Can hard money be used on multiple deals?

[Orlando Paz]

Just wondering... Is it possible to use hard money to purchase two or more flips? In other words... If I were to find two deals under $40k each, how possible would it be to use hard money? I am assuming that hard money lenders would not lend below a certain amount. In my example, the hard money lender might not be interested at $40k, but might consider at $80k. I do realize they base their decisions on ARV, but I'm curious to know if this has been done.