Private money lender question

[Edwin Bethune]

Good morning BP

I’m working on getting funding from a private lender. I was told this when I brought a few properties to the table. Is this normal practice? Sounds like they want my down payment and for me to sit back and allow them to do/manage everything. 

[Robert Finn]

In my experience the private money lender will want to send their "inspector" out, during the remodel, before they let you complete the draw request. Not to sure on the conversation here in the screen shot, but usually it's their money so their terms. It may also be helpful to have your GC converse with the lender on how the work will be done and expectations, that way everyone is on the same page. The GC crew may want to get paid a certain way, but if it's not possible by your lender they need to know that from the start.