A tool for restructuring debt when timing is critical
The Stonecrest Difference
Fast & Efficient Refinancing
Avoid the Time Pressure of a Maturing Loan
Get Quick Access to Cash in Your Property
Refinance Program Benefits
The Stonecrest refinance program is designed to provide a fast and efficient way to restructure debt or take cash out of a property for short-term needs.
Get Cash Out When You Need It
If you have a time-sensitive need for cash, our refinance program can provide a vehicle to get cash out of a property when other options may not be available.
Buy Extra Time at a Critical Point
If your existing debt is under pressure (e.g. at or near maturity) at an inopportune time and you’re unable to secure an extension from your lender, our refinance program can provide short term relief to get you the time you need to move forward.
Borrow When Other Options are Unavailable
Stonecrest can often make loans in situations which fall outside of bank guidelines, so our refinance program may help you move forward with financing when conventional bank financing is not an option.*
*These products may have a higher interest rate, more points or more fees than other products requiring documentation.”
Up to $10 Million
1 to 3 Years
Mini Case Studies:
Buying Crucial Time by Refinancing
The Goal: Our borrower is a developer that was completing construction on a custom home that would be placed on the market for $1.8 million. He needed to sell the property in order to repay the construction loan.
The Challenge: The construction loan for $1 million was about to come to term, but our borrower needed additional time to market and sell the new home. The lending bank was not able to provide an extension on the construction loan.
The Solution: Stonecrest was able to refinance the debt, so the borrower could retire the construction loan and have the necessary time to get his best price on the sale of the new home.
Cash Out at a Critical Moment
The Goal: Our borrower had financed the purchase of real estate on which he planned to build a 40-unit rental building as an income generating property. He needed to secure a construction loan to begin the project.
The Challenge: The loan on the property was coming due, but our borrower needed additional cash as well as more time to be in a position to acquire the necessary financing for the construction.
The Solution: Stonecrest was able to refinance the property to produce the additional cash, as well as extend the life of the loan to provide the time that the borrower needed to get his construction loan and complete the project.