Real Estate Investment Loans in Exeter

Investment property financing is a great alternative for real estate investors thinking about purchasing an investment property or getting refinancing for a current property. Having access to Exeter investment property loan solutions at the appropriate time, with the proper loan framework, term and lending rate, can help real estate investors carry on down their route to achieving success.

Investment home mortgages, since they are fast closing and easy qualifying, supply Exeter real estate investors with tremendous benefits. Even though the majority of banks are reluctant to lend capital to a self-employed client, privately owned financing companies will not have an issue approving a mortgage, as long as the home has the potential to generate a profit, the person has done similar projects previously, and he has a planned exit strategy and the fiscal capacity to meet the mortgage terms. The applicant should be ready to put a down payment on the property or unlock some existing equity. Because privately owned loan companies typically need much less paperwork than banks and government organizations, private real estate investment loans in Exeter do not take as much time compared to traditional lending options and close fast.

For many real estate investors, the existing equity in a property or home can be a great way to generate funds for other impending property purchases or to improve the overall level of cash they have on hand. To illustrate, a husband and wife located next to Lake Michigan in a tourist town purchased a bank-owned investment property for six hundred thousand dollars. They sunk $150,000 into transforming and renovating the residence, and after that they turned it into a bed-and-breakfast rental and the appraised value went up to $1.2 million.

The couple received $120,000/year net from the property. But with a poor credit score of 460, there wasn't any chance they could obtain a loan with a regular bank to get back the $150,000 personal investment. Even so, Read Rock Capital (Read Rock Capital) was able to complete a real estate investor loan for them at 65% LTV, allowing them to get back the money they had personally invested in the home.

Real estate investor loans are also a fine choice for those who want to do a cash-out refinance to unlock their preexisting equity for other purchases. Suppose an investor buys a distressed house in Exeter and rehabs and flips it, but is unable to sell it off quickly. With his cash caught up in this particular project, he winds up losing out on numerous other investment opportunities whose timing he cannot predict. Banks or other customary loan providers won't consent to a cash-out refinance if the applicant has had the house for less than a year. But Read Rock Capital can authorize a cash-out refi as much as 70% LTV, depending on how much the property appraises for, even when the house is uninhabited.

Read Rock Capital knows that the financing needs of a real estate investor are more advanced than that of a typical homebuyer. If you're in need of a lender who knows your requisites and can present you with reliable information regarding your Exeter real estate investment loan choices, you have come to the ideal place. Complete the form or call us and let's discuss what type of investment property loan might be best for the property or properties you have in mind.

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