Delta 8 Capital- Cash-Out Loans- Hard Money Loans
Delta 8 Capital provides several types of private hard money loans in Texas.
One of the most popular types of hard money loans that we fund are cash-out loans.
Banks and other traditional lending institutions are not actively and/or aggressively closing loans that allow borrowers to have access to the equity in their property.
A cash-out loan from Delta 8 Capital does allow the property owner to have access to their property’s equity. The money from a cash-out loan can be used to consolidate other debt, renovate a property, or other business ventures.
On our cash-out loans, we can lend up to 50% of the property value (based on Delta 8 Capital’s valuation).
- Borrower inherited a property and has the property listed for sale, but desires some cash while waiting for a contract and sell of the property.
- Borrower has a very small lien on the property or owns the property free and clear, and desires some cash for other pursuits.
We do NOT lend on primary residences.