Real Estate Investment Loans in Arlington Heights

A number of real estate investors use investment property financing to obtain an investment property or to refinance a current investment. The appropriate Arlington Heights investment property loan, with favorable terms and interest rates, will assist real estate investors in accomplishing their goals.

Being a real estate investor in Arlington Heights in search of lending alternatives, you may be happy to know that investment home mortgages aren't just easy qualifying, but are also fast closing. Compared with banks, privately owned financing companies do not frown upon authorizing a loan to a self-employed applicant, especially if the house will be able to generate income, and the individual has proven practical experience in real estate operations, in addition to a well thought-out project plan and the fiscal ability to satisfy the terms. Aside from that, a down payment of some sort would be needed, whether by means of hard cash or using equity in the property. Because private loan providers usually require less forms and documents compared with banks and government bureaus, private real estate investment loans in Arlington Heights don't take nearly as much time in comparison with standard mortgages and close fast.

Countless real estate investors utilize the equity locked within their real estate holdings as a way to raise funds to buy additional investment homes or purely to increase the stockpile of their on-hand cash. As in the case of a previous Island View borrower who purchased a bank-owned home in a tourist destination near Lake Michigan for six hundred thousand dollars. They sunk $150,000 into upgrading and renovating the residence, after which they turned it into a bed-and-breakfast rental and the appraised valuation increased to $1.2 million.

The net annualized income made from the home added up to $120,000 per year. But with a low FICO score of 460, there was no way they could work out a loan with a conventional bank to reclaim the $150,000 personal investment. Read Rock Capital (Read Rock Capital) supplied a real estate investor loan at 65% loan-to-value, providing the couple $780k, and allowing them to get back the investment capital they put into the project at the outset.

People that want to do a cash-out refinance to take advantage of the equity in other investment properties to invest in more properties can also go for real estate investor loans. Look at the scenario of an individual who obtains a fix-and-flip property or home in Arlington Heights, does the necessary renovations, but struggles to find someone to buy it. His capital is locked in this house, precluding him from using it for other types of investments. Most ordinary loan institutions, along the lines of a bank, will not approve a cash-out refi if the borrower hasn't owned the house for a minimum of a year. But no matter if the property is empty and waiting for a purchaser, Read Rock Capital can still do a cash-out refi up to 70% LTV of the as-is value of the asset.

As an investor in real estate, you want a lender who can fully grasp your diverse funding needs. If you're trying to find a loan provider who knows your expectations and can give you straight answers about your Arlington Heights real estate investment loan options, you have found the perfect place. Fill out the contact form on this page or call us and let's discuss which investment property loan might be most suitable for your property or properties.

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