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Updated about 9 years ago on . Most recent reply

Lamont Mitchell's profile image
Lamont Mitchell's profile image
Lamont Mitchell
  • Real Estate Investor
  • from Sacramento, California
  • Member since Oct 23, 2015
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Lamont Mitchell's profile image
Lamont Mitchell's profile image
Lamont Mitchell
  • Real Estate Investor
  • from Sacramento, California
  • Member since Oct 23, 2015
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Lamont Mitchell
  • Real Estate Investor
  • Sacramento, CA
9
Votes |
26
Posts
Private Lending & Conventional Mortgage Advice

Is There Extended Transactional Loans That Allow A Refi Cashout?

Lamont Mitchell
  • Real Estate Investor
  • Sacramento, CA
Posted

Are There Extended Transactional Loans That Allow A Refinance Cashout?

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Account Closed's profile image
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Account Closed
  • Lender
  • from Hot Springs Village, Arkansas
  • Member since Nov 26, 2014
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Account Closed's profile image
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Account Closed
  • Lender
  • from Hot Springs Village, Arkansas
  • Member since Nov 26, 2014
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Account Closed
  • Lender
  • Hot Springs Village, AR
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Account Closed
  • Lender
  • Hot Springs Village, AR
Replied

In my world transactional loans and bridge loans are the same. Each lender has their own requirements. But certainly in my experience the purpose of a bridge/transactional loan is to allow the borrower time to refinance. So, yes, a bridge/transactional would allow a refinance.

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