How Cash-Out Refinancing Works
To receive your refinance loan from Capital Fund 1 in Nashville, you need a non-owner-occupied investment property. Regardless of whether you have an existing loan or own the property free and clear, you will 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 Nashville investment opportunity from a lack of hard funds.
Capital Fund 1 Nashville 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 refinancing in Nashville:
- 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.