How do you pay back a hard money lender?

[Roberto Vasquez]

Can someone help me with different ideas on how to pay back a hard money lender? Thank you. 

[Jason Shackleton]

Hey @Roberto Vasquez hard money loans are used mostly when purchasing a property that is deeply discounted or to secure a deal quickly when you do not have enough time to get a traditional mortgage. In terms of how to pay it off, this usually happens once you have completed your renovation and reached your ARV number. At this point you can pay off the hard money loan with a traditional loan by refinancing the property. Or you may choose to sell the property and pay the hard money loan off with the proceeds from the sale.