Can you do 100% commercial financing with Hard Money?

Question

Say you have a seller that will do 30% percent seller carryback and a hard money lender doing 70% LTV, will HML's do these type of deals?

Account Closed · Answer

If the seller can co-sign the loan, that might be possible. Lenders require borrowers to put down payment.

Eric Johnson · Answer

It's rare. Usually it has be a very good deal with a solid sponsor.

Michael Kinsella · Answer

@Harold Wimberly

It's highly unlikely. Most hard money lenders stipulate that they need to be the "first and only" lien.

If you do find one who is okay with a 2nd lien, then be sure to find out their CLTV "combined loan-to-value" restrictions, as that in and of itself may prohibit 100% financing.

Best,

Michael

Can you do 100% commercial financing with Hard Money?

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