Biggest Challenges for Private/ Hard Money Lenders in 2023

2 Replies

Jump to latestLatest
  • Branford, CT · Member since 2016 · 44 posts · 9 votes
    3y

    Anyone know about refinancing out of a HML when the property was used as a airbnb or group home, so no long term leases?

  • Robin SimonBusiness Member
    Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
    3y

    Biggest challenge in my view is going to be managing the valuation side of the equation, lots of range of opinion on the property values, from flat to catastrophically down and a lot of secondary market buyers are skittish on valuations, especially on cash-out refinances

Join the conversationCreate a free account to reply, vote on answers and follow this thread.