Hard Money Refi

[Steven Garza]

Hello BP community,

I am a newer investor I currently have a flip on the market trying to be sold. As most of you know the market is super slow right now for sellers. I currently have a loan with a HML at 10.5% on a 6month term. Is it possible or does anyone know of anyone doing these types of refinancing I am getting close to panic mode and could use any and all help.

Thank you

[Steven Garza]

Quote from @Jaycee Greene:

Hey Steven. Have you asked the HML for an extension? Most HMLs I deal with will do that; however, they will probably charge an extension fee.

 Jaycee,

Yes they have a 90 day extension but obviously at a cost. Currently would add on an additional $5,200 when the loan is paid in full.