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.
2nd Position Loans built for Scottsdale investors
Scottsdale's luxury property values have created significant equity positions for long-term investors and fix-and-flip operators. A second position loan lets you access that equity without disturbing your existing low-rate first mortgage — ideal for Scottsdale investors who locked in rates before 2022.
Market context: Scottsdale luxury properties may carry substantial investor equity. A second position loan unlocks that equity at a fraction of the cost of a full cash-out refinance.
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.
Have a Scottsdale property with equity?
Logan reviews every second position request personally. If the equity is there, we can usually have a term sheet within 24 hours.
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