"OK Mr. funny guy, are you saying that you will make a hard money loan on any real estate if it makes sense?

Fair question to ask me.

Answer: No I won't.

Consider this scenario:
Property with only $250,000 in liens against it.
Borrower thinks it will appraise for $1.2 million.

"But I want to refi my old gas station property. I will be turning it into a pizza parlor (once my ex-wife moves out). Just because the IRS has liens against me is no reason to deny this loan. And I really don't think the old Environmental Protection Agency will enforce their cease and desist order..."

Thank you for playing. PASS.

Even though a ton of equity in the property, I would pass on this lending opportunity.

Have a great day!