Hard Money - Converting to Conventional Loan

[Bill Mitchell]

I have never been through the HML process, but it is to my understanding as soon as the property has been properly rehabbed and up to code/inspection you must convert from the high interest HML to a conventional loan.

Is this difficult to do generally? My biggest feat with hard money is needing to convert to conventional but being stuck with hard money and unable to get out of it and the 18%+ interest. Its even more of a concern because I own my business and its harder to get conventional lenders on board unless you have a typical 9 to 5.