Real Estate Investment Loans in Grand Island

Numerous real estate investors use investment property financing to obtain an investment property or to get refinancing for a current home or building. The right Grand Island investment property loan, with favorable terms and interest rates, can assist real estate investors in achieving their goals.

Investment home mortgages, because they are fast closing and easy to qualify for, offer Grand Island real estate investors huge advantages. In contrast to banks, privately owned financing firms don't frown upon the authorization of a loan for a self-employed borrower, especially if the property or home has the potential to create revenue, and the person has demonstrated experience in real estate management, in addition to an exit strategy and the fiscal means to handle the terms. In addition, a down payment of some kind is going to be expected, whether by means of cash or using home equity within the property. As compared to conventional lending institutions like banks, privately held lending institutions require less forms and documents, making private real estate investment loans in Grand Island fast closing.

For a number of real estate investors, the preexisting equity in a property or home is often a great way to get money for other impending real estate projects or to improve the overall level of money they have on hand. As one example, a married couple located near Lake Michigan in a tourist area purchased a bank-owned investment home for $600,000. They spent $150,000 on renovations, and subsequently put the property to use as a B&B providing short-term accommodations. It was then appraised at $1.2 million by a 3rd party appraisal professional.

The property supplied a net income of $120k per year. A bad credit score of 460 made it nearly impossible to work with an old-fashioned bank to recover their personal investment of $150k. Read Rock Capital (Read Rock Capital) supplied a real estate investor loan at 65% LTV, providing the couple $780,000, and helping them get back the capital they originally put into the project.

Investors that want to perform a cash-out refinance to take advantage of the equity in their homes to purchase more properties can also go with real estate investor loans. Imagine somebody who acquires a property in Grand Island and remodels it, but simply cannot sell it thanks to changed circumstances. His investment dollars are trapped within this house, due to which he may miss the chance for many other investment possibilities. Conventional lending institutions like banks demand the borrower to have held the home for a minimum of 1 year. But Read Rock Capital can approve a cash-out refi up to 70% loan-to-value, as calculated by the appraised as-is valuation of the house, even when the residence is uninhabited.

Read Rock Capital understands that the financing needs of an investor in real estate are different from that of a conventional homebuyer. Your quest for the ideal Grand Island real estate investment loan comes to an end right here. Submit the contact form on this page or get in touch with us via phone to discuss which kind of investment property loan will be ideal for your property or properties.

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