A hard money refinance typically involves moving from short-term acquisition or renovation financing to a structure intended for the property's next phase.
Read the existing note
Confirm maturity, payoff procedures, minimum interest, extension options, and prepayment provisions before planning the exit.
Assess property readiness
Renovation status, permits, safety, appraisal condition, rent readiness, and lease status can shape which longer-term options are worth reviewing.
Match the next structure
Rate-and-term, cash-out, DSCR, no-ratio, and other investor paths solve different problems and may require different documentation.
Build timing with room for review
Do not rely on an assumed closing date. Appraisal, title, payoff, property, and documentation items can affect the process.