01
Start with the payoff
Collect the loan maturity date, current payoff estimate, and any extension, exit, or prepayment charges. A principal balance alone may understate the amount due.
From renovation to rental hold
A clearer plan for your hard-money exit.
Explore replacing short-term project financing with a DSCR rental loan. Start with the payoff, rental income, and property readiness—not just the estimated finished value.
Hard-Money Exit Planner
Will the refinance cover the payoff?
Model the loan supported by your assumed LTV and rental coverage, subtract payoff and closing costs, and compare the current payment with a rental refinance.
Explore the exit plannerFour questions to answer before maturity
02
Check the rental story
Gather renovation status, lease or market-rent information, taxes, insurance, and HOA costs. Compare expected cash flow with the debt the rental could support.
03
Resolve the lender questions
Review ownership seasoning, valuation basis, property eligibility, documentation, and reserves with an advisor before treating an exit as available.
04
Compare the funding gap
Model proceeds after payoff and costs, then check the new payment and cash flow. Keep a timing cushion and confirm the actual terms before proceeding.
Planning information only. Eligibility, transaction classification, terms, and closing timing require lender review.
Hard-money refinance questions
Does a completed renovation guarantee a DSCR refinance?+
No. Property condition is one part of the review. Rent, valuation, credit, title, ownership history, reserves, and the selected lender’s guidelines also matter. Review the exit before relying on it.
Will I need to bring cash to closing?+
Possibly. If available refinance proceeds do not cover the current payoff and closing costs, additional funds may be needed. The exit planner illustrates that gap using the assumptions you enter; it does not establish available financing.
Can I use the renovated value immediately?+
Do not assume so. The valuation basis and ownership or loan seasoning requirements need to be checked against the selected lender’s current guidelines. Bring the acquisition date, purchase price, and documented renovation costs to the review.
Is paying off hard money always rate-and-term?+
No. Transaction classification depends on the existing debt, use of proceeds, ownership history, and lender rules. An advisor should confirm whether the transaction is treated as rate-and-term or cash-out.
What if my loan matures before the refinance closes?+
Discuss payoff timing and any available extension directly with the current lender. A target refinance date is not a closing commitment or an extension of the existing loan.
Plan the exit around the actual property.
Bring your payoff, rent, and timeline to an advisor.