Good lender to take over a 1 year hml
Im buying two properties from a flipper that bought them as short term flips. One is currently rented and in great shape. The other he put maybe 5k into for flooring, paint and other cosmetic things. Im taking over his hard money loan so he doesn't have any seasoning and in turn im buying them at a discount. How difficult is it going to be getting them converted into 2 mortgages from the one 1 year loan? Three broker im working with seems confident he can get it done but it has me a little worried. If anyone has experience with a similar situation I'd love any advice. They are in the Charlotte, nc area close to downtown