Real Estate Investment Loans in Fredericksburg

Many real estate investors benefit from investment property financing to acquire an investment property or to get refinancing for an existing home or building. With the proper Fredericksburg investment property loan, in conjunction with optimal financing terms and interest rates, real estate investors can easily scale the success ladder.

Investment home mortgages, being fast closing and easy qualifying, supply Fredericksburg real estate investors with incredible advantages. Privately held mortgage lenders, in contrast to a lot of banks, will loan funds to a person who is a self-employed applicant, so long as the home is able to bring in revenue, and the borrower is knowledgeable in real estate projects, and has a well-defined exit strategy and shows the financial capacity to pay off the mortgage. The person should either have enough money for an advance payment or be ready to make use of the home equity inside the property. Having significantly less form-filling and documentation as compared to regular bank financing, fast closing private real estate investment loans in Fredericksburg also give borrowers an advantage over their competitors.

Real estate investors who may have excess equity inside of their real estate holdings can put it to use towards further real estate ventures or to strengthen their amount of working capital. As one example, a husband and wife living near Lake Michigan in a tourist area bought a bank-owned investment property for $600,000. They spent $150,000 on renovations, and subsequently put the property to use as a bed-and-breakfast offering short-term lodging. It was then valued at $1.2 million by a third-party professional appraiser.

The home produced a net income of $120k per year. Their below average credit score of 460 made it improbable for a bank to aid them in retrieving their personal investment in the house by refinancing the existing mortgage loan. A real estate investor loan at 65% LTV with Read Rock Capital (Read Rock Capital) gave the couple $780,000 and made it so they could recoup their personal money from the project.

Real estate investor loans are furthermore great for people who select to do a cash-out refinance to take equity out of their investment properties and use it for putting money down on additional homes. Look at the case of a person who buys a fix-and-flip property or home in Fredericksburg, does the necessary renovations, but is struggling to find a buyer for it. His money is stuck in this home, preventing him from utilizing it for other investments. Most standard lending companies, along the lines of a bank, will not agree to a cash-out refi if the borrower has not held the house for at least 12 months. But Read Rock Capital can grant a cash-out refinance all the way to 70% LTV, depending on how much the property appraises for, even when the residence is unoccupied.

As an investor in real estate, you should have a loan company who is able to fully grasp your various funding needs. So if you have been searching for the ideal lender who is going to explain to you your options concerning Fredericksburg real estate investment loans, your search is over. Submit the contact form on this page or give us a call to discuss what type of investment property loan would be best for your property.

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