Short Term Supplemental Loan Advice

[Evan Greenstein]

Hello,

I’m over budget on a project and I’m looking into a short term loan situation.  Basically, I had a contractor squander some money and now am in need of $20k to $40k in order to finish the project.  There is already a hard money loan in place on the property.  My question is:  does anybody have any experience with a supplemental loan such as this?  Is there a name for such a loan?  Thanks in advance!