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Updated about 5 years ago on . Most recent reply
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!
Most Popular Reply

Tough to answer this question without any details. How much do you owe for the property? How much does it appraise for? What is your credit score? How much can you put down? I would recommend you ask this question of one of your local banks. They will be able to answer better than us random people.