Get More Investment Dollars with a Cash Out
This program is for borrowers looking to purchase or refinance a turnkey property as a short term bridge between a rehab loan and a bank loan, or if you have a property you just finished the rehab on and you have a balloon coming due and need to refinance into a short term loan before the property sells. This is perfect for investors that are unsure if they want to flip the property they just rehabbed or if they want to keep it as a rental.
Hassle Free Purchase Money Loans
Halo Capital can only accept investment properties (1-4 unit residential) and warrantable condos for this type of loan. Halo Capital will NOT lend on owner occupied homes. All properties must close in a Corp or LLC name.
Many of our borrowers use their own funds to purchase properties for cash and then use our purchase money and cash out refinances program to pull either some equity back out of the property to fund their next deal, this program is ideal for those that just rehabbed a property and either its rented or vacant, and they want to cash out to do their next deal.
Cash Out Refinance Loan Requirements
• Term Length: Up to 30 years
• Property Types: Single-family detached residences, 2-4 unit residences, condominiums, and townhomes
• Single Property: Yes
• Portfolio: Yes
• Minimum Loan Amount: $75,000
• Maximum Loan Amount: $2,500,000
• Maximum LTV: 80%
• Minimum Credit Score: 620
• Debt-to-Income for Borrower: None
• Minimum Number of Properties: 1