Private Real Estate Mortgages in Ewa Beach

Private real estate financing entails getting a short-term mortgage via a private company or individual as a way to purchase, carry out improvements on or refinance a home. Ewa Beach private mortgage loans have many advantages — they are fast closing, have minimal eligibility requirements and are also available for self-employed applicants.

Meaning that even if your credit score recently went through the wringer, you've still got a high probability of getting private money for a real estate loan so long as your project is deemed to be profitable, you have sufficient money reserved for the downpayment, you have proven yourself competent in past real estate investments, you have sizeable equity in the home or property or you have an intelligible plan to pay off the loan. What's more, the fast closing Ewa Beach private real estate mortgages ensure that you get funding right away, allowing you to close a deal within 2-3 weeks.

Ordinarily, clients pay a visit to Ewa Beach private mortgage lenders to fund their real estate ventures when:

  1. They would like to remodel or repair the property or home to be able to sell it at an increased price or to charge higher rents.

    To illustrate, a past borrower had a duplex. At the time, he had plenty of equity in the building and the rent payments delivered steady income. Though several improvements to the property may have enabled him to charge higher rent, a bank would most likely have turned down his mortgage request, since he had a credit score of merely 520. Accordingly, he reached out to Read Rock Capital to obtain a cash-out refinance and received financing at 65% LTV.

  2. They need to combine personal debts.

    Most people know how stressful it is to manage multiple payments on a monthly basis. Due to this fact, some individuals do a loan against their home equity to merge all of their financial debts into a single manageable payment.

  3. They wish to capitalize on the existing equity in their existing house to do a different real estate investment.

    To provide an example, a homeowner in Hawaii had a home appraised at $1,200,000. His idea was to sell the house but it never transpired and he eventually was forced to settle for leasing the place to an interested party, with the option to purchase it at a later time. The rent amount was sufficient to pay for his monthly mortgage payment, taxes and cost of homeowner's insurance. The tenant also put $200,000 towards a non-refundable downpayment when he signed the 3-year lease contract. Having this collateral to take care of the home's foreseeable expenses, he came across a new investment opportunity and approached Read Rock Capital for a private mortgage loan close to seventy percent of the property's appraised value. This gave him ample capital to use for a down payment on his next property, but additionally helped him pay off the current mortgage.

  4. They need help to meet the balloon payment for a previous private loan.

    If an unexpected event hinders a person from making his balloon payment due date, he could approach a different company to refinance. A cash-out refinance can help the borrower complete the balloon payment and evade consequences.

Searching for a private mortgage lender in Ewa Beach to fund your real estate investment? Fill out the contact form or call us and let's discuss your property or properties.

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.