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Updated over 8 years ago,
Need help with hard money lenders
Here is the current issue. I am doing a JV deal with someone and we found a great property with good numbers. My partner whobis funding the deal wants to use a hard money lender. So we have been looking and it seems that a few that we have been in contact with want him to live in the same state as the property. I live in Chicago where the property is and I will be managing the whole project. So my questions are 1. Are there any hard money lenders that will lend withy partner being in another state from the property? 2. Will me being added to the LLC make a difference since I live in the same state as the property help with the local hard money lender. Any help would be great. Thanks.