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Updated almost 3 years ago,
Can someone help me find a good hard money lender
Hello I currently have a property under contract in Marin we plan to convert a duplex back to a single family home.
The home was converted into a duplex back in 2008 we merely want to convert it back to a SFH. we've already contacted the county planning department and they said it wouldn't be a problem.
our current lender says they will not lend for rehab on something like that they even say no other hard money will is this true? the house seriously needs a lot of rehab work and our lender says they don’t lend on rehabs that would require us to pull permits.
This is crazy because if I were to remodel a home I would definitely pull a permit as I would not want to get caught without one. They say no hard money lender will lend on a rehab that requires permits?
Any thoughts