Private Real Estate Mortgages in Helena

Private real estate financing can help investors purchase, renovate or refinance a home or property utilizing a short-term loan from a privately owned firm or an individual. Although traditional lenders such as banks will require an extended, drawn out application process and in all likelihood will be reluctant to lend money to a self-employed individual, private mortgage loans in Helena close fast and are easy qualifying.

Meaning that even if your credit score recently went through the wringer, you still have a good chance of qualifying for private money for a real estate loan provided that your undertaking is presumed to be profitable, you have sufficient capital to set aside for the down payment, you have proven yourself capable in past real estate ventures, you have substantial equity in the property or home or you have an intelligible plan to pay back the balance of the loan. Besides, if you are searching for a fast closing, you won't come across any options better than Helena private real estate mortgages.

Commonly, clients get a hold of a private mortgage lender in Helena when:

  1. They're in search of funds to remodel a house and offer it for sale for a higher price point or to up the lease amount for renters.

    For instance, there was this customer with a 2-family rental property. He previously built up adequate equity available in the house and the monthly rent checks was a recurring income source. Although several enhancements to the units might have enabled him to ask for more rent, a bank would definitely have turned down his loan request, given that his credit score was down at 520. So he turned to Read Rock Capital to obtain a cash-out refinance and obtained a loan at 65% LTV.

  2. They would like to consolidate their financial debts.

    Multiple debts with a range of rates are very overwhelming and challenging to keep an eye on. To make the situation more manageable, people consolidate all their unsecured debts into just one mortgage loan with only one monthly payment.

  3. They want to utilize their house's existing equity for an additional home purchase.

    For instance, one of our previous clients located in Hawaii had a property valued at more than a million bucks. Because it was tough for him to secure an interested party for his house, he had identified an individual who was willing to lease it having an option to buy. The funds that stemmed from the rental payments took care of his monthly mortgage expenses, home owner's insurance, and taxes. The tenant additionally included $200,000 in the form of a non-refundable deposit as he signed the 3-year lease agreement. Having these assurances to cover the home's foreseeable expenses, he ran across a new real estate investment opportunity and approached Read Rock Capital for a private mortgage loan nearly 70% of the property's estimated value. The loan helped him pay for a different investment and in addition, pay down his primary mortgage.

  4. They already have an existing loan and cannot afford the pending balloon payment.

    A person who invests in real estate and currently has an existing private mortgage loan and isn't able to pay for the balloon payment as a result of a change in circumstances can fill out an application for refinancing from a different lender. A cash-out refinance will help you pay the balloon payment and evade penalty.

Do you need a private mortgage lender in Helena to finance your investment purchase? Complete the form on this page or give us a call and let's discuss the property you have in mind.

Request More Information

A loan specialist will be in touch shortly

Personal Info

Project Info

Investment property loans only please, no primary residences at this time.