Private Real Estate Mortgages in Green Bay

Private real estate financing entails finding a short-term mortgage via a private company or individual person to be able to buy, perform improvements on or refinance a home or property. Green Bay private mortgage loans have many advantages — they are fast closing, easy qualifying and additionally, are available to self-employed individuals.

This is very good news for real estate investors considering that a person with bad credit can qualify for private money for a real estate loan provided that he has a promising project, he has plenty of cash for a downpayment, he has proven himself capable in the real estate market, and has a preplanned exit strategy. Combined with fast closings of just fourteen days, private real estate mortgages in Green Bay are an ideal choice for ambitious real estate investors.

Mostly, clients rely on Green Bay private mortgage lenders to supply capital for their real estate activities when:

  1. They need money to repair a house and sell it at a higher price point or to up the lease amount for tenants.

    As an example, one of our clients owned a duplex. At the time, he retained a significant amount of equity available in the building and the rent checks brought in a steady cash flow. Though a few remodeling work to the place may have helped him charge more rent, a bank would undoubtedly have turned down the loan application, since his credit score was down at 520. Shortly after he got into contact with Read Rock Capital to obtain a mortgage, we were glad to do a cash-out refinance at 65% of the home's assessed value.

  2. They would like to combine debts.

    Many people find that it's stressful to deal with countless payments every month. This is why some people opt to make use of the equity available in their residence to combine their outstanding debts into only one private mortgage with a single monthly payment.

  3. They prefer to release the existing equity in one property and use it to purchase a different one.

    By way of example, one of our previous customers located in Hawaii had a house appraised at more than one million dollars. When he could not secure a buyer for the house, he agreed to a lease-option-to-buy arrangement with an interested party. The rent amount was enough to handle the cost of his monthly mortgage bill, taxes and insurance payments. In addition, he was given a two hundred thousand dollars non-refundable downpayment for the 3-year agreement. Having these sureties to take care of the property's foreseeable bills, he stumbled on another great real estate investment opportunity and got into contact with Read Rock Capital for a private mortgage loan nearly seventy percent of the home's estimated value. This means that he could make the downpayment for his next investment, and also repay his current mortgage.

  4. They want assistance to meet the balloon payment for a previous private loan.

    A person who invests in real estate and already has an existing private mortgage and cannot pay for the balloon payment caused by a change of circumstances can apply for refinancing from another lender. A refinance will help him avoid missing the cut-off date for the balloon payment and steer clear of any fines.

Looking for a private mortgage lender in Green Bay to finance your investment purchase? Submit the contact form or get in touch with us via phone and let's talk about the property you have in mind.

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Investment property loans only please, no primary residences at this time.