Posted by John Corey on May 03, 2006 at 02:25:32:
If you assumed that subject-to and hard money does not go together you would largely be correct. I do not know of a hard money lender in the residential sector that will offer a second. OK, I do know of one exception but the CLTV was something less than 60% based on the as-is value.
If your client is buying subject-to then all they should need is some cash for repairs. Best to try Home Depot and other such firms to finance the repairs until the refi come into play.