Rental Refinance Program
The Norris Group’s refinance hard money program for real estate investors is built for California real estate investors looking to refinance properties that are already rented or rent ready. This landlord policy has a three-year term with a one-year prepay penalty. This gives investors the liquidity they need to go purchase more instead of having all their money tied up.
To be eligible for the program, the property to be financed must be rented or rent ready. We can work with self-directed IRA accounts and entities (Corps, LLCs, partnerships, trusts, etc.). If the property you’re looking to finance is a fixer-upper in need of rehab, please see our Rental Purchase Program. We can fund quickly and then modify the loan after the property is rent ready. See program for details.
Term: 3 years
Rate: 6.9% interest only
Prepayment penalty: 1 Year Up to 65% LTV MAX
Points: 2 pts
Appraisal Fee: $375-$400
Rental purchase program available. Call for details
Entities, trusts & IRAs OK