My fallout rate is unbelievably low because of this.

Hard money lenders are often a go-to for first-time flippers—they’re asset-based and move fast, though rates can be higher.

But if you don't have contingency funds.

Paid back as those properties in the fund sell and above initial LP payback.  

Of course, this assumes another investment is available, along with a few other considerations.For example, if your ROE is low but reasonable, it would make no sense to refinance and put the funds in a savings account at 1%, even if interest rates have dropped by the rates noted above.

@Chris Seveney runs a mortgage note fund and has likely come across this.

Looking to get the funds to put towards other properties.

Great for rates.

Own a single-family property in Denver, CO area outright (cash purchase previously) in an single-member LLC and needing to setup a HELOC to access equity in the property intermittently to fund other real estate investments on a short-term basis.

Thee richest of the richest globally will put 100% of their funds towards USA assets.