Investment property financing is widely used by investors as a short-term tool to acquire a commercial or residential investment property or to get refinancing for an existing home or building. Getting access to Limestone investment property loan offerings at the appropriate time, with a suitable loan structure, time period and rate, will help real estate investors continue on their path to success.

Real estate investors in Limestone may be happy to find out that investment home mortgages, as well as being easy to be approved for, are also fast closing. Contrary to banks, privately owned financing institutions tend not to frown upon approving a loan to a self-employed person, particularly if the investment project will be able to create cashflow, and the person has demonstrated experience in real estate management, along with a detailed plan for the project and the financial means to handle the terms. The person will need to either have enough money for a deposit or be prepared to make use of the equity inside the property. When compared to conventional finance companies like banks, privately owned mortgage companies require significantly less paperwork, making private real estate investment loans in Limestone fast closing.

Lots of real estate investors use the equity in their properties as an option to generate money for buying additional investment homes or to increase the stockpile of their on-hand cash. For instance, there was a husband-and-wife duo that acquired a bank-sold house for $600k in a popular tourist destination close by Lake Michigan. They invested $150,000 in transforming and remodeling the residence, and after that they turned it into a B&B rental and the appraised value increased to $1.2 million.

The net annualized income derived from the property added up to $120k/year. Their substandard credit score of 460 meant it was much less likely for a bank to help them recover their personal investment in the property by refinancing the existing loan. Read Rock Capital (Read Rock Capital) authorized a real estate investor loan at 65% loan-to-value, giving the couple $780,000, and allowing them to unlock the money they initially put into the property.

Real estate investors who would like to complete a cash-out refi to take advantage of the equity in their properties to buy more properties may also go with real estate investor loans. Imagine an investor acquires a rundown house in Limestone and fixes and flips it, but is not able to sell it right away. His cash is trapped inside this house, precluding him from utilizing it for other projects. Most ordinary loan companies, such as a bank, are not going to consent to a cash-out refi if the individual has not yet held the home for at least one year. But even when the property is uninhabited and waiting for a purchaser, Read Rock Capital is still able to do a cash-out refinance all the way to 70% loan-to-value of the as-is valuation of the asset.

Read Rock Capital understands that the funding needs of a real estate investor are distinctive from that of a conventional home buyer. If you're in search of a lender who knows your criteria and can give you dependable guidance concerning your Limestone real estate investment loan choices, you've arrived at the right place. Enter your info into the contact form on this page or get in touch with us via phone and let's discuss what type of investment property loan will be best for the project you have in mind.