What a new BRRR investor could could expect from hard money loan

[Dan Smith]

Is it typical for a new BRRRR investor to expect the following from hard money loan/investor:

For the hard money loan to pay for:

a down payment

closing costs

repairs on the house

Thanks you in advance for you help!

[George Despotopoulos]

I agree with @Kerry Boyle and @Tom S.

As a new investor, a hard money lender will lend to you if the deal makes sense but expect a higher origination fee, interest rate, and other requirements (like cash reserves/interest hold backs/stringent draw-down for rehab). 

There are some private or non-bank lenders that will refi you out of their own hard money loan once you've got renters in place OR the rehab is done and market rent analysis is sufficient/supports the DSCR they want to warrant a refi into a longer term. The rates for that type of loan will be higher than a traditional bank but you won't run into the problem of not being able to get out of the hard money loan.