Cash Out Refinance Loans are perfect for borrowers who need cash very quickly and either cannot wait 30-60 days for conventional financing or do not qualify for conventional financing.
Our hard money cash out refinance loans are offered by private investors to borrowers based on the value of the borrowers’ real estate assets, rather than based on personal credit. Because these Loans, including Cash Out Refinance Loans, require far less documentation than conventional loans, borrowers can typically have their loan funded in less than a week. These Hard Money loans, including Cash Out Refinance Loans, are primarily based on the appraised value of and clear title to the property and the borrower’s exit strategy.
A Cash Out Refinance Loan is designed to be a temporary solution, not a long-term loan. For this reason, it is structured as a balloon with a term ranging from 6 months to 3 years. At that time, you would need to either sell the property, refinance the loan, or pay the loan off in full.
One important advantage of a Cash Out Refinance Loan is that it is granted more quickly than a conventional loan. In fact, we usually close and fund our Cash Out Refinance Loans within 3 to 7 business days, and we can close hard money loans in as little as 48 hours.
To help you determine if a Cash-Out Refinance Loan is right for you, please contact one of our licensed Loan Specialists by calling us directly at 844-574-LOAN (5626), by submitting the form on the right or by completing an application 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.
"I cannot say enough good things about this company! Anthony C. and his team were extraordinary during the entire purchase process. He would always respond to emails almost immediately - a level of customer service I have rarely seen! They worked with the escrow company and appraisal company and made the transaction move as quickly as humanly possible. If you're thinking about using them, I would highly recommend that you do!"