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Updated over 1 year ago on . Most recent reply
What do hard moeny lenders do with deals they can't fund?
What do hard money lenders do with deals they can't fund themselves? Do they ever broker the deal with another lender?
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Robin Simon
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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
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#3 Private Lending & Conventional Mortgage Advice Contributor
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- Austin, TX
Quote from @Jake Daily:
What do hard money lenders do with deals they can't fund themselves? Do they ever broker the deal with another lender?
It can be an option for hard money lenders - typically hard money is more regional and focused on specific niches than say non-QM platforms, so the option is definitely there to refer business to lenders that can take care of a deal you may not be able to fund