Private Real Estate Mortgages in Waianae

Private real estate financing means getting a short-term loan through a privately owned company or individual person to be able to purchase, perform improvements on or refinance a home or property. In contrast to bank loans, Waianae private mortgage loans close fast, are easy to qualify for and accessible to self-employed borrowers.

Thus, while you might don't have great credit, having a promising opportunity, a sizeable down payment, prior real estate experience, and an intelligible exit strategy are a great deal more relevant when it comes to being qualified for private money for a real estate loan. Furthermore, if you want a fast closing, there are no better options than Waianae private real estate mortgages.

Frequently, customers confer with Waianae private mortgage lenders to lend money for their endeavors when:

  1. They're in search of capital to remodel a home and offer it for sale for a higher price or to rent it out for more money.

    E.g. one of our borrowers owned a twin-home / duplex. He previously built up sufficient equity in the building and the rent was a regular income source. He sought to perform some modifications to the units in order to maintain high rents, but a below average credit score of 520 meant a bank would undoubtedly turn down the loan request. When he approached Read Rock Capital for a loan, we were glad to do a cash-out refinance for 65% of the duplex's assessed value.

  2. They would like to combine their debts.

    Multiple outstanding debts with varying interest rates are incredibly overwhelming and tough to keep an eye on. To successfully put together a more workable situation, some people consolidate their financial debts into one single line of credit with only one payment per month.

  3. They would like to use the equity within an existing home and property to work on another real estate investment.

    One of Island View's customers in Hawaii owned a property valued at $1.2 million. His plans to sell the house did not work out and he finally was forced to settle for leasing the property to an interested party, with the option to purchase it at a future date. The rent checks were enough to cover his monthly mortgage payment, taxes and insurance payments. He also received a $200k non-refundable deposit for the 3-year contract. Using these assurances to handle the property's monthly payments on a recurring basis, he called Read Rock Capital to obtain a 70% loan-to-value private mortgage loan to aid in his subsequent purchase of an investment property. The financing helped him cover the cost of a different investment property and in addition, deal with his original mortgage.

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

    If an unforeseen event hinders someone from making his balloon payment deadline, he could seek out another company to refinance. A refinance can help him avoid missing the due date for the balloon payment and avoid fees and penalties.

Intending to discuss mortgage options with a private mortgage lender in Waianae? Enter your info into the contact form or call us to discuss the property or properties you have in mind.

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