Private Money Cash-out

PRIVATE MONEY COMMERCIAL REFINANCE

At the Money Source of America we specialize in private money Commercial Refinancing we have the ability  along with our investment partners to secure you the refinance that fits your goal or strategy.  We deal directly with the decision makers who can their decisions based of the criteria of the deal and not a matrix.  Whether you need cash out quickly,refinance out of a fix and flip or other hard money loan, have a balloon coming up on your current mortgage or have credit issues we have your refinance solutions. We are asset based use common sense underwriting and lend where Banks will not or cannot.

Private Money Cash-Outs – Be Your Own Bank!

PRIVATE MONEY LOAN PARAMETERS

  • Property Types: Commercial and Residential Investment Properties Only
  • Minimum Credit Score: None
  • Maximum LTV 80%
  • 1-4 year Terms
  • Minimum Loan Amount 50,000 Residential Investment  100,000 Commercial
  • Maximum None only  limited by LTV of the underlining  collateral,credit and experience of the client
  • Rates start at 7.99%
  • interest only
  • 30 year fixed available
  • No prepays
  • No Seasoning
  • Property can be listed
  • Quick closings 10 days or less.
  • No Appraisal Options
  • Title can be held in Individual, Legal Entity or Trust name

Rates/Terms

  • Property Types: Commercial and Residential Investment Properties
  • Minimum credit score None
  • Maximum LTV 80%
  • Minimum Loan Amount  50,000 residential investment and 100,000 Commercial
  • No prepays
  • Rates start at 7.99%
  • interest only
  • 30 year fixed available
  • Quick closings
  • Title can be held individually,Legal entity, Trust

States where Private Money Cash-Out is Available: Nationwide to include Florida, Georgia, South Carolina, North Carolina, Alabama, New York, New Jersey, Pennsylvania, Nevada, California, Washington, Arizona, Oregon, Missouri, Colorado, Illinois, Hawaii, Texas, Michigan, Ohio and in between.

Every private money purchase deal is different based on many factors. if you have a refinance deal you would like us to take a look at CLICK GET APPROVED fill out the loan proposal summary Today! be as complete as possible or all information can be a determining factor. Once submitted your deal will be viewed by multiple decision makers on our Loan Committee if the deal is approved you will be issued a term sheet with the best terms available for your deal.

 

Toms Cherry Palm Pic 3Miami Apartment Complex the Marta

Two of recent recent private money refinance loans. the first a 2 million dollar Boca Raton, Florida cash-out refinance closed in 10 days. The second was a quick rate term refinance of this Apartment Complex in Tampa, FL for investor who had a balloon coming up

GET APPROVED FOR PRIVATE MONEY CASH-OUT

The Money Source Of America Difference

We have the unique access to hedge funds and private investment firms whose sole purpose is for the securitization and bundling of mortgages (bonds) for sell in the Capital Markets on Wall Street. Therefore bypassing the middle man (banks and traditional lenders). Banks and traditional lenders generally have to sell their loans to these same hedge funds and investment firms. That is why they only take the most attractive loans. We can do loans the traditional banks and lenders cannot or will not do.Although our home office is located in Jacksonville, FL. we have the ability to secure funds for your refinance from Los Angeles to New York City and in between. Thus The Money Source of America Difference.

Check out the Money Source of America difference Today!  877-243-3432
www.moneysourceamerica.com

 

Refinancing may be undertaken to reduce interest costs (by refinancing at a lower rate), to extend the repayment time, to pay off other debts, to reduce one’s periodic payment obligations (sometimes by taking a longer-term loan), to reduce or alter risk (such as by refinancing from a variable-rate to a fixed-rate loan), and/or to raise cash for investment, consumption, or the payment of a dividend.

Upside down in your mortgage?

Upside down in your Mortgage is where you owe more than the property than it is worth. Call or e-mail us Today about out our New short refinance program!

Have an a Balloon Payment that is coming up due and payable in full?

Another reason for refinancing is that in the terms of your loan you pay a payment for a fixed amount of time then the balloon payment or the amount of principle and interest are due and payable in full.Thus you must refinance, pay in cash or sell the property to avoid foreclosure.

We see this with many Commercial Mortgages and Jumbo Loans. Contact us we can help.

In essence, refinancing can alter the monthly payments owed on the loan either by changing the loan’s interest rate, or by altering the term to maturity of the loan. More favorable lending conditions may reduce overall borrowing costs. Refinancing is used in most cases to improve overall cash flow. Therefore making your bills/payments lower than before.

Another use of refinancing is to reduce the risk associated with an existing loan

Interest rates on adjustable-rate loans and mortgages shift up and down based on the movements of the various indices used to calculate them. By refinancing an adjustable-rate mortgage into a fixed-rate one, the risk of interest rates increasing dramatically is removed, thus ensuring a steady interest rate over time. This flexibility comes at a price as lenders typically charge a risk premium for fixed rate loans.

Whatever your need for need for refinancing. We got the Money Solutions!
Contact us Today! 877-243-3432

www.moneysourceamerica.com