Hard money loan to buy multi family then refinance on conventiona

[Alfredo Aguirre]

Hello everyone, I currently found a great property ( 5 units ) but i do not have the 25% down payment required by my bank to get the loan, reason why i am considering a HML...

My question is , if i buy this property on a HML and then after 6 months i want to refinance with a conventional loan for 15 yrs, do I still have to pay the 25% down or how do this work?