Can you have two Hard Money Loans on the same property?

[Rah-sheen Blalock]

property is 150k i got 75k from 1 lender can i get 75k more from another lender to close the deal???

[Jon Holdman]

Probably not.  Few hard money lenders will make a second  position loan because of the very high risk.  Some who will lend in first position will not allow a second position loan or any other lien to be placed against the property.

You might be able to borrow against a different property or get some sort of unsecured loan to fund the remainder of your rehab.

I'm dubious you have much of a deal if you're paying $150K and a HML is only willing to lend $75K. But perhaps there are other factors involved.