Unless your first is next to nothing, and your value is really high, you wont find any hard money lender willing to do a 2nd mortgage.. example.. property value $300K, First lien $40K, Looking for $60K 2nd.. you might find a lender willing to go down this path.. 2nd Example.. Property value $300K, First lien $240K.. Looking for a $30K hard money 2nd.. not going to happen.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com
You will find hard money will want 1st. position.
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