Considering a refi sticks you back into the hole of compound interest, it's probably not going to be worth it because you'll be paying for that debt multiple times.

Cash flow from the deal pays back your policy loan (same as saving up for another deal) and you end up with more cash in the end than you would have had otherwise, plus you never interrupted the compounded return of the cash value even though you were using it to make deals.That's the one paragraph version of the infinite banking concept. 

Our job growth is stellar, the scarcity issue will compound-  read the growth management act and the buildable lands report and you’ll be blown away by how few single family homes are coming online.  

Using the compounding formula, that translates into an annual return of 1.89%!

Be aware that the compound question on top of this is that more likely this non-selling and non-performing asset is probably located on someone else's land (a park) and that your clock (lot rent payment) is ticking as you decide how to liquidate your home.

That led me to meeting some guys in Sweden that led to the printing business we own today and the properties I have been able to purchase etc etc, it all compounds if you are truly focused on making it happen.  

Just like compounding stocks we thing this could help us build a sizable portfolio and ultimately produce enough cash flow to where we could purchase multiple properties a year with the cash flow.

Their problems are often compounded by lifestyle issues and sequential bad choices.

I tend to agree with Mike's suggestion to start smaller - there will always be enough deals to go around, but you may not want to start with a larger project as any negative situations that may arise would be compounded due to the size of the property and number of units.All that being said, for your first deal, requesting $1MM+ with no prior history of management experience is going to be difficult.

Compounding that risk with hard money lending can very quickly lead to losses, and it sounds like you have enough going on that you cannot sustain a loss.