Hard money and construction company

[Caryn Zallnick]

Does anyone know about hard money lending and using your own construction company to do the rehabbing? I have heard that a lot of hard money lenders will not let you use your own company to do the rehab even if it’s all licensed. Does anyone know a way around that or possible lenders that do allow it?

[Will Barnard]

Originally posted by @Caryn Zallnick:

Does anyone know about hard money lending and using your own construction company to do the rehabbing? I have heard that a lot of hard money lenders will not let you use your own company to do the rehab even if it’s all licensed. Does anyone know a way around that or possible lenders that do allow it?

I have never seen or heard of any hard money lender place such a restriction in their loan docs and if you found one or two that do, find another, there are plenty of options out there for you as far as HML's are concerned. If you have an ongoing construction company, you are at an advantage on your flip so most lenders will welcome that.