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Updated almost 5 years ago on . Most recent reply

Shawn Thomas's profile image
Shawn Thomas's profile image
Shawn Thomas
  • Investor
  • from Long Island, NY
  • Member since Apr 7, 2020
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User Stats

34
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7
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Shawn Thomas's profile image
Shawn Thomas's profile image
Shawn Thomas
  • Investor
  • from Long Island, NY
  • Member since Apr 7, 2020
Connect
Shawn Thomas
  • Investor
  • Long Island, NY
7
Votes |
34
Posts
Multi-Family and Apartment Investing

Hard Money Loan —> Convention Loan

Shawn Thomas
  • Investor
  • Long Island, NY
Posted

You need to fund the final 20% need to acquire the property. You decide to go with a Hard Money lender with high interest costs but your plan is to refinance the HML into a conventional loan after maybe 6 months of seasoning. Is this possible? Can you count on this strategy? Looking for investors who have done this before.

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