Cash Out & Refinance Loans with Hard Money in California 2017-10-18T12:26:25+00:00

Cash Out & Refinance Loans
Hard Money Refinance Loans in California

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Cash Out Refinance Loans – Hard Money Refinance Loans

North Coast Financial are California hard money lenders providing cash out and hard money refinance loans to real estate investors and property owners. With over 35 years of hard money lending experience, North Coast Financial is the trusted and reliable hard money partner for hard money cash out refinance loans in California. Contact North Coast Financial now and get your cash out refinance loan funded fast.

Experienced cash out refinance lenders in California, North Coast Financial provide cash out and hard money refinance loans in Los Angeles, San Francisco Bay Area, Orange County, San Diego, Ventura, Riverside, San Bernardino, Sacramento and various other areas in the state of California.

North Coast Financial is able to provide a wide variety of hard money refinance loans, from a cash out refinance on investment property to a hard money refinance for an owner occupied property.

Why Choose North Coast Financial?

Hard Money Cash Out Refinance for Investment Property

Cash out refinance loans can be the perfect option for real estate investors looking to take equity from an existing property in order to reinvest the funds elsewhere. Hard money refinancing is the quick and easy way to raise funds and then acquire a new investment property when an opportunity arises.

Cash Out Refinance on Investment Property

A cash out refinance on investment property is a common way for real estate investors to pull equity from an existing property. Hard money refinance loans are available for various investment property types including residential rental property and commercial property.

Real estate investors refinance investment property and rental property for various reasons including pulling out equity to invest in a new opportunity, refinancing to a lower interest rate, or paying off an existing loan that will soon become due.

Refinance and Reinvest with a Hard Money Loans

North Coast Financial is able to provide real estate investors with a cash out refinance loan to pull out equity from an existing investment property to raise funds for a down payment and then also provide a hard money purchase loan to acquire the new investment property. North Coast Financial has the ability and resources to quickly fund multiple loan requests and enable the real estate investor to accomplish their investment goals.

A hard money refinance on investment property is a straightforward process that requires just a 1003 loan application for initial approval.

Hard Money Cash Out Refinance Loans on Residential Owner Occupied Property

Cash out refinance loans are available for residential owner occupied property in some situations, but these loans will be subject to government regulations and require that the borrower meets certain requirements due to Dodd-Frank. Visit our Owner Occupied Hard Money Loans page for more information on owner occupied and primary residence loans.

Cash Out Hard Money Refinance Timelines

A hard money cash out refinance loan on an investment property can be approved and funded in as few as 3-5 days if needed.

North Coast Financial is able to provide a cash out refinance on an owner occupied property but the funding process takes longer (approximately 3 weeks) due to current federal regulations that all lenders must follow.

Cash Out & Refinance Interest Rates

Hard money refinance interest rates are generally consistent with interest rates of other hard money loans, depending on the specifics of the loan scenario. Cash out refinance rates from hard money lenders are higher than rates from conventional lenders such as banks or credit unions since the perceived risk is higher.

Although, the interest rates are higher, the convenience, speed of approval and funding and increase in likelihood of loan approval are worth the added financing cost for many real estate investors.

Refinance Reverse Mortgage Loans for Heirs

North Coast Financial is able to provide funding to refinance reverse mortgages for heirs, in situations where an heir(s) wishes to keep the inherited property but doesn’t have the funds to pay off the reverse mortgage. Conventional lenders are not able to refinance reverse mortgages for an heir since the property is not in the heir’s name.

Contact North Coast Financial now and get your hard money cash out refinance loan funded quickly.

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North Coast Financial Cash Out Refinance Loan Program

  • Cash Out Refinance Loan Program

Loan Application Approval TimelineSame day approval available
Time to Fund LoanAs few as 3-5 days if needed
Property TypesSingle family, multi-family, commercial, industrial
Loan Amounts$30,000 – $2 Million+
Loan Terms6 to 36 months with longer terms available
Lien Position1sts & 2nds
Loan to Value (LTV)Up to 75% of current value of property
FeesNo appraisal fees (in most situations) and no hidden junk fees
Cash Out Refinance Interest Rates and PointsPlease contact us for information on current rates and points
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