Anyone have any recommendations for any mortgage lenders that will refi you out of hard money? We are looking to convert a property to a buy and hold. Property is held in land trust with LLC as beneficiary, and is in Jacksonville Florida. Thank you!
@Gabrielle T. You can refinance as rate and term any time. But if you want to go with conventional loan you have to refinance on personal name.
Thanks Harjeet and Jack, appreciate your response
@Gabrielle T. - I'd recommend you call my friend Doug Goins:
National Sales Director
Direct Money Lenders Inc.
9465 Counselors Way #200
Indianapolis, In 46240
They have great programs for properties already in an LLC, so you can get a new loan on the property. I'm using him for one of my properties now and he's a great resource for future deals too.
Thank you very much, @Jack Bobeck , I will definitely do that.