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Updated about 3 years ago on . Most recent reply

Abe Macias's profile image
Abe Macias's profile image
Abe Macias
  • from San Antonio, Texas
  • Member since Jun 27, 2017
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Abe Macias's profile image
Abe Macias's profile image
Abe Macias
  • from San Antonio, Texas
  • Member since Jun 27, 2017
Connect
Abe Macias
  • San Antonio, TX
1
Votes |
26
Posts
Private Lending & Conventional Mortgage Advice

Refinancing from Hard Money loan

Abe Macias
  • San Antonio, TX
Posted

Currently have a hard money loan for a property I did some rehab to, and now have it rented out.

Main house and Small Apartment rented out for $2200. My hard money loan is at $138K and appraised at $184K with repairs made. I wanted to refinance with a local bank, but they wanted us to bring about $13k to closing. Any ideas on how I can work this specific scenario without having to pay so much at closing?

Thanks for any feedback!

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