Private real estate financing helps investors buy, renovate or refinance a property or home using a short-term mortgage from a private business or an individual. As opposed to bank loans, St Anthony private mortgage loans are fast closing, easy qualifying and offered to self-employed applicants.

That's good news for real estate investors considering that even a person with bad credit can apply for private money for a real estate loan given that he has a promising deal, he has adequate cash for a down payment, he has proven himself competent in past real estate projects, and he has a plan for an exit strategy. Combined with fast closings of just two weeks, private real estate mortgages in St Anthony may very well be the perfect solution for ambitious real estate investors.

Most real estate professionals speak with St Anthony private mortgage lenders when:

1. They would like to update or repair the property or home to be able to market it at an increased price or to ask for higher rents.

   E.g. one of our customers had a twin-home / duplex. He previously built up considerable equity in the house and the rent was a recurring income source. He desired to perform some upgrades to the place so that he could keep his rents high, but a below average credit score of 520 meant that a bank would turn down his loan application. After he got in touch with Read Rock Capital to get a mortgage, we were able to do a cash-out refinance for 65% of the duplex's market value.

2. They wish to consolidate financial debts.

   Multiple debts with different interest rates are very overwhelming and challenging to keep tabs on. In order to make the situation more manageable, people consolidate their financial debts into only one line of credit with just one monthly payment.

3. They want to utilize their property's equity for a different real estate deal.

   By way of example, one of Island View's previous customers in Hawaii had a property appraised at more than a million bucks. His idea was to sell the house but it never transpired and he eventually was forced to be content with leasing the home to an interested party, with the option to buy down the road. The cash that came from the rent took care of his regular mortgage payment, home owner's insurance, and property taxes. The renter also agreed to pay 200k as an advance payment for a three year agreement. Having these assurances to handle the property's expenses on a regular basis, he phoned Read Rock Capital for a seventy percent LTV private mortgage loan to help with his next real estate investment. This let him pay an advance on the deposit for the new property, and furthermore helped with his existing mortgage.

4. They need assistance to meet the balloon payment for the current private loan.

   If an unexpected event stops someone from meeting his balloon payment deadline, he can find a new mortgage lender to refinance. A refinance will help him avoid missing the cut-off date for the balloon payment and steer clear of any penalty charges.

Wanting to meet a private mortgage lender in St Anthony to talk about funding programs for your next project? Enter your info into the contact form on this page or get in touch with us via phone and let's talk about the project you have in mind.