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Updated almost 4 years ago on . Most recent reply
Two hard money loans on one property
Is it possible to have two hard money loans on one property? For example; if my friend and I wanted to partner on a deal. If the price of the home was $300k with a 50/50 split on funding, could we both get a hard money loan? If so can it be from the same lender or would it need to be another lender? Any other feedback is appreciated!
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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- Fort Worth, TX
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
@Jaylen Edomwande thanks for posting! Always great to hear from a fellow Texan. Bigger Pockets does have some good state specific forums and Texas is their most active forum. Feel free to post there if you ever need some more "local" advice about things.
The answer to this question is going to be up to your hard money lender. I would suggest reaching out to some and speaking with them directly on it.