Real Estate Investment Loans in Guilford

Investment property financing is a great alternative for people thinking about buying a new investment property or getting refinancing for a previous one. Getting access to Guilford, Connecticut investment property loan programs at the appropriate time, with the right loan structure, term and rate, can aid real estate investors to keep going on their path to achieving success.

Investment home mortgages, since they are fast closing and easy to be approved for, offer Guilford real estate investors incredible benefits. Private loan providers, contrary to a lot of banks, will provide funds to an individual who is a self-employed borrower, provided the investment project is able to bring in cash flow, and the person is knowledgeable in real estate management, and provides a well-defined exit plan and shows the fiscal ability to pay off the financing. Additionally, a down payment of some sort would be needed, either offered as hard cash or utilizing equity within the property. Due to much less form-filling and documentation in contrast with traditional bank funds, fast closing private real estate investment loans in Guilford, Connecticut also offer applicants an advantage over their competition.

For many real estate investors, the existing equity in a property can be a good way to raise money for other impending real estate projects or to increase the amount of money they have on hand. For instance, there was a husband-and-wife couple who obtained a bank-auctioned property for $600k in a well-known tourist destination close by Lake Michigan. They did some improvements that cost $150,000, and after that the home, which was being managed as a B&B, was valued at $1.2M according to a certified appraiser.

The home provided a net cash flow of $120,000 per year. A lousy credit score of 460 made it nearly impossible to utilize a standard bank to recover their personal investment of $150k. However, Read Rock Capital (Read Rock Capital) managed to complete a real estate investor loan for them at 65% LTV, letting them take back the cash they had personally put into the property.

Real estate investor loans are also a fine choice for those who would like to do a cash-out refinance to release their existing equity for other ventures. Picture an investor friend you know who purchases a home in Guilford and remodels it, but cannot flip it thanks to changed circumstances. His investment dollars are trapped within this property, which can cause him to miss out on many other investment possibilities. Banks or other traditional financial institutions will not say yes to a cash-out refinance if the individual has held the property less than 12 months. But no matter if the property is unoccupied and waiting around for a purchaser, Read Rock Capital is still able to issue a cash-out refi all the way to 70% LTV of the as-is value of the premises.

Read Rock Capital knows that the capital needs of a real estate investor are distinctive from that of a conventional home buyer. If you're trying to find a lender who knows your needs and can present you with straight answers about your Guilford real estate investment loan options, you have come to the ideal place. Fill out the form or get in touch with us via phone to talk about which investment property loan might be suitable for the property you have in mind.

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