Private real estate financing gives assistance to real estate investors who want to pay for, remodel or refinance a property or home utilizing a short-term loan from a privately owned business or an individual. As opposed to bank loans, Highland private mortgage loans are fast closing, easy qualifying and available to self-employed applicants.

This is great for real estate investors considering that even someone with bad credit can obtain a private money for a real estate loan as long as he has a project that shows promise, he has sufficient money for a downpayment, he has proven himself able in earlier real estate ventures, and he has a plan for an exit strategy. What's more, Highland private real estate mortgages close fast to grant you financing without delay, letting you close on a deal within a few short weeks.

Most individuals work with Highland private mortgage lenders when:

1. They need money to repair a house and put it up for sale at a higher price point or to rent it out for more money.

   E.g. a past borrower owned a twin-home / duplex. At the time, he retained a significant amount of equity in the building and the rent checks brought in a steady revenue. A handful of choice home enhancements would help him raise his rental prices, but with a lower credit score of 520, it was highly certain that a bank would turn down the mortgage application. Shortly after he contacted Read Rock Capital for financing, we were able to complete a cash-out refinance for 65% of the home's appraised value.

2. They need to consolidate their unpaid debts.

   A lot of people think it is stressful to deal with multiple payments each and every month. To successfully make the situation more reasonable, some people consolidate each of their financial debts into one single loan with just one monthly payment.

3. They want to utilize the existing equity in their existing home and property to do an additional real estate investment.

   For instance, one of our borrowers located in Hawaii had a place appraised at more than a million dollars. While it was challenging for him to get a buyer for his home, he had somebody who was open to lease it having the option to purchase it. The amount of rent was sufficient to pay for his monthly mortgage payment, taxes and cost of insurance. The renter also put two hundred thousand dollars towards a non-refundable deposit when he signed the three year agreement. With the help of these assurances to take care of the property's foreseeable expenses, he discovered a new investment opportunity and got into contact with Read Rock Capital to obtain a private mortgage loan around 70% of the property's value. This enabled him to pay an advance on the downpayment for the new property, and at the same time repay his existing mortgage.

4. They want help to satisfy the balloon payment for a previous mortgage.

   A person who invests in real estate and already has an existing private loan and is not able to afford the balloon payment as a result of a change in circumstances can apply for refinancing from a different lending company. A refinance will help the borrower avoid missing the cut-off date for the balloon payment and prevent any penalties.

Do you need a private mortgage lender in Highland to fund your investment purchase? Fill out the form or give us a call and let's discuss the property you have in mind.