Refinancing a private mortgage

[John Cantu]

Hey everyone, 

I've been wanting to approach some private money lenders but I want to make sure I understand fully, how they'll be paid back. If I get a private money loan for the full amount of the purchase price of a property, will I have any problem refinancing with a back? I guess my question is, in the eyes of a bank, won't it look like already own the property? 

Thanks 

[John Thedford]

I would make very sure that I could refinance before I committed to a private loan or hard money loan