Are there any hard money lenders that do 2nds only???
Hard Money Lenders typically have higher rates and higher closing costs…I’ve read multiple articles online verifying this. You’re better off going with a good mortgage broker who can shop interest rates and cost and give you several options. A good broker can find you several of them. Some brokers may not be willing to do a 2nd because commision is based on loan size and a 20,000 or 30,000 2nd mortgage may not be worth it to them, especially if they do a lot of volume.
Chris Moll
Hard Money lenders do a 2nd. And it all depends on the size you are looking for.
Why do you want a HM second what are you trying to do?
There may be other ways and cheaper ways of accomplishing what you are trying to do?
Are you trying to bring a NOD current?