Investment Property Cash Out Refinance

Oregon real estate investors often ask, “Can I get a cash out loan for my investment property in Oregon?

Oregon Cash Out and our parent company, Hurst Lending & Insurance, offer a number of Oregon cash out loan options for real estate investors who are interested in taking cash out of their rental homes in Oregon.

You can get an investor cash out loan to help you:

  • Purchase more Oregon rental property
  • Improve your existing property
  • Conserve your capital
  • Consolidate debt
  • Fund other dreams

Unlike many lenders, we offer several conventional and portfolio cash out options to Oregon real estate investors:

  1. Take “Cash Out” for Rental Property that Has Increased in Value (Lowest Rates):

    You can use conventional financing (lowest rates available) to take out cash from your property after you have owned your property for at least 6 months and provided that you leave 25% equity in the property after your cash out refinance.

  2. Take “Cash Out” Based on Your Improvements to the Property (Lowest Rates):

    You can also take cash out from your investment property using conventional financing based on the after repair value based on any improvements you made to your property.  You simply need to refinance 6 months after the purchase date to take advantage of this conventional loan program with very low rates currently in the 4’s.

    • Example: Using Cash to Purchase and Repair Property – If you purchase a fixer upper for $100k with cash and make $20k worth of improvements to the property and based on these improvements the property is now worth $200k, you can take out cash based on the $160k after repair value.  This would allow you to take out 75% of the appraisal from after your repairs.  In this example, you can take out $150k.
    • Example: Using Financing (traditional or hard money) to Purchase and Repair Property – If you take out a loan for $120k to purchase and repair a fixer upper ($100k purchase price with $20k worth of improvements) and based on these improvements the property is now worth $200k, you can take out cash based on the $200k after repair value.  This would allow you to take out 75% of the appraisal from after your repairs.  In this example, you can take out $30k ($160 times .75 minus $120k loan = $30k Cash out).
  3. Take out More Cash from Your Investment Property (Moderate Rates):

    If you want or need to take out even more cash from your property, we also offer a program where you can maximize your cash out.  With this program you only need to leave in 20% equity in your property vs. having to leave in 25% or even 30%.  For example, if you bought a fixer upper for $100k and make $20k worth of improvements to the property and based on these improvements the property is now worth $200k, you can now take out cash based on the $200k after repair value.  This would allow you to take out 80% of the appraisal from after your repairs.  In this example, you could take out $160k (this is $10k higher than option #2 mentioned above).

To get a quote for a cash out investor loan, please click the button below or call us toll free at 877-692-0563. We would love a chance to see what scenario might work the best for you.

Oregon Cash Out Loans – We Specialize in Cash-Out Refinancing!

As a mid-size lender, we work hard to find creative ways to meet our customers’ unique needs – like our wide range of cash-out loan programs for a variety of situations. If you are looking to purchase a second or investment home, consolidate debt, finance your child's tuition, or take advantage of lower interest rates, please contact us today. 
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Investment Property Cash Out Loan Application