Private real estate financing gives assistance to real estate investors who want to buy, fix up or refinance a home or property utilizing a short-term mortgage loan from a private business or an individual. Whereas conventional lenders such as banks will require an extended, drawn out application process and are more than likely to be reluctant to give money to a self-employed customer, private mortgage loans in Dalton close fast and are easy qualifying.

That's good news for investors because even anyone with lousy credit can apply for private money for a real estate loan assuming that he has a promising deal, he has plenty of money for a down payment, he has shown himself capable in real estate, and has a good exit strategy. And having fast closings of just 2 weeks, private real estate mortgages in Dalton may very well be the right solution for ambitious real estate investors.

Normally, investors approach a private mortgage lender in Dalton when:

1. They are searching for funds to fix up a home and property and sell it for a much higher price or to rent it out for more money.

   E.g. a past investor owned a twin-home / duplex. At the time, he had a good deal of equity in the property and the rent brought in a steady cash flow. He sought to perform some renovation to the units to be able to maintain high rents, but a below average credit score of 520 meant that a bank would doubtless turn down the mortgage request. Accordingly, he turned to Read Rock Capital to do a cash-out refinance and got a loan at 65% LTV.

2. They need to merge all their financial debts into a single payment.

   The majority of people know how stressful it is to make countless payments on a monthly basis. To make the situation more manageable, people merge each of their unsecured debts into only one line of credit with just one monthly payment.

3. They would like to take advantage of the existing equity within a current house to do a different real estate project.

   For instance, one of Island View's past clients in Hawaii had a house appraised in excess of one million dollars. When he could not procure a buyer for his home, he inked a lease-option-to-buy deal with someone. The money that came from the lease contract took care of his monthly mortgage payment, home owner's insurance, and taxes. In addition, he was given a $200k non-refundable downpayment for the three year agreement. With these sureties taking care of the home's expenses on an ongoing basis, he contacted Read Rock Capital to get a seventy percent LTV private mortgage loan to help with his upcoming investment. The loan helped him pay for a new investment as well as repay his primary mortgage.

4. The balloon payment for a prior loan is owed soon and they cannot afford it.

   If an unexpected mishap stops a borrower from meeting his balloon payment deadline, he could contact an alternative company to refinance. A cash-out refinance will help you make the balloon payment and escape penalty.

Hoping to find a private mortgage lender in Dalton to finance your real estate investment? Enter your info into the contact form on this page or get in touch with us via phone to talk about the project you have in mind.