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Updated almost 6 years ago on .

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3
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Chris Gleason
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3
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Bridge funding ideas for owner-occupied residential SFR

Chris Gleason
Posted

I have a SFR house that I secured 3 months ago wirh a 12mo hard money loan. I had planned to refinance it into a conventional loan so that I can move in and use it as my primary residence. I have another property under contract which I hope will close in 45 days, and I could use the proceeds to pay off the HML... However we all no that nothing is guaranteed- any ideas on how I could pay off the HML asap? I can't refinance/collateralized property #2 as it is currently under contract. Any ideas?