Hard Money Lenders And Funding Repairs
I've contacted several hard money lenders to inquire about their programs and requirements.
The ones that I've spoken to require the borrower to pay for the initial repairs. The lenders than reimburses you once the repairs are complete. Is this common practice with most hard money lenders?
If you are borrowing "Subject To", yes, If you are borrowing on just the "AS-IS" appraisal and equity only, then no.
You will need to specify what you are trying to do then look for the HML that would lend on your needs.