Private Real Estate Mortgages in Kissimmee

Private real estate financing helps investors pay for, remodel or refinance a property via a short-term loan from a private business or an individual. As opposed to loans from banks, Kissimmee private mortgage loans are fast closing, easy qualifying and available to self-employed applicants.

Thus, in case you have bad credit, having a real estate opportunity showing good potential, a considerable downpayment, prior experience, and a clear-cut exit strategy are a great deal more important when it comes to being qualified for private money for a real estate loan. What's more, Kissimmee private real estate mortgages close fast to ensure that you get financing without delay, letting you close a deal within 2 or 3 weeks.

Most borrowers talk with Kissimmee private mortgage lenders when:

  1. They wish to renovate or make repairs to the property or home so they can offer it at a higher price or to charge higher rents.

    By way of example, we had a customer with a two-unit rental property. At the time, he had plenty of equity available in the property and the rent checks generated steady income. He sought to do some improvements to the units in order to maintain high rents, but a below average credit score of 520 meant a bank would doubtless turn down his loan application. So he turned to Read Rock Capital to do a cash-out refinance and received financing at 65% LTV.

  2. They wish to combine all of their financial debts into one payment.

    Numerous debts with a range of interest rates can be extremely overwhelming and tough to keep tabs on. To help make the situation more manageable, some people merge their debts into one single mortgage loan with just one monthly payment.

  3. They would like to employ the existing equity in one house and use it to acquire another one.

    As an example, one of our customers located in Hawaii had a house appraised at over a million dollars. When he failed to procure a buyer for the house, he entered into a lease-option-to-buy arrangement with an interested party. The amount of rent was enough to take care of the cost of his ongoing mortgage bill, property taxes and cost of insurance. The renter additionally put two hundred thousand dollars for a non-refundable advance payment as he signed the 3 year contract. Having these sureties to take care of the home's monthly payments on a regular basis, he phoned Read Rock Capital to obtain a seventy percent LTV private mortgage loan for his subsequent real estate investment. The borrowed funds helped him afford a different investment property and in addition, deal with his initial mortgage.

  4. They want help to meet the balloon payment for the current mortgage.

    If an unanticipated incident stops a person from meeting his balloon payment deadline, he can approach another loan provider to refinance. A refinance can help him hit the due date for the balloon payment and steer clear of any penalty charges.

In search of a private mortgage lender in Kissimmee to fund your real estate investment? Enter your info into the form or get in touch with us via phone to talk about your project.

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