Hard Money Loans and Closing Costs

[Wardell Picquet]

This is a serious newbie question, but I'll go ahead and ask anyway. I want to start flipping houses here in San Antonio and I'm seriously considering hard money. I've read about the Closing Costs associated with the hard money loan ( fees, points, interest, etc.). What I really want to know is: will hard money lenders consider the Closing Costs associated with the Purchasing of the initial distressed property to be part of the purchase price or does the borrower have to take care of that as part of having "skin in the game?"