Can I use hard money to cover a down payment?
Newbie here and I want to ask if it is a good idea to use a hard money lender for an investment property? I want to buy a condo in a beach town but lack the funds to cover the down payment. Can I use a hard money lender to fund the rest of the down? by Lance458307 from Capistrano Beach, California. Apr 20th 2022
Dan Paladin (dpaladin)
#356 ranked lender in California - 792 contributions
You would have to disclose the debt and include the payment to qualify assuming the lender allows you to use borrower funds. I would need more details to see how to structure the deal. If you feel like reaching out to discuss feel free to contact me. 562.254.5616
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