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Updated almost 11 years ago on . Most recent reply

User Stats

28
Posts
18
Votes
Jeff Stephens
  • Property Manager
  • Portland, OR
18
Votes |
28
Posts

Refinance Out of a Hard Money Loan

Jeff Stephens
  • Property Manager
  • Portland, OR
Posted

I am looking for ways to refinance out of a hard money loan, without using Fannie/Freddie conventional financing. I am going to be purchasing a property and using hard money for the acquisition, but I think I'd like to keep the property for the long term as a rental.  I don't want to/can't use conventional Fannie/Freddie loans--do you have any recommendations on options to refinance with?

Thank you!!
Jeff

Most Popular Reply

User Stats

5,028
Posts
2,573
Votes
Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
2,573
Votes |
5,028
Posts
Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
Replied

Figure out how you will pay back the HML before you purchase.

Why cant you refi the traditional way?  Your only chance then will be to find a local bank that makes their own rules.

  • Curt Davis
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Curt Davis - KAIZEN Realty
5.0 stars
38 Reviews

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