|Loan Program||Cash Out|
|Loan Amount||$50,000 – $250,000|
|Loan Term||12 months|
|Extension Fees||1% for 3 month|
|Min Credit Score||620|
|Roll Points into Loan||Yes, .5pt premium|
|Payments Due||Monthly IO|
|3rd Party Servicing Fee||$15/mo|
|Draw Request Fee||$200|
Cash Out Hard Money Loan Program
Freedom Private Money’s cash out hard money loan program is an attractive option for real estate investors looking to leverage the equity in their property to finance new investment deals. We understand that for real estate investors, quick access to financing is incredibly important. Freedom private money will typically lend 65% of the appraised value of the property for cash out hard money loans. Cash Out Refi’s can only be done under an entity and no funds can be used for consumer purposes.
Our specialized program was developed to allow Buy & Hold and Fix & Flip investors to cash out and refinance their investment properties from rates as low as 11.99%. Our loan process is fast and easy. There is no “one size fits all” scenario, so we work to find you the best loan for your situation.
Our expedited underwriting process can close within 2 weeks.