Hard money for owner occupied rehab

[Jonathan Tavarez]

Hi BP fam.

I have been trying to understand this for some time, in my area hard money lenders won't do loans if the person purchasing the property with the loan plans to move to the property after rehab, what is the reason for this?  In my mind if I purchase a property with hard money then worst case scenario I refinance after 6 months and then do whatever with the property, is this a problem?