Real Estate Investment Loans in Auburn

Investment property financing is a solid choice for individuals thinking about purchasing a new investment property or refinancing a prior property. With the proper Auburn, Massachusetts investment property loan, in addition to suitable financing provisions and rates, real estate investors can quickly scale the success ladder.

Being a real estate investor in Auburn in search of lending alternatives, you'll be happy to know that investment home mortgages are not only painless qualifying, but are also fast closing. Privately owned mortgage lenders, as opposed to most banks, will offer funds to a person who is a self-employed applicant, provided the property is able to bring in a reliable income, and the applicant has experience in real estate projects, and offers a well-defined exit plan and displays the fiscal capacity to repay the financing. The individual will also want to either have the funds for an advance payment or be prepared to use the home equity in their property. Since private mortgage companies usually need less paperwork than banks and government organizations, private real estate investment loans in Auburn, Massachusetts do not take nearly as much time when compared with conventional loans and close fast.

Real estate investors who may have excess equity inside of their properties can utilize it towards further real estate ventures or to increase their working capital. To illustrate, a married couple who lived near Lake Michigan in a tourist region bought a bank-owned investment property for $600k. They invested $150,000 in upgrading and renovating the residence, and after that they started a bed-and-breakfast rental and the appraised value went up to $1.2 million.

The property produced net earnings of $120,000 per year. But with a low credit rating of 460, there wasn't any way they could work out a loan with a traditional bank to reclaim their $150,000 personal investment. Yet, Read Rock Capital (Read Rock Capital) managed to do a real estate investor loan for them at 65% loan-to-value, letting them get back the capital they had personally used on the project.

Real estate investor loans can also be an excellent option for those who would like to do a cash-out loan refinance to unlock their preexisting equity for other types of ventures. Consider when someone acquires a rundown house in Auburn and renovates and flips it, but is not able to sell it off quickly. His investment dollars are locked within this project, which can cause him to lose out on numerous other opportunities. Banks or other customary loan providers won't agree to a cash-out refinance if the applicant has owned the home for less than one year. But no matter if the property is empty and waiting for a buyer, Read Rock Capital is still able to administer a cash-out refinance of as much as 70% LTV of the as-is value of the asset.

Read Rock Capital recognizes that the funding needs of a real estate investor are not the same as that of a normal home buyer. So if you happen to be in search of the ideal lender who can give you advice about Auburn real estate investment loans, your search is over. Fill out the contact form or get in touch with us via phone and let's discuss which kind of investment property loan would be best for your property or properties.

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