone else had a similar situation with a shady lender? thanks 

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Fred Shatzoff
  • Lender
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Fred Shatzoff
  • Lender
Replied

@Torean Gardner  Why have they stopped sending you money?  Have you talked to an attorney?  How much additional money do you need?

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