Financing Needed

I have a scenario. I have had this loan for about 2 months now.

One of my high producing investors purchased a house last January with hard money. This home is valued at $475-$500k and he owes approx $290k. A second client of mine put $70k into the project and the plan has been to complete a cash out refinance to permanent financing to get their cash back and keep it as an investment property. The property was originally purchased in an LLC. The title has been quit claimed and DOT's have been recorded all over the place which has broken the chain of title so we are no longer able to complete this transaction in the way we had planned. The original hard money loan has come to term and my lender is pushing me to get it off their books. My clients are very well qualified, boasting credit scores of over 800 as well as stable income and minimal debt.

I need a lender to buy the loan off of the present hard money company for a 2-3 month term at a reasonable point structure so that we will have a clear title to proceed with the refinance. However since my clients have put $70k into this project already they are not willing to come out of pocket anymore.

Anyone interested in rolling the points into a 60-90 day deal?

Thanks!

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