Description:
Cash-out refinancing replaces a current real estate loan with a new mortgage that’s higher than the existing outstanding loan balance. It allows one to take advantage of the equity built up in a property by withdrawing the difference between the two mortgages in cash.
Experience Level
Any
Terms
Varies
(12 months or possible term rental loan)
Credit Score
540 (min. FICO)
Interest Rate
8% to 12%
Points
1 to 3
Close Time
2 to 4 weeks
LTV
80%
LTC
(Rehab or New Construction)
Bridge: 75% to 90%
General: 85%
Loan Amount
Single Family: $50k to $7.5MM
Multifamily: $250K to $20MM
Geography
National availability
except ID, SD, ND, VT, MN, or rural areas
SIMPLE PROCESS - FAST CLOSING
TRUSTED SERVICE - GREAT TERMS
QUICK APPLY HERE!
CONTACT A LOAN SPECIALIST TODAY!
GISELLE CINTRON
Head of Originations
e. giselle@parkrockcapital.com
o. +1.201.785.6229 x-230
EDWARD SHAMLIAN
Relationship and Sales Manager
e. edward@parkrockcapital.com
o. +1.201.785.6229 x-222
Park Rock Capital is an asset-based direct lender.
We are able to assist you on your next real estate investment — quickly and competitively.
Our highly experienced team works with real estate investors throughout the U.S and lends across major U.S. metro markets.