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Updated over 7 years ago on . Most recent reply

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6
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2
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Ben E.
  • Grand Rapids, MI
2
Votes |
6
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Hard Money Lenders in Grand Rapids

Ben E.
  • Grand Rapids, MI
Posted

I have some liquid funds that I would like to use for doing my first rehab in Grand Rapids,MI. I do own a rental property in the area so I am acquainted with the real estate market but this would be my first rehab. Ideally I would like to pay cash for a property but I do not have enough funds to cover both the property and rehab costs. I was considering using hard money to finance the property and my cash to cover rehab costs. Does any one have any suggestions or recommendations on financing for a first time rehab?

Most Popular Reply

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715
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Bob Floss II
  • Attorney
  • Northbrook, IL
547
Votes |
715
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Bob Floss II
  • Attorney
  • Northbrook, IL
Replied

There are lenders that work specifically with rehabbers.  They will finance up to 80% purchase price and all of the rehab budget.  I've done some closings with FundThatFlip and they can probably work with you.

  • Bob Floss II
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