To attract renters seeking an updated, higher-end apartment, the investor of this quadplex near the Hudson River needed funds to rehab the property. Velocity’s simple loan qualification and streamlined processing for a quick close were the reasons the broker
Seeking flexibility and the certainty to close. The investor for this prime-location SFR wanted to refinance from a hard money loan to secure a lower, long-term rate. Knowing that the investor also needed flexible underwriting, the broker felt confident
With flexible underwriting, streamlined processing, and better terms than hard money, we recently refinanced seven separate SFR rental properties using our Flex-Term mortgage program, providing the borrower with additional capital to expand their real estate portfolio.
The investor who recently purchased this newly built condo for cash wanted to use the property’s equity to expand their real estate portfolio. Velocity funded a speedy 75% LTV cash-out refinance with our 30-year, fixed-rate FlexTerm loan, which provided
To use this 10-acre ranch house as a short-term vacation rental and event venue, the investor needed a cash-out refinance to rehab the property and attract renters. Our FlexTerm mortgage program provided a long-term, fixed-rate with flexible underwriting and
We funded the refinance of this mixed-use upper-westside property with a 3-year fixed, 30-year fully amortized adjustable-rate mortgage.
We funded the refinance of this 3-unit, investor 1-4 property with a 3-year fixed, 30-year, fully amortized adjustable-rate mortgage.
We funded the cash-out refinance of this 104-year-old brownstone with a 3-year fixed, 30-year fully amortized adjustable rate mortgage.
In just 34 days from submission to funding, the cash-out refinance for this four-unit quadplex provided the borrower with $125,000 to upgrade this property and invest in other income properties.
We funded this cash-out refi of a single family investment property used as a board and care facility in Rancho Palos Verdes, CA. In less than 30 days, we turned a bank decline into a funded loan, providing cash