SCOTTSDALE · 2ND POSITION LOAN

Scottsdale 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.

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2nd Position Loans built for Scottsdale investors

For a property in Scottsdale, review the address and project on their own merits. Bring the first mortgage terms, current balance, and details of other liens. Compare the combined payments and payoff costs before choosing a second loan over a refinance.

Check the property’s jurisdiction and permit needs through Scottsdale planning and building services. Nearby cities may have different rules. Confirm what applies to the address before setting the budget.

Who this loan is built for

Investors who have a low-rate first mortgage they don't want to touch, but need capital for a next deal, renovation, or bridge transaction. Common Scottsdale use cases include down-payment funding for the next acquisition, renovation capital, and bridge financing.

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 Scottsdale

Common questions from Scottsdale investors

What is a second position loan?

A second position loan (also called a second mortgage or junior lien) sits behind your existing first mortgage. It lets you access your equity without disturbing your low first-rate loan.

How is leverage determined for a second position loan?

Second-position leverage is determined after review of the existing liens, property value, requested financing, and exit strategy.

How fast can I fund a second position loan?

7-10 business days is typical — slightly longer than first-lien deals due to subordination review with your first-lien lender.

When does a second position beat a cash-out refi?

When your first mortgage has a market rates, refinancing destroys the economics. A second position loan lets you keep the first and access equity on just the incremental amount.

What Scottsdale properties qualify for a second position loan?

Most Scottsdale residential and investment properties qualify — single-family, townhomes, condos, and small multi-family. We evaluate CLTV and exit strategy, not just credit.