Wholesaler · Oregon, OH · Member since 2021 · 56 posts · 15 votes
I have a property I want to rehab. Rehab costs $30k and arv $170,000. I can pay lender back after I refinance the property. We can make a contract. Thank you.
I'm a hard money lender but your plan isn't clear to me. Do you mean that you can't make any payments until you refinance the property? We could do a cash-out refinance with a construction reserve and build in an interest reserve to make the payments for you, but that assumes there's equity in the property as is. Go to our website and put in a loan application and we can quote you!