Real Estate Investment Loans in Lenox

Investment property financing is an ideal option for people thinking of buying a new investment property or refinancing a previous property. Access to Lenox, Massachusetts investment property loan programs at the right time, with the proper loan framework, duration and interest rate, can help real estate investors keep going on their path to financial prosperity.

Investment home mortgages, since they are fast closing and easy to be approved for, provide Lenox real estate investors considerable benefits. In contrast to banks, private financing institutions will not frown upon approving a loan to a self-employed individual, especially if the house has the potential to create cashflow, and the client has demonstrated practical experience in real estate operations, together with a detailed plan for the project and the financial capacity to fulfill the loan terms. The person will need to either have the funds for an advance payment or be okay with working with the equity within their property. Due to a lesser amount of form-filling and paperwork when compared with standard bank loans, fast closing private real estate investment loans in Lenox, Massachusetts also give applicants an edge over their competitors.

Countless real estate investors use the equity locked within their properties as a way to obtain cash to buy additional investment homes or purely to give a boost to their on-hand cash. As one example, a husband and wife located near Lake Michigan in a tourist region purchased a bank-owned investment home for $600,000. They sunk $150,000 into upgrading and renovating the house, and after that they started a B&B rental and the appraised value went up to $1.2 million.

The property supplied a net cash flow of $120,000/year. But with a low credit score of 460, there was no chance they could work out a loan with a traditional bank to reclaim their $150,000 personal investment. Yet, Read Rock Capital (Read Rock Capital) managed to do a real estate investor loan for them at 65% loan-to-value, letting them free up the money they had personally used on the project.

Real estate investor loans are also a fine solution for individuals who want to do a cash-out refi to release their preexisting equity for various other real estate transactions. Think about the instance of a person who purchases a fix-and-flip property in Lenox, performs the appropriate renovations, but is unable to find a buyer for it. With his money tangled in this specific house, he ends up missing out on numerous other investment opportunities whose timing he cannot predict. Conventional lenders, such as banks, demand the borrower to have held the home for one year. But Read Rock Capital can authorize a cash-out refinance up to 70% loan-to-value, as calculated by how much the house appraises for, even when the home is vacant.

Read Rock Capital understands that the lending needs of an investor in real estate are not the same as that of a regular homebuyer. Your research for the best Lenox real estate investment loan ends here. Submit the form on this page or give us a call and let's talk about which investment property loan might be suitable for the property you have in mind.

Request More Information

A loan specialist will be in touch shortly

Personal Info

Project Info

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