Cash Out Refinance Loan

First Bridge Lending offers cash out refinance options to help you achieve your goals. A cash out refinance is similar to a refinance loan, except during the refinancing process, the borrower also takes out cash from the equity they have in the property. This type of loan can be advantageous for investors who need to take cash from one property to purchase another property, buy a business, or otherwise invest in a similar venture. Loan where borrower is refinancing a current loan and taking cash out from equity in home. Investment purposes-borrower wants to take cash from property to purchase another property or put into another property, buy a business, etc.

Recent Cash Out Refinance Loan Deals

55% LTV – Cash Out Refinance
6 months

The borrower received the required short-term capital to move forward with their development project and restructure their entity ownership.

54% LTV – Cash Out Refinance, Refinance - Flip
12 months

The project was partially complete when the borrower came to First Bridge Lending to pay off the existing loan on the land and to complete the house.

59% LTV – Cash Out Refinance, Refinance
12 months

First Bridge Lending helped the client refinance to complete home renovations.

Los Angeles Mixed Use Portfolio

$1,100,000

70% LTV – Cash Out Refinance, Commercial
12 months

The borrower needed cash out of a current property to acquire a potential flip.

Compton Multi-Family

$550,000

60% LTV – Cash Out Refinance, Commercial
6 months

Borrower needed cash out of a low levered asset in order to close on a unique flipping opportunity. The deal was closed in a week.

Los Angeles Industrial

$600,000

15% of Value LTV – Cash Out Refinance, Commercial
3 months

The borrower utilized First Bridge to do a cash out refinance that allowed for the borrower to invest in a solar addition to the property.

Venice Duplex

$690,000

41.40% LTV – Cash Out Refinance, Refinance
6 months

Our loan was made to Trust where the beneficiaries were splitting the proceeds. First Bridge specializes in making loans to complex entity structures.

3 Property Los Angeles Portfolio

$1,000,000

65% LTV – Cash Out Refinance, Refinance
12 months

The borrower needed a cash-out refinance and used proceeds toward the purchase of an additional investment property. This loan allows for the release of individual collateral.

Los Angeles Multi-Family Portfolio

$1,460,000

65% LTV – Cash Out Refinance, Commercial
12 months

The borrower needed to a cash-out refinance to clear a lis pendens on an excluded asset.

Newport Beach Condo

$1,200,000

40% LTV – Cash Out Refinance, Refinance
12 months

The borrower refinanced existing debt and cashed out additional proceeds to renovate an investment property in order to procure a conventional loan post-renovations.

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