Updated over 12 years ago on . Most recent reply
Lenders and Cash out refi's for Land Trust Property
Hi all,
I have a rental worth about $80K that is free and clear. I'd like to pull equity out for other deals but it's in a land trust. Are there lenders that will do a cash out refi or HELOC on these or does it need to be deeded out of trust? If so, what is this process like and how long can it typically take? I'll even be ambitious and see if anyone knows a lender in Jacksonville, FL that will do this.
On a side note, is there anyone in Jacksonville lending for flipping purposes? If so, please feel free to reach out to me. Thanks!