Recently investment property owners have been utilizing the equity in their investment properties both to refinish these properties but also access working capital for their businesses. A third opportunity is to use this equity to purchase other properties.
Transactions have run as small as $45K and as high as $10MM (+). Loan to value has been from 20% to as high as 70%. Rates have varied. Key to this has been timing: Most loans close within a week of our receiving some standard property information.