FHA Multifamily Cash Out Refinance Loans
We specialize in non-recourse multifamily cash out refinance loans with low fixed rates and terms ranging from 5 to 35 years. Our FHA-insured multifamily loans are among the most cost-effective financing options available to multifamily and apartment housing investors.
FHA Multifamily Loans
(Acquisition/Refinance – FHA Section 223(f))
- Non-recourse loan
- Up to 83.3% Loan-to-Cost
- Up to 35 Year Term/Amortization
- Low, fixed interest rate (based on market spreads over 10-Year Treasury Yield
- Debt Service Coverage (1.20 Minimum)
- Assumable loan
- Third-party expenses and loan costs may be financed
The information on this page is limited and meant for general reference purposes. For detailed information or a specific quote on a transaction, please Call us at 877-692-0563 to get more information or email sbialek@HurstLending.com.
Save With a Multifamily Cash Out Loan
I’ve worked with Jay Hurst on several loans for my homes over the years, for purchases and refinancing - and just completed one that was a long time planning. Jay is extremely knowledgeable and helpful, and was able to help advise me thru a lot of the nuance the options for my recent purchase, and provide a lot of clarity for me.Great guy to have on your side, and great rates!.
Hurst Lending was very easy to work with and stayed in constant contact with me throughout the loan process so I never had to wonder what the status of the loan was.
About Our Cash Out Loan Program
We offer a smarter way to get the cash you need, with special expertise in Texas Cash Out loan laws.
Reduce Your Rate
Low Rate Financing
Use Cash For Anything
What is a Multifamily Cash Out Loan?
A multifamily cash out loan in Texas can be used for a variety of purposes, but it is typically used to refinance an existing multifamily property and take out cash from the equity built up in the property. This can include things like property improvements, debt consolidation, or investment in other properties.
To qualify for a multifamily cash out loan, borrowers typically need to have a good credit score, a stable income, and enough equity in the property. The loan is secured by the multifamily property, which serves as collateral. The terms of the loan will vary depending on the lender and the specific property being refinanced.
The terms of a multifamily cash out loan in Texas may include things like the loan amount, interest rate, repayment term, and any prepayment penalties. Lenders will also typically require an appraisal of the property and may have specific requirements for the property such as occupancy rate, location, or condition. It is important for borrowers to carefully review the terms of the loan and make sure they understand the terms and conditions before signing any agreements.
Additionally, Texas has specific laws and regulations regarding multifamily cash out loans, as experts familiar withTexas laws and regulations, we can help navigate the often complex mortgage process.
Why Use
Hurst
Lending
EXPERTS
We’re Texas Cash Out Experts.
CONSOLIDATE
Use funds to consolidate debt.
CONVENIENCE
No unnecessary red tape or contingencies.
FUNDING
Purchase properties or other dreams.
About Hurst Lending
We have been helping our customers buy, sell, and refinance their homes since 2006. Our personalized approach to the home buying process includes a suite of services that solve common hurdles in the home buying process. Have you ever experienced the frustration of Losing your dream home in a bidding war; Trying to buy before you sell; Had your buyer fallout; or Being on a fixed income and needing your equity to purchase a new home? Our Industry-leading suite of Domination Loans solves these issues. We also offer a suite of real estate investor loan products and a full suite of conventional, VA, FHA, construction and traditional home loans.
Make a Smart Move
"Football is hard. Refinancing doesn't have to be.
Consider a cash out refinance in Texas."
Dat Nguyen
Hurst Lending Investor
Former Pro Football Player & Coach