Does hard money make sense for this situation?

[Brad Gilboe]

Hey All,  I am a realtor and have a client who is looking to improve his property prior to selling.  He has no income because he is taking a new job out of state after he sells in 4-6 months. He currently has a 1st and 2nd mortgage that are approx 60% of his home value as it is now.  My client is looking to borrow $30-50,000 to do improvements on the home to sell immediately.  I"m told because of his lack of income he can't qualify for another loan from his band.

Im curious if a hard money lender would be the correct option to secure $30-50,000 for improvements to sell.  I believe this would be a 3rd mortgage but Ive never structured a deal like this.  Has anyone had any experience structuring a loan in this way?  Are there other options I should be considering?  Thanks in advance for the help.