Updated over 6 years ago on . Most recent reply
Refi out of Hard Money Loan
I'm rehabbing a property that I bought in Mesquite using Hard Money. The property will finish rehab Apr 17. Now, I want to refinance out of that property using a lender/bank. I'm working with a bank who will refi it but the rates are too high 5.5%. What's a good interest rate I can get for such properties?
Who have you folks used as lenders for such refis? Many thanks in advance.
Most Popular Reply
Some credit unions do, some don't. You just have to ask. Many won't fund repair costs, and need at least six month seasoning. 75% LTV and no LLCs. Start dialing for dollars.