Private Money Lender for Cash-Out Refinance Loans
For real estate investors, additional cash can open up immediate investment opportunities. Regardless of the size of your mortgage, you could be eligible for a cash-out refinance loan. Discover how these dynamic loans work, how you can take advantage of this option and how to apply for a refinance loan today.
What Is a Cash-Out Refinance Hard Money Loan?
When you apply for a refinance loan with Capital Fund 1, you’ll have the opportunity to receive additional hard money. This money could be spent on remodeling projects, another real estate investment, or anything else you need. Getting approved for a cash-out refinance loan typically requires that your house has more equity than your current mortgage. It can be a great way to fix and flip a real estate investment.
This refinancing option typically offers competitive interest rates. Compared to home equity loans or home equity lines of credit, a refinance loan can provide a lower interest rate and a faster approval process. You can receive refinancing for a variety of commercial real estate investments, and the process is simple when you refinance with a private money lender.
Different Types of Cash-Out Refinance Hard Money Loans
Capital Fund 1 offers a wide range of ways to receive a refinance hard money loan. This financial assistance is very flexible because it is a hard money loan from a private money lender. Discover which hard money loan could be right for your real estate investment:
- Fix and Flip Refinance Loans
- Buy and Hold Refinance Loans
- Commercial Bridge Refinance Loans
- Construction and Land Refinance Loans
- Major Remodel and Addition Refinance Loans
- Land and Lot Refinance Loans
One great advantage of a cash-out refinance option is you don’t need to spend the additional cash on your home or commercial real estate investment. These highly flexible loans are designed to give you the capital you need to handle a variety of expenses, new opportunities, or other situations.
How Do Cash-Out Refinance Loans Work?
To receive your refinance loan from Capital Fund 1, you need a non-owner occupied investment property. Regardless of whether you have an existing loan or own the property free and clear, you’ll apply for a hard money loan based on the price of the property. You’ll receive a hard money loan as soon as possible or as little as seven business days.
Unlike credit-based loans from traditional banks, Capital Fund 1 is a private money lender. This allows us to lend money faster, create more innovative deal structures, and approve loans without a credit check. Our loans are asset-based, and we have professional underwriting in-house. These features help us deliver loans exactly when you need them. Don’t pass up the perfect investment opportunity from a lack of hard funds.
Capital Fund I Hard Money Loan Requirements
Although our process is easier and faster than a traditional bank, you should know about these steps to take when getting a cash-out loan:
- Apply for refinancing
- We underwrite the loan in-house and provide you a loan quote in 24 to 36 hours
- If approved, you will receive cash funding in as little as 24 to 48 hours
The maximum Loan To Value (LTV) depends on the original purchasing price of your real estate investment. Fix and flip loans can receive up to 80 percent LTV, while construction loans can receive up to 65 percent LTV. Capital Fund 1 can fund up to $8,000,000 in short-term loans, with terms typically between six and 24 months.
Where to Find a Cash-Out Refinance Hard Money Loan
Arizona borrowers can take advantage of great refinance options from Capital Fund 1. Whether your property is in the Greater Metro Phoenix area, Tucson, Flagstaff or other Arizona cities, contact Capital Fund 1 today and apply for a competitive refinance loan for your real estate investment property.
Please keep in mind the following factors about Capital Fund as a company:
- We are an asset based lender
- We don’t check credit
- We don’t ask for personal tax returns
- We can fund start to finish in 24 hours
- No prepayment penalties
Capital Fund has an extensive knowledge about real estate investing and needs to be used as a resource that you or your clients use.