Arizona Second Position Loans — Unlock Hidden Equity Fast
Already have a first mortgage? Tap your Arizona property's equity without refinancing your existing loan. Keep that low rate and still get the capital you need. Up to 75% CLTV, 24-hour approval, 3–5 day funding.
Why Arizona Investors Use Second Position Loans
Smart equity access without giving up what you've already earned
Keep Your Low-Rate First
Many Arizona investors locked in 3–4% rates. A second position loan lets you access equity without refinancing — preserving that rate while still getting the capital you need.
Fund Your Next Deal
Use a second position on one Arizona property to fund the down payment or full purchase of another. Smart investors leverage existing equity to grow faster.
Fast Access to Capital
24-hour approval, 3-5 day funding. When a deal comes up and you need equity fast, a second position is often the fastest path from equity to cash in hand.
No Income Docs
Asset-based underwriting means we focus on the property value and your combined equity position — not your tax returns or employment history.
Recent Arizona 2nd Position Deals
Real equity access for real investors
How Arizona 2nd Position Loans Work
Simple process, fast capital
Submit Your Equity Position
Tell us the property value, first mortgage balance, the amount you need, and what you'll do with the funds. We work from there.
~10 minutesGet Your 2nd Position Terms
We evaluate the combined LTV (first + second), property value, and your exit. Clear terms in 24 hours — rate, amount, term, monthly payment.
Within 24 hoursClose & Access Your Equity
Close through an Arizona title company with first lender consent as needed. Funds wire within 3–5 business days.
3–5 business daysArizona 2nd Position Loan FAQs
Common questions about second position hard money loans
What is a second position loan in Arizona?
+A second position loan in Arizona is a hard money loan secured by a property that already has a first mortgage. It allows investors to access equity without refinancing their existing first lien. Grand Funding provides Arizona second position loans up to 75% combined LTV with 24-hour approval and 3-5 day funding.
Why use a 2nd position loan instead of refinancing in Arizona?
+If you have a low-rate first mortgage (3-4%) and don't want to lose that rate by refinancing in today's higher-rate environment, a second position lets you access equity while keeping your existing first in place. It's a common strategy for Arizona investors who locked in low rates and still need capital.
What is the maximum CLTV for an Arizona second position loan?
+Arizona second position loans are available up to 75% combined loan-to-value (CLTV) (CLTV). This is the combined balance of your first mortgage plus the new second divided by the property's current appraised value. Example: $300K first + $75K second on a $500K property = 75% CLTV.
Does my first mortgage lender need to approve a second position?
+It depends on the terms of your first mortgage. Some first mortgages have due-on-encumbrance clauses. We'll review the first mortgage terms with you as part of the process. Most investment property firsts allow junior liens.
How fast can I get a second position loan in Arizona?
+Arizona second position loans are approved within 24 hours and fund within 3-5 business days, assuming clean title and clear first mortgage documentation. We move at the speed your deal requires.
Ready to Unlock Your Arizona Equity?
Keep your first mortgage. Access your equity. Close in days.
Quick estimate. Real numbers in 24 hours.
Estimate only. Interest-only assumed. Origination, rate, and final loan-to-value depend on property, deal quality, and exit strategy. Logan reviews every deal personally — call (602) 935-0371 to talk specifics.
