I have been looking at hard money lenders to look at funding a deal and some only lend in certain states and such. Does the lender need to lend in the state of the property or the state that you reside in?
The lender doesn’t always have to physically be located in your state. They could have fulfilled licensing requirements in your state from a remote locations.
Although smaller Private Hard Money Lenders usually only lend in the state they are in.