Investment property financing is an ideal choice for investors considering the purchase of a new investment property or refinancing an existing home or commercial building. Having access to Rochester investment property loan solutions at the proper time, with the proper loan framework, time period and rate, will help real estate investors continue on their route to financial prosperity.

As a real estate investor in Rochester in search of funding options, you will be happy to hear that investment home mortgages aren't just easy qualifying, but are also fast closing. Even though the majority of banks are reluctant to lend funds to a self-employed individual, privately owned financing firms will have no issues approving a mortgage, as long as the home or property has the potential to generate revenue, the borrower has done similar projects in the past, and he provides a planned exit strategy and the financial capacity to satisfy the mortgage terms. The individual should be willing to put a down payment on the property or unlock some existing equity. Because privately owned lending institutions normally need a lot less paperwork than banks and government agencies, private real estate investment loans in Rochester do not take as much time compared to traditional mortgages and close fast.

Many real estate investors use the equity within their real estate holdings as an option to generate funds to buy additional investment properties or purely to boost on-hand cash. By way of example, there was a husband-and-wife pair who acquired a bank-sold house at a price of $600,000 in a popular tourist destination near Lake Michigan. They invested $150,000 in improvements, and subsequently used the home as a B&B providing short-term accommodations. It was then appraised at $1.2 million by a 3rd party appraisal professional.

The total annualized income derived from the home added up to $120,000 per year. A weak credit score of 460 made it almost impossible to use a traditional bank to recuperate their personal expenditure of $150k. Even so, Read Rock Capital (Read Rock Capital) was able to complete a real estate investor loan for them at 65% LTV, letting them take back the capital they had personally put into the project.

Those who wish to perform a cash-out refi to utilize the equity in their investment properties to purchase more properties may also choose real estate investor loans. Picture an investor friend you know who acquires a property in Rochester and fixes it up, but can't sell it due to changed circumstances. His working capital is locked in this home, which may cause him to miss out on many other business opportunities. Banks or other customary financial institutions won't say yes to a cash-out refinance if the individual has owned the property for under 12 months. On the contrary, Read Rock Capital is capable of doing a cash-out refi up to 70% LTV based on the as-is price tag of the property as determined by a qualified appraiser, even while the house is unoccupied and waiting around to sell.

Read Rock Capital recognizes that the capital needs of a real estate investor are distinct from that of a conventional homebuyer. Your research for a suitable Rochester real estate investment loan stops right here. Fill out the form on this page or call us and let's discuss what kind of investment property loan is going to be ideal for your property.