Rehab Funding Exhausted....Alternative funding

[Jay Charles]

Hello BP,

What are some alternatives for additional funding if you've exhausted your rehab project funds? 

[Tarl Yarber]

You can reach out to your current lender that is providing you the funds, and ask for additional funding.  They may say no, and they may also say yes and charge you a bunch more for it.

Additionally, depends on your access to other capital.  Do you have other assets you can leverage?  Do you have other investors you can borrow from?  Can you give equity away to someone in return for the remaining funds needed to finish the project up?

Bottom line, if you already own the project and it cant be sold (or rented) until the project is completed, you go to do whatever it takes to finish the project up and move on.  If you are in this business for the long run, then one deal is nothing compared to the bigger picture.