Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago,

User Stats

14
Posts
1
Votes
Michaela Hayes
  • Wholesaler
  • Philadelphia, PA
1
Votes |
14
Posts

Need advice on current rehab project with hard money lender.

Michaela Hayes
  • Wholesaler
  • Philadelphia, PA
Posted

I have a situation with my current hard money lender that is slowing my progress on my projects causing me to pay more interest only payments than expected. One of the biggest issues I have with the lender is that they are slow to inspect and when they do they only release about 40% of the draw which causes me to have to front more money for the project than I was expecting. The entire process has slowed my progression on the projects and I wanted to get advice on if it is possible to switch lenders when your almost halfway through a rehab and if anyone has ever done it, Thanks!

Loading replies...