Investment property financing is widely used by investors as an interim tool to buy a commercial or residential investment property or to refinance a current property. With the right Palm Beach Gardens, Florida investment property loan, in addition to suitable financing terms and rates, real estate investors can easily scale the ladder of success.

Real estate investors in Palm Beach Gardens may be very happy to know that investment home mortgages, besides being easy to qualify for, are additionally fast closing. Although most banks hesitate to lend funds to a self-employed client, privately owned financing firms have no issues approving financing, assuming that the house has a strong likelihood of generating income, the person has undertaken similar projects before, and he provides a planned exit strategy and the fiscal capacity to meet the mortgage terms. The person needs to be able to put a deposit for the property or free up some preexisting equity. Having a lesser amount of form-filling and documentation when compared with regular bank funds, fast closing private real estate investment loans in Palm Beach Gardens, Florida also offer borrowers an advantage over their competition.

Real estate investors who have excess equity inside of their real estate holdings can make use of it for further real estate ventures or to enhance their amount of working capital. As one example, a husband and wife who lived close to Lake Michigan in a tourist region bought a bank-owned investment home for six hundred thousand dollars. They invested $150,000 in upgrading and renovating the house, and after that they turned it into a bed-and-breakfast rental and the appraised valuation went up to $1.2 million.

The couple received $120,000/year net from the home. But with a poor credit score of 460, there wasn't any way they would be able to work out a loan with a traditional bank to reclaim their $150,000 personal investment. However, Read Rock Capital (Read Rock Capital) managed to complete a real estate investor loan for them at 65% loan-to-value, enabling them to get back the money they had personally dedicated to the property.

Real estate investor loans can also be an excellent alternative for investors who would like to do a cash-out loan refinance to release their existing equity for various other real estate transactions. Imagine an investor friend you know who purchases a house in Palm Beach Gardens and fixes it up, but simply cannot flip it because of changed circumstances. His capital is locked inside this house, stopping him from making use of it for other types of projects. Most traditional lending companies, along the lines of a bank, will not say yes to a cash-out refi if the individual has not owned the house for less than 12 months. Conversely, Read Rock Capital can do a cash-out refi up to 70% LTV based upon the as-is valuation of the house as established by a licensed appraiser, even when the property is empty and waiting to be sold.

At Read Rock Capital, we fully understand that a person's wants and needs as a real estate investor may vary dramatically. So in case you are trying to find the right lender who is able to explain to you your choices regarding Palm Beach Gardens real estate investment loans, your search is over. Fill out the contact form or give us a call to discuss what kind of investment property loan would be best for your project.