Can you get hard money and some cash at close?

[Ivan Reyes]

I thought I saw a post here that basically talked about using hard money at 70% ARV. But if you estimate that your deal only requires 64% or 67% ARV that you may be able to get the difference at close and pay it back when you sell?

Reason I ask is that I found a property where the buy and fix will really only be about 64% ARV. I've identified a hard money lender that will do 70% of the ARV. My contractor needs a 1/3 to start the project which I will pay when his guys show up and finish the day. If I could get that % difference at close it would make things easier.

Can anyone shed some light on whether hard money lenders do this or not?

Thanks.

Ivan