Many real estate investors use private real estate financing to acquire a new home, or update or refinance an existing one. Unlike loans from banks, Menomonee Falls private mortgage loans are fast closing, easy qualifying and available to self-employed customers.

It means that even if your credit score just went through the wringer, you still have a good chance of obtaining private money for a real estate loan assuming that your project is viewed to be profitable, you have adequate money reserved for the down payment, you have proven yourself competent in past real estate projects, you have considerable equity contained in the property or home or you can show a legitimate plan to pay back the balance of the loan. Furthermore, if you're searching for a fast closing, you won't find any alternatives better than Menomonee Falls private real estate mortgages.

Most real estate professionals turn to Menomonee Falls private mortgage lenders when:

1. They are searching for funds to remodel a property and put it up for sale for a higher price or to rent it out at a higher monthly amount.

   One example is a customer who operated a two-family rental. He had already built up adequate equity available in the building and the rent payments was a routine income source. He wanted to do some renovation to the place to help maintain high rents, but a below average credit score of 520 meant a bank would doubtless turn down the loan application. When he contacted Read Rock Capital to obtain financing, we were pleased to complete a cash-out refinance for 65% of the house's valuation.

2. They need to combine each of their financial debts into a single payment.

   Countless debts with a variety of lending rates are often too much to handle and difficult to keep track of. In order to make the situation more manageable, some people combine all of their unsecured debts into just one loan with only one payment per month.

3. They want to use the equity available in an existing house to work on a different real estate project.

   To provide an example, a customer in Hawaii owned his residence which was valued at $1.2M. When he failed to secure a buyer for the home, he inked a lease-option-to-buy arrangement with an interested party. The income that stemmed from the rent covered his ongoing mortgage payment, home owner's insurance, and property taxes. The renter additionally gave two hundred thousand dollars towards a non-refundable down payment as he signed the three year contract. Using these assurances to cover the property's monthly payments on a regular basis, he phoned Read Rock Capital to obtain a 70% LTV private mortgage loan for his upcoming purchase of an investment property. This means that he could make his down payment for the new property, and also help with his current mortgage.

4. The balloon payment for a prior mortgage is owed soon and they are not able to pay it.

   If an unexpected mishap hinders a person from making his balloon payment deadline, he could find a different mortgage lender to refinance. A cash-out refinance helps you pay the balloon payment and escape fines.

Looking for a private mortgage lender in Menomonee Falls to finance your investment purchase? Submit the contact form on this page or give us a call to discuss the property or properties you have in mind.