Our refinance program allows investors to use the equity in a property they already own.
Whether an investor needs to refinance a property, wants rehab/ construction funds to improve their property or just want to take cash out, this program can get them funding quickly.
Refi & Cash-out Loan Terms*
| Interest Rate | Origination Fee | Loan Term | Extensions Available | Pre-Payment Penalty | Refinance Max LTV | Cash Out Max LTV | Minimum Credit Score |
|---|---|---|---|---|---|---|---|
| 9 - 12% | 1 - 3% | 12 Months | Yes | No | Up to 70% of Appraised Value | Up to 65% of Appraised Value | 640 |
Loan Criteria
| Project Type | Property Type | Lending Areas | Loan Size | Lien Position | Borrower Entity Type | Recourse |
|---|---|---|---|---|---|---|
| Refinance or cash out on previously acquired properties | Non-owner occupied investment properties: 1-4 family residential, 5+ unit multi-family, mix-use and commercial properties | NY, NJ, CT, PA, FL, TX | $150k - $2.5M | First | LLC, Corporation, Partnership, Trust | Personal guarantee |
Our commitment
Speed
We can give you a preliminary decision right away and can close loans in as quickly as 10 business days.
FLEXIBILITY
We have multiple loan programs to meet your borrowing needs or we can customize loan terms for deals that make sense for you.
TRANSPARENCY
HSC has a clear and straightforward loan process so you know where your loan stands at all times.
DEPENDABILITY
We are committed to providing you reliable financing so you can count on us to be there when you need us.