(refinance) hard money lender vs conviental for investment 30 year fixed

[Phil Shelton]

do you guys think that the rates that hard money lenders that provide rental loans are so close to what conviental banks offer that HML are easier to refinance with?

[Robin Simon]

Quote from @Phil Shelton:

do you guys think that the rates that hard money lenders that provide rental loans are so close to what conviental banks offer that HML are easier to refinance with?

Hard Money lenders that also do refinance loans (these would almost always be "DSCR" loans) are definitely "easier" to refinance with. Its generally a trade off - where conventional is going to be about 1% less in rate, while the DSCR refinance would be about 1% higher in rate and maybe an extra point or two but MUCH MUCH easier in terms of qualification, underwriting and process