Bridge, Rental and Build
Refinancing Out of a Hard Money Loan
Short-term capital is a timing tool. This guide covers one of the timings.
Bridge, Rental and Build
The short version, then the substance.
Key Takeaways
- Start earlier than feels necessary
- What the takeout lender wants
- If the timeline slips
Start earlier than feels necessary. Open the refinance conversation around month six of a 12 month note. Appraisals, underwriting, and conditions take longer than anyone promises, and starting early converts the maturity date from a threat into a formality.
What the takeout lender wants. Seasoning on the title, a stabilized asset, and documentation of the work. Keep receipts, permits, before-and-after photos, and lease records organized from day one. The file you build during the project is the refinance application.
If the timeline slips. Talk to your hard money lender before maturity, not after. Extensions exist for borrowers who communicate and projects that are genuinely close. Surprises are the only thing that prices badly.
The South Texas angle. Averlend underwrites this every week in San Antonio and across Bexar County. If you are working a deal in Alamo Heights or anywhere else in the metro, the theory above comes with a local desk attached: see our San Antonio lending page or send the deal directly.
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