Options to exit hard money

[Alberto Vargas]

Have a property in TX (Dallas county), going through rehab, likely to be ready in 3 weeks. Hard Money total note is $187k, arv: $275k -$285k. Trying to keep it as long term rental, I'm getting 5/1 arm starting at 7.4, also 75% interest only 6.8%.. what would be the best deal to get out of the HM?

[Jacob St. Martin]

Honestly, long term investor loans and DSCR loan rates aren't really any better than that right now. Most hard money you get these days is 12% interest. I wouldn't really worry about it as long as there isn't a balloon. But it you really want new financing you should look into either a standard fannie/freddie investor loan or a DSCR loan depending on your situation