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Updated almost 3 years ago,

User Stats

18
Posts
3
Votes
Brian O.
  • New to Real Estate
3
Votes |
18
Posts

Can someone help me find a good hard money lender

Brian O.
  • New to Real Estate
Posted

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

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