Are There Extended Transactional Loans That Allow A Refinance Cashout?
I'm not sure if what you're asking is very clear. Can you elaborate?
Yes I can elaborate. Some transactional lenders will fund a deal for 3 to 30 days or more. During that time can an investor refinance with the transactional lenders and cash them out? It would be similar to refinancing a short term bridge loan, but with less lending requirements upfront. However, the payout for an extended transactional loan might be the same depending on the terms.
In my world transactional loans and bridge loans are the same. Each lender has their own requirements. But certainly in my experience the purpose of a bridge/transactional loan is to allow the borrower time to refinance. So, yes, a bridge/transactional would allow a refinance.