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Updated about 2 years ago on . Most recent reply
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Cash-out equity loan for house paid-in-full
I have a fixer-upper that I own outright. I’m 80% finished on the rehab. I need cash to carry me to the finish line. A cash-out equity loan of $75000 with no pre-payment penalty would be perfect. A hard money lender would be ideal, however they seem to be focused on fix and flip loans. Any suggestions? (I purchased for $225k with ERV of $450k.)
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