This hard money loan can be used if you buy a property that you intend to flip with no rehab or refinance, but you need to hold onto it for a certain period of time before you can sell it to the next buyer or refinance the loan. This could be some sort of deed restriction, a bank rule or law about how quickly you can flip a short sale or the end buyer’s lender’s rules about how quickly title can be transferred. We are a hard money lender that requires that we hold the first and only lien on the property (hard asset).
What is the purpose of your seasoning loan? What does that mean?