Investment Property Refinance Loans [Nationwide]

[James McAlister]

Investment Property Refinance Loans

Loans For Refinancing Rental Properties

If you’re looking for investment property refinancing on a Non-Owner Occupied property you already own, we have a wide variety of options.

We offer hard money loans to refinance investment properties of all types, from single families, to multi-units (2 - 4 units), to apartment buildings (5 - 500+ units), to commercial properties, with terms ranging from 1 to 30+ years.

This type of investment property refinancing is an excellent choice to refi a rental property you intend to Buy & Hold.

When To Refinance Your Real Estate Investments

The most common priorities for investors looking for rental property refinance loans are typically:

1. Previous loan term is expiring. If you have a current loan that’s about to expire or jump to a higher balloon payment, now's the time to refi.
2. Get more favorable rates & terms. If you can refinance your current loan without paying any penalties, then it makes sense to shop around for a better option, especially if you're getting close to a balloon payment or rising interest rate.
3. Cash out equity. If you have a lot of equity that you’ve built up and would like to cash out to use those funds for other priorities, we even have specialized Cash Out Refinancing Hard Money Loans.
4. Escape an undesirable lender. If your current financing is through a bank or private lender, and you'd rather not keep dealing with them, refinance with a more friendly financing partner like Glassridge!

Of course, there are plenty of other reasons to refinance, but these are the most common that I see on a daily basis. The main thing to take away from this is that you can always refinance your real estate investments. It might not come up very often, but it's worth reviewing your primary mortgages at least once or twice a year and checking your available options to see if you can get a better deal.

Glassridge Investment Property Refinancing

While it will largely depend on the type of deal, property condition & location, as well as specific details of the borrower, our Hard Money Investment Property Refinancing Loans will usually offer maximum LTVs ranging from 65% - 80%. Higher LTV refinancing loans can be especially useful for the investor whose goal is to cash out equity.

Since we offer refi loans on a variety of property types & scenarios, the Rates & Terms also have a wide breadth.

In terms of ballpark rates & terms, you can expect anywhere from:

• 2 - 5 Points Origination Fee.
• 7% - 12% Interest on long-term Buy & Hold refinancing.
• from 1 - 30+ years.

All of these numbers are subject to change, as they are determined on a case-by-case basis, so refer to these for the rough ballparks they are.

Hard Money Investment Property Refinancing is one of the most flexible types of real estate loan we can offer. So if you’re wondering anything about Investment Property Refinance Loans or any other type of Commercial Real Estate Financing, feel free to contact me here on BiggerPockets, or check us out at Glassridge.com.

Thanks!