Hard Money Lenders - Low Credit Score Refi options
Please share lenders who are low credit score friendly and or hard money lenders that are easy to work with, e.g. won’t tie your money up in draws.
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Zachary Deal
#4 Medium-Term Rentals Contributor
Pro Member
#4 Medium-Term Rentals Contributor
- Lender
I 100% agree with Chris and Peter. Almost every reputable lender is going to have a draw process for any lender funded rehab portion. This is how they ensure the work is completed and the project is staying on budget.
The questions you should be asking are what is the draw process. How long does it take to receive the draws? What is the cost? Do you have an inspector come out the property every time or can we use app to confirm work has been completed? The process can vary greatly so it's important to understand it and ensure it works for you.