Cash Out Refinancing Options at A Glance:
- SFR, 2-4 Units, MFR
- Up to 80% Loan-To-Cost
- 6 – 12 Month Terms
- 1.5 – 3 Origination Points
- $50K – $20MM Loan Amount
- 8% – 13% Rates
About Cash Out Refinancing for a Fix-and-Flip Property
Fix-and-flip cash out refinancing is a loan program for the renovation of residential investment properties. These loans are typically short-term and offer quick closing on non-owner occupied properties in any condition. Anchor Loans can help you quickly get cash out refinancing for your fix-and-flip project with ease and reliability.
If your cash-out refinancing application has been turned down by a conventional bank due to property condition or credit challenges, we may be able to help. Anchor’s cash out refinancing loans are for non-owner occupied homes in any condition—and loan approval is more asset-based, so we can work with a borrower with credit challenges if the property’s after repair value and the borrower’s equity position are sufficient.
Please don’t hesitate to contact us with any questions about our cash out refinancing loan program.
Qualifications
The essentials for approval.
Experience
We review each new application for fix-and-flip refinancing on a case-by-case basis. Prior experience with investment property projects or considerable fix-and-flip experience is preferred for this loan. Contact a member of our team today to see if you can qualify for cash out refinancing.
Down Payment
Investors should come in with 20% or more of the total cost.
Your FICO
We’re not credit driven, but having good credit still has its perks. Contact your loan rep today for more details.
Cash Reserves
Investors should have proof of cash reserves for down payment, construction overages and monthly payments.
