Better yet use a lender that gets you fully underwritten up front, so you don't run into any surprises.#2 Keep an eye on interest rates based on what the loan officers proposes. 

Quote from @Tracey Watler: Hello BP, I was looking for a lender in Puerto Rico, I’ve learned that even though Puerto Rico has almost all of the products and methods of the US not all US banks lend in PR. 

The other thing to do is find a lender to partner with.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Looking to network with lenders, agents, contractors.

Do you have a lender that will provide a cash out at 80% LTV?

If you go interest only and have a 5 year balloon the property would need to be worth more than 400k for you to refinance as a lender is going to want 25% equity. 

My Hard Money Lenders held the money in escrow and would not release the funds until the work was done, inspected, and they knew it was properly done. 

As a lender (aka “Maker”) to Norada, you are a valued member of the Norada family.The purpose of this correspondence is to provide you with an update on the repayment under the terms of the promissory note (“Note”) as an obligation of Norada Capital Management, LLC (“Norada”).As with all businesses, Norada is subject to market factors that could impact its ability to make payments.

I have researched the different kinds of loans for this but I would love to speak with any lenders or other investors in this area.