Hard Money vs Construction/Rehab Loan

[Kevin Alvarado]

Hey everyone,

I have my builder and lot ready. Permits and plans are in review. I am browsing for a loan to get the financing side of this project taken care of.

I am wondering which one of the two loans (hard money vs construction/rehab) would be recommended and what are the differences? 


How does a construction/rehab of 9.9% with 2.5 points sound? I received an offer but am unsure if I am making the right move by going forward with this type of loan. I don’t know if they are basically similar. This is not from a bank, this is from a broker.

Thank you! Any opinions appreciative.