Purchase Money and Cash Out Refinances

Purchase Money and Cash Out Refinances for your Investment Properties

Call us today 516-526-8445

This program is for borrowers looking to purchase or refinance a turnkey property as a short term bridge between a rehab loan and a bank loan, or if you have a property you just finished the rehab on and you have a balloon coming due and need to refinance into a short term loan before the property sells. This is perfect for investors that are unsure if they want to flip the property they just rehabbed or if they want to keep it as a rental.                                                Purchase-Money-Cash-Out-Hard-Money

  • Term Length: 2 years with 1 year extension option
    Property Types: Single-family detached residences, 2-4 unit residences, condominiums, and townhomes
    Single Property: Yes
    Portfolio: Yes
    Minimum Loan Amount: $50,000
    Maximum Loan Amount: $2,500,000
    Maximum LTV: 75%
    Minimum Credit Score: 660
    Debt-to-Income for Borrower: None
    Minimum Number of Properties: 1

Property types eligible for our hard money purchase money and cash out loans

  • investment properties(1-4 unit residential only), warrantable condos OK
  • We will NOT lend on owner occupied homes
  • All properties must close in a Corp or LLC name
  • Many of our borrowers use their own funds to purchase properties for cash and then use our purchase money and cash out refinances program to pull either some equity back out of the property to fund their next deal, this program is ideal for those that just rehabbed a property and either its rented or vacant, and they want to cash out to do their next deal.   Both our Hard Money purchase money and cash out refinances as well as our Soft Money purchase money and cash out refinances can close in a short amount of time.

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