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Updated over 2 years ago,
Hard Money Lenders who accept private money for the down payment
We have been frustrated with Hard Money Lenders who source where our funds come from to make the initial down payment. We have private investors who will lend us the money for the initial funds needed to acquire a property with a Hard Money Lender. Once the lender sees a deposit in our checking account they ask where it came from and if it is for the acquisition they do not allow it. They have first lien on the property do I don't see why it matters. Does anyone know of lenders that will accept private money for the initial funding of the loan?