Is it easy to Refinance out of a private lender loan?

[David S.]

Hi.

I am set to borrow 130k to buy and rehab a property at an 11 percent interest rate (I only have to pay the monthly interest and closing fees) from a private lender. I expect the home to appraise at 170k-200k in 6 months when it's fixed and rented out to nice grad students.


Will I potentially be stuck with this loan or will conventional banks be lining up because of the high AVR/loan ratio and rental income? My credits great and I have some reserve cash and 40K in rental income but I'm not working now. Thanks!