Updated almost 5 years ago on . Most recent reply
Refinancing a hard money loan
I am looking at purchasing a property with a house on it with a hard money loan. The house is damaged and I will be demolishing it and rebuilding on it with a duplex or prefab. If it can meet my requisites for renting it out I would need to refinance. Is it difficult to refinance like this and how do I go about getting a conventional loan since I am not actually buying the property again?