The primary requirements include having sufficient equity in your Florida property (typically requiring a loan-to-value ratio of 80% or less), owning real estate that can serve as collateral, and demonstrating the ability to repay the loan. We focus more on the asset value than personal credit scores.

A cash out refinance hard money loan is a short-term, asset-based financing option that allows Florida property owners to refinance their existing mortgage for a larger amount and receive the difference in cash. Unlike traditional refinancing, we focus primarily on the property’s value rather than the your creditworthiness, making it ideal for real estate investors and property owners who need quick access to capital.

Hard money cash out refinance rates are usually range from 8-15% annually, depending on property type and borrower qualifications.

Hard money loans typically have shorter terms ranging from 6 months to 3 years. The shorter terms reflect the temporary nature of hard money financing, often used as bridge financing until permanent financing can be secured.

Hard money cash out refinances typically close much faster than traditional loans, often within 7-15 business days. The speed depends on property appraisal completion, title work, and documentation requirements, but the streamlined approval process makes it significantly faster than conventional refinancing.

Required documentation include property appraisal, proof of existing mortgage balance, property insurance, title information, and basic financial information.