Rehab Hard Money Lenders Help Investors Accomplish Their Goals

[Corey Dutton]

Rehab hard money loans are important to understand if you are thinking of rehabbing and re-selling any piece of property. Particularly if your capital runs dry before the project is complete, a rehab hard money lender can see your project through to completion.

Private money loans for rehabs can ensure that enough cash is put toward whatever rehab project you're preparing to resell. As most rehab projects that could require a hard money financing deal are intended to turn over quickly, usually at a significant profit, this is really what rehab hard money lenders are interested in. The property being rehabbed is used as the collateral so the creditor normally wants to see that the property can be sold at a profit even if the borrower defaults on the original hard money loan.

Have you used hard money to rehab and then resell a property at a profit? Please share your story.