Balloon Payment Refinance for Maturing Investor Loans
Your balloon is coming due and the lender will not extend. Send us the payoff and the maturity date, and we refinance the loan before it matures so you keep the property.
Want to See Your Financing Options?
Tell us about the property. We'll let you know if it works and explain the available financing. No runaround.
What Is a Balloon Payment Refinance?
A balloon payment refinance replaces a hard money loan, private loan, seller-financed note, or short-term bridge loan that is coming due. The new loan pays off the existing balance so you can keep the property instead of selling it or paying the balloon out of pocket.
When It Makes Sense to Refinance the Balloon
Any time the balloon is due and you plan to keep the property. These are the files we see most:
What We Need and How Fast We Close
Send the scenario and you get a term sheet the same day. Closings typically run 8 to 13 business days once the appraisal and title are done. Start 30 to 45 days before maturity. Here is what we need:
Already past maturity? Call 800-805-3391 and we will work backward from your deadline.
Balloon Payment Refinance FAQ
What is a balloon payment refinance?
It is a new investment property loan that pays off the balance due at the end of a short-term loan. Most of the time that loan is a hard money loan, a private loan, a seller-financed note, or a bridge loan reaching its maturity date. The refinance clears the balloon so you keep the property instead of selling on someone else’s deadline.
Can you pay off a balloon on a hard money loan?
Yes. Hard money loan refinance is one of the most common files we fund. Send the payoff amount, the maturity date, and the property details. We look at the property and the equity behind it. Loan amounts run from $100,000 to $5,000,000 on eligible investment property.
Do you require DSCR, tax returns, or a minimum credit score?
No DSCR test, tax returns, W-2s, income documents, or minimum FICO on qualifying files. Larger commercial files may need leases or property financials so we can review the income. These are business-purpose loans on non-owner-occupied investment property, each one underwritten on its own merits, and approval is never guaranteed.
How fast can you close before my maturity date?
You get a term sheet the same day we have a complete scenario, and most files close in 8 to 13 business days once the appraisal and title are back. Call us 30 to 45 days before maturity so there is room for the appraisal and the payoff statement. Already past due? Call and we work backward from your deadline.
Which property types are eligible?
Investment residential (1 to 4 units), multifamily, mixed-use, office, retail, industrial and warehouse, plus other eligible commercial investment property. We lend in 43 states plus Washington, DC.