Garden Grove Hard Money Cash Out Refinance

Garden Grove Hard Money Cash Out Refinance

Real estate investors in Garden Grove used a 24-month hard money cash out refinance loan from Peer-To-Peer Trust Deeds of Walnut Creek, California to pay off existing bridge loan coming due and get some extra cash for a few projects on the exterior.

For the trust deed investor, the low Loan-To-Value (LTV) loan on this investment property was pretty straight forward.  The borrowers would probably be able to refinance out of it into a conventional loan after filing another year’s worth of income taxes. (Conventional lenders require two years of self-employment before they’ll issue a new loan.)  In all likelihood, this loan would be on the books for about 10 months before being paid off in the conventional refinance.

Hard Money Cash Out Refinance Terms: 

  • $175,000      Loan Amount
  • 9.50%          Interest-Only
  • 24-Month Term
  • 6-Month Prepayment Period

For Hard Money Cash Out Refinance Loan scenarios in California, Oregon, or Washington, please contact Brett Everett or Ted Spradlin.

Do you have a similar financing scenario?
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