Contact Us

Westpark Loans
6789 Quail Hill Pkwy #146
Irvine, CA 92603
p: 844-574-LOAN (5626)
e: info@westparkequity.com

 

Cash-Out Refinance Loans

For California Homes Only

 

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.

 

Who Would Benefit from a Cash-Out Refinance Loan?

  1. A real estate investor who needs quick access to cash to pay for a new investment property.
  2. A real estate investor who already has 8 properties financed by Fannie/Freddie and wants to finance additional properties with Fannie/Freddie.
  3. A small business owner who needs to take cash out of a property for business purposes.

 

How It Works

These 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 Private Money 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.  Private 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 7 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 often in as little as 48 hours.

Program Highlights

  • No minimum credit score
  • Loan amounts ranging from $200,000 to $20 million
  • Loan-to-value (LTV) ratios up to 70%
  • Loan terms from 3 to 7 years
  • We originate 1st, 2nd & 3rd trust deeds
  • Loan closings within 3 to 7 business days

 

Getting Started

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 below or by completing an application directly on our website.

 

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Testimonial

"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!"


Darren M.
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