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Updated almost 5 years ago,
Refinance? a hard money loan to a regular mortgage for flip prop?
I purchased a property for flipping using my real estate LLC. The hard money loan I used covers the acquisition and renovation of the property. Its a interest only loan and is valid for 12 months. The property hasn't been sold and its approaching the maturity date of 12 months. What kind of mortgage loan (if any) can I qualify for to pay the hard money lender before its maturity of date is up? Thanks for your advice in advance!