Basically they are a type of insurance and insurance companies make HUGE profits because they pay out MUCH LESS than they take in meaning that over the long term you will lose money with them.

Moreover, our loan covenants also have restrictions.

Great terms - watch out for stuff too good to be true

I even just did a loan for an attorney that was using a weak agent.

I believe the term is called "subrugation "  Where you cut a deal with a builder , he builds the house , when it sells you get paid for the lot .Dont sell at any discount 

I am getting a hard money loan for the property under my LLC, but if I keep it I would like to refinance out of the HML into a 30 yr conventional load under my name.Can anyone give me a quick rundown how that would work?

Is there a specific reason why you are wanting to obtain this information 6 months prior to the expiration of the current lease term?

Sometimes, having a reliable tenant stick around long-term is more valuable than pushing for an extra $100 a month.

It's usually used for short term purposes.

And please don't comment that rates, terms, loan structure are variable.