Refinance Loan
A Refinance gives the ability to create a new loan on an existing property that has amassed equity, while rewarding the investor with a lump sum of cash.
Refinance Loan
- Extra cash needed? Untapped equity in an investment property?
- Opting for a commercial refinance loan allows property owners to secure a lower interest rate, potentially reducing monthly payment obligations and improving overall cash flow.
- This type of loan can also provide an opportunity to renegotiate loan terms, extending the repayment period or altering conditions to better suit the borrower’s current financial situation and long-term investment strategy.
- Additionally, a commercial refinance loan can be used to consolidate existing debts, streamline finances by replacing multiple loans with a single, more manageable loan, and free up capital for further investment or operational needs.
REFINANCE
Refinance Program Details
Interest Rate:
Rates Starting at 6%
Credit Score (FICO):
Minimum Credit Score of 680
DSCR (Debt Service Coverage Ratio):
Minimum of 1.25
Requirements:
Minimum of 9 months leased
Max Loan-To-Value:
Up to 80% LTV
Property Type:
Land, Multi family, Retail, Industrial, Self Storage, Office* (*under certain circumstances)
Frequently Asked Questions
What are the benefits of refinancing my loan?
Potential for lower interest rates, reduced monthly payments, changes in loan terms, or the opportunity to tap into equity for cash out are all good reasons why you would consider this program.
2. What can I do with my proceeds?
What can’t you do? Once the loan is complete, the money is yours to spend however you like. Many investors see the opportunity to refinance of a property as a major win, and choose to acquire more rental units, focus on their next flip or new construction project, or other avenues which come with cash-out!
3. How long are these loans for?
As in our rental program, we have a variety on terms that will fit any investors needs. These range so contact us for more info.