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Updated over 6 years ago on . Most recent reply
![Yolanda Martinez's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1170692/1621509840-avatar-yolandam17.jpg?twic=v1/output=image/crop=2208x2208@0x413/cover=128x128&v=2)
Private Money/ Hard Money Loans
After I have purchased a loan with either a private loan or hard money loan. How soon can I refinance the home?
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![David Wright's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/163738/1621420524-avatar-wrightway.jpg?twic=v1/output=image/crop=170x170@0x4/cover=128x128&v=2)
Yolanda, I am a commercial lender like many of the others here that have given you very good information and advice. The one thing I would add (which doesn't really help me) is to check with your local banks and credit unions in your community. You be surprised what they have to offer.
Yes, it is sure that banks and credit unions do not really focus on investment property lending, but some will do it and to be honest with you their rates and terms are going to better than any hard money lender you can find most likely.
I wish you the best.