Hard Money Crisis!! Help!!

[Robin Gravlin]

Hello community and happy new year! I have a Hard Money loan that’s coming due with a balloon payment approaching mid March. I use the hard money for a Flyp I’m doing and unfortunately has come up with quite a few obstacles that have delayed the completion of the project. The last thing I want to do is refinance this Hard Money into the same company as the cost is going to be astronomical! Including another three points and 12% interest only. Any ideas how to refinance the balloon payment??

History…

Bloom payment is 370,000.
Due March 15

House close to being completed so should be on the market end of February. Bought for 375 and should be priced on the market at 1.1 to 1.3 million.

Ideas??