Cash Out Refinance Loans

Leverage the equity you already hold in investment properties to pull out cash and reinvest in new opportunities – perfect if you own rental properties or currently own an ongoing fix and flip project.

Cash Out Refinance Loans

Leverage the equity you already hold in investment properties to pull out cash and reinvest in new opportunities – perfect if you own rental properties or currently own an ongoing fix and flip project

Market Responses To COVID-19 Have Required Us To Make Changes To Our Loan Offerings. The Info Below Has Been Updated To Reflect Our Most Up To Date Lending Metrics.

Market Responses To COVID-19 Have Required Us To Make Changes To Our Loan Offerings. The Info Below Has Been Updated To Reflect Our Most Up To Date Lending Metrics.

Cash Out Refinance Loans Designed Around You:

  • 8% – 12% Int. Rates
  • Financing up to 65% of the As-Is Value
  • Close in days, not weeks
  • Financing up to $5 million
  • Free, no-obligation loan underwritings

Get Your Free, No Obligation Loan Quote Today!

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Our Rates and Terms:

Interest Rates

8% – 12%

Max Loan Amount

Up to 65% of the As-Is Value

Loan Terms

12-Month Term: No Prepayment Penalties

30-Year Term: No Penalties After 3 Years

Why Choose Washington Capital Partners:

Looking to pull cash out or your existing investment properties? We can structure a Cash Out Refinance Loan that uses your real estate assets you give you access to cash to use for additional investments. Being flexible and creating solutions around your unique set of circumstances is key, and that’s why our approach is to be your strategic partner – not just a cookie-cutter lender.

When you partner with us you’ll get low rates on Cash Out Refinance Loans for up to 65% of the As-Is Value of the property being refinanced. You can use that cash for purchasing additional investment properties or expanding your real estate business. These loans can be used to avoid future down payments on new projects, saving you thousands out of pocket and allowing you to grow your business using assets you have already secured.

But the value doesn’t end at saving money – your dedicated lending expert will help you analyze possible deals and is available to answer any questions you have from loan underwriting to closing. From that point our in-house loan servicing and construction draw management teams will walk you through monthly payments and make sure your draws are sent on time. From the moment you reach out until loan payoff, we’re here to show superior service and earn your repeat business.

So, if you’re looking for a hard money lender that delivers on savings, service, and speed – let’s connect for a free, no-commitment phone consultation to get started. Even if you don’t have a deal that you’re looking at, our lending experts can even help you source your next deal. Just fill out the quick form below so we can get to work for you!

Get Your Free, No Obligation Loan Quote Today!

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Answers to Your Questions About Cash-Out Refinance Loans

What is a Cash Out Refinance Loan?

This is a popular option that investors and developers use to pull equity out of their existing property and reinvest that money into a new opportunity. It’s a great way to receive funding without requiring large liquid assets in the bank. The key difference between this and a standard Refinancing Loan is that it allows you to pull out equity to use as cash versus simply seeking better rates to finance a property.

What qualifies a property to have considerable equity?

When a property is said to have considerable equity, it means that the real estate investor has made payments on their mortgage and owns 35% or more of the property’s total value.

Why use this type of loan?

Investors and developers utilize these options so that their hard work from an existing fix and flip project or rental property can be used to grow their business. It makes a simple and fast solution when you may not have time to generate a partnership with liquid assets or when you do not have cash on hand.

Ways to Use a Cash-Out Refinance:

The most common ways investors and developers use these are for:

  • Purchasing fix and flip projects
  • Purchasing rental properties
  • Funds to support a real estate investing business
  • Paying for renovations on a distressed property you own

What are the requirements?

To be eligible for a cash-out loan, you need to have 3 things:

  1. Considerable equity in a property
  2. A clear exit strategy (how you plan on paying back the loan)
  3. Letter of Explanation (a formal letter including what you intend to use the funds for)

How is the amount determined?

We can give you up to 65% of the As-Is value of the property you hold equity in.

Is there a credit minimum?

Yes, typically the minimum credit score required is 680. If your credit score is lower than that, you’ll likely have to explain your financial situation, but try to remember that low credit isn’t always a deal-breaker – often adjustments can be made to the down payment or interest rate to account for the higher risk associated with lower credit scores.