Cash Out (Hard Money) Loans, which are also called private money loans, are offered by private investors to borrowers based on the value of a real estate asset, as opposed to personal credit. Because cash out (hard money) loans require far less documentation than conventional loans, borrowers can typically have their loan funded in less than a week. Cash out (hard money) loans are primarily based on the appraised value of and clear title to the property, and the borrower’s exit strategy.
There are three reasons people get cash out (hard money) loans, and you can find links to our specific product pages for each of these types of loans below:
Smart investors are getting their cash ready to invest in distressed properties as the opportunities arise. Be prepared for these opportunities by taking equity out of your investment properties now while values are still high.
By getting a Cash Out Hard Money Loan from Westpark Loans, you can be prepared for the market turn. Our hard money loans are offered by private investors based on the value of your real estate asset, as opposed to personal credit. Our hard money loans require far less documentation than conventional loans, so you can typically close in less than a week. Our hard money loans are based on three things:
A cash out hard money loan is designed to be a temporary solution, and not a long-term loan. For this reason, it is structured as a balloon with a term ranging from twelve months to seven years, depending on your specific needs.
Different Types of Cash Out (Hard Money) Loans
For more information, please contact one of our licensed Loan Officers by calling us directly at 844-574-LOAN (5626) or by filling out an application (https://westparkloans.com/apply/) directly on our website.
To determine the right loan program with you, schedule some time with a loan officer to discuss your options. Call us at 844-574-5626 now or schedule a time to meet with a loan officer.
"Anthony Carroll will take EXCELLENT care of you! I am a full-time Realtor in Big Bear, CA with the Rahill Real Estate Group, I have represented a lot of buyers and have worked with many lenders. And I can say with confidence that Anthony is a rare find. He picked up his phone EVERY time I needed to reach him, was quick to answer questions and he kept all parties in the loop through out the entire transaction. When I followed up with our mutual client (the Buyer) after the sale, and asked her how she felt the process went, she was sure to mention how pleased she was with Anthony's service. Thank you, Anthony, for taking great care of my client! Looking forward to working with you again (I have already referred you to another one of my clients). Keep up the good work!"