Whether you’re an experienced real estate investor or a first-time house flipper, you need a private real estate loan to fund your transaction. Both conventional lenders and private financers offer private real estate mortgage loans to investors. However, traditional lenders have stringent guidelines that often conflict with real estate investment goals. For this reason, they aren’t always a reliable source for real estate financing.
Red Rock Capital is a leading nationwide lender in private real estate financing because we provide the benefit of speed and the ability to secure loans for both long term investment and short-term improvement oriented projects. If you search private real estate lenders near me, you will find most offering short-term, interest-only loans with more flexibility than traditional lenders.
Red Rock Capital Benefits
1. Quick Approval & Funding
We understand the urgency often associated with a private real estate loan. It’s because of this reason that our firm has developed a highly efficient way to process, underwrite, and close your loan. Solid real estate investment opportunities are most often short-lived and offered on a first come first served basis. Time and speed often make the difference between getting a property under contract or missing out.
2. Less Collateral Requirement
Red Rock Capital is one of the few private real estate lenders who have done away with stringent collateral requirements. We offer more flexibility and often higher leverage than most other lenders in the industry. With us, you can rest assured that you will get your desired loan amount.
3. Investor Friendly Terms & Conditions
Obtaining private money for real estate has never been more convenient and straightforward as it is now at Red Rock Capital. The easy to understand loan requirements reflect our true business objective which is to help investors close their loan. Transparency, attention to detail and great service are all hallmarks of Red Rock Capital’s commitment to its clients. We often have the ability to tailor loan conditions for real estate investors that may need additional creativity to obtain a loan from us. This may include providing additional properties as collateral or having a cosigner/partner also sign for a loan. We know our loan criteria very well and our borrowers benefit from the transparency and competency our team provides.
4. Local Lending
With Red Rock Capital, you have the advantage of local lending.While we do lend in 40+ states, we have done so for over 15 years, hence we understand the complexities of region-specific and state-specific real estate transactions.
Also, we have an eye on the changing trends of property investment. We know when you need a private real estate loan, how much finance you need, and your credit score.
5. Maintain Transparency
Red Rock Capital has emerged as the biggest lender of private loans for rental property because of our transparent process. We maintain transparency in the process so you don’t have any surprises. Everything is given in writing so you know how much you need to pay to process your loan application.
6. Creditworthiness Doesn’t matter
Often people search for private real estate investors near me when their credit is less than perfect. Red Rock Capital is your choice for this type of financing and we can work with most all types of credit. Typically, a lower credit score will result in a higher interest rate and lower loan amount offered. That said, we can still assist with this type of loan scenario. There also may be options for a co-signer or business partner that may help you qualify for more favorable terms. Ultimately, we want our loans to help maximize each investor we provide funding for.