Phoenix 2nd Position loans
Rates, points, loan sizing, leverage, and final terms are provided only after Grand Funding reviews the specific transaction. This website is not a commitment to lend.
2nd Position loans built for Phoenix deals
Phoenix is the fifth-largest city in the United States and the engine of Arizona real estate investing. Inventory turnover is fast, cash buyers are common, and renovation timelines are tight. Investors closing deals here need a lender who can issue a term sheet in 24 hours and fund in 3-5 days.
Rates, points, loan sizing, leverage, and final terms are provided only after Grand Funding reviews the specific transaction. This website is not a commitment to lend.
Who this loan is built for
Investors who have a low-rate first mortgage they don't want to lose, but who need access to property equity for a deal or capital event. Common Phoenix use cases include fix-and-flip, buy-and-hold rentals, ADU additions, 1031 exchanges.
Loan terms at a glance
- Loan sizing: Determined after deal review
- Rates and points: Provided after deal review
- Leverage: Determined after deal review
- → Term: Determined after deal review
- → Approval: 24-hour term sheet
- → Funding: 3-5 business days standard
- Credit, income, experience, and documentation requirements are determined after review of the specific transaction.
- → Coverage: Statewide in Arizona, including Phoenix
Common questions from Phoenix investors
Why would I take a 2nd position instead of refinancing?
If your existing low-rate mortgage range), refinancing means losing that rate. A 2nd position loan keeps the first untouched and adds a smaller second lien for the cash you need.
Up to what CLTV can I borrow?
Combined leverage is determined after deal review of property value. Logan reviews each deal — strong borrowers can sometimes go higher.
Does the first lender need to approve?
We notify the first lender as a courtesy but their consent isn't required as long as your first-mortgage docs don't prohibit junior liens (most don't on investment property).
What's the typical use case?
Equity for a new acquisition, rehab capital on an existing property, paying off higher-rate debt, or business capital event. Logan structures around your specific use.
Have a Phoenix deal under contract?
Logan personally reviews every 2nd position loan request. Term sheet in 24 hours.
