When My Fix-and-Flip Loan with a Hard Money Lender has a Construction Holdback: How Does that Work?

When you partner with a hard money lender for help financing your fix-and-flip project,  your loan might include a construction “holdback” where the lender will help fund the purchase of your fix-and-flip property, then hold back the construction portion of the loan to incrementally pay for the property’s renovation. Why does my hard money loan …