Funded
$6,000,000
Refinance / cash-out
Manhattan, NY
- Home
- Refinance & cash-out
Refinance & cash-out
Cash-out refinance loans in NYC and NJ.
Replace a mortgage, take cash out, consolidate debt or extend the term on investment and commercial property in New York and New Jersey. Term sheet in a few hours.
What a refinance does
A refinance replaces an existing mortgage with a new loan. With Brooklyn Bridge Capital, that can mean a better structure, a longer term, cash-out, debt consolidation and reduced risk. A cash-out refinance lets you pull equity out of a property you already own and put it to work: your next acquisition, a renovation, or paying off pressure.
How much you can pull out depends mainly on the property’s value minus what you owe on it. In general, lenders look at loan-to-value (LTV), the property type and condition, the income and occupancy, and your exit.
Property types
- Mixed use
- Multi-family
- Retail
- Office building
- Warehouse
- Industrial
- Self storage
- Assisted living
- Gas station / automotive
- Residential, non-owner occupied
- Land
Pull equity
Cash for your next deal, a renovation, or to pay off pressure.
Restructure
A potentially better structure, a longer term, debt consolidation and reduced risk.
Speed
Term sheet in a few hours, funding within days.
When a private refinance makes sense
Owners use a private refinance when a bank is too slow or says no, when a loan is maturing and the date cannot move, when a property needs work before it qualifies for bank financing, or when cash is needed fast for a time-sensitive opportunity. A private lender looks first at the property and the deal, so you can get a term sheet in a few hours and funding within days.
A private refinance is usually short-term, and is repaid by a sale or a refinance into long-term financing. Private money usually costs more than a bank because it is faster and more flexible; your term sheet shows the full terms for your deal. If a property is already behind on payments, see foreclosure bailout loans.
Refinances we funded
Listed examples on our site include a $6,000,000 refinance / cash-out in Manhattan, a $3,900,000 refinance in Bushwick, Brooklyn, a $3,100,000 refinance / cash-out in Brooklyn 11205, and a $1,000,000 cash-out on a commercial property in New York. To price yours, send the address, what you owe, the estimated value, how much cash you need and your timeline. Request a term sheet or apply online.
Deals we funded
Funded
$3,900,000
Refinance
Bushwick, Brooklyn, NY
Funded
$3,100,000
Refinance / cash-out
Brooklyn, NY 11205
Funded
$1,000,000
Cash-out, commercial property
New York
Questions
Related: hard money loans, nyc, commercial real estate loans, foreclosure bailout loans, recent transactions. More answers in why private lending, or see how it works and apply online.
Do you do cash-out refinances?
Yes. A refinance replaces an existing mortgage, with the potential for a better structure, a longer term, cash-out, debt consolidation and reduced risk.
How much cash can I take out?
It depends mainly on the property’s value minus what you owe. Send the numbers for a term sheet.
What property types can I refinance?
Mixed use, multi-family, retail, office buildings, warehouse, industrial, self storage, assisted living, gas station and automotive, residential non-owner occupied, and land.
Can I refinance the home I live in?
Private lenders typically lend on investment or business-purpose property. For an owner-occupied home, call 718.384.5974 first and the team will tell you plainly what is possible.
How fast can a refinance close?
You can get a term sheet in a few hours, and funding within days.
Ready to pull equity?
Send what you owe and what it is worth. Term sheet in a few hours.