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Updated about 6 years ago on . Most recent reply

User Stats

73
Posts
13
Votes
Akash Y.
  • Vancouver , Bc
13
Votes |
73
Posts

Finding long term lending solution from hard money loan

Akash Y.
  • Vancouver , Bc
Posted

Hi everyone 

I recently got into a few condos with 30% down, 1 year term and at a high interest rate. 

What are my options to find a longer term loan to get out of this short term loan. 

The same lender told me he would get me transferred into a new loan program, but Im having a hard time with that. 

If anyone can assist me please reach out. 

I have a total of 6 loans that are 2-4 months old. I'd like to get out of them asap, with a better interest rate and not principle only payments as in currently doing. 

Properties are in the USA and I'm a Canadian citizen. 

Thanks. 

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