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Updated over 4 years ago on . Most recent reply

Chris Severin's profile image
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Chris Severin
  • Homeowner
  • from New Orleans, Louisiana
  • Member since Jan 31, 2015
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Chris Severin's profile image
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Chris Severin
  • Homeowner
  • from New Orleans, Louisiana
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Chris Severin
  • Homeowner
  • New Orleans, LA
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Private Lending & Conventional Mortgage Advice

Refinance a hard money loan

Chris Severin
  • Homeowner
  • New Orleans, LA
Posted

Just wondering, is it possible to refinance a hard money loan? If so, what institutions would do so. I have read that hard money is not a long term finance strategy, so what is the next step once time runs out?

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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

Pretty sure @Chris Severin is talking about a 100% loan on the hard money.  That is possible if you have the right lender and the right deal.  Then, if you add enough value and wait out the seasoning requirements, you might be able to refinance into a long term loan with little or none of your own cash.   You really have to have the right lender and the right deal, but this is at least theoretically possible.

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