I have great credit scores and got a 59% finance HML to purchase and rehab a property. its now done and a cash flowing rental. Where do I go to refinance the property and pay off the HML.
I would go to my mortgage broker. This broker should be one that deals with investment property. You can find them through you local real estate investment club.
This is for everybody else. You always get the exit strategy before you take out the hard money. You have the permanent financing lined up BEFORE you take out the HML. The only surprise you should have is if conditions or your credit situation changes.
The exit can be to sell the house if you are not credit worthy or to refinance if you want the cashflow.