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Updated about 6 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
Jose Rodriguez
  • Realtor
  • Pomona, NY
0
Votes |
7
Posts

Looking for private / hard money lenders!

Jose Rodriguez
  • Realtor
  • Pomona, NY
Posted

Hi biggerpockets, I currently closed a property that has great potential however, the investor that we have on board that funded the purchase of the home currently has 1st lien and I'm currently looking for the rehab funds. I have been speaking with investors and hard money lenders but everyone seems to want 1st lien right off the bat. How can I get another investor on board without removing the current investor who already has 1st lien? It is a really good deal with great margins.

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