Real Estate Investment Loans in Cincinnati

Investment property financing is widely used by people as a short-term tool to buy a residential or commercial investment property or to refinance an existing property. Access to Cincinnati investment property loan programs at the right time, with the proper loan structure, time period and lending rate, can assist real estate investors to continue on the path to financial prosperity.

Being a real estate investor in Cincinnati in need of financing alternatives, you'll be interested to find out that investment home mortgages aren't only painless to qualify for, but are also fast closing. While many banks hesitate to provide money to a self-employed customer, privately held financing institutions will have no problem providing funding, so long as the home or property has the potential to generate revenue, the person has experience investing in and running real estate ventures, and he offers a well thought out strategy for an exit and the fiscal ability to meet the mortgage terms. The individual will need to either have funds available for a down payment or be okay with working with the home equity in the property. Having a lesser amount of form-filling and paperwork in contrast to standard bank financing, fast closing private real estate investment loans in Cincinnati also give applicants an advantage over their competitors.

For numerous real estate investors, the preexisting equity in a home can be a great way to get capital for other impending property purchases or to improve the overall level of capital available to them. By way of example, there was this husband-and-wife pair that obtained a bank-sold house for $600k in a well-known tourist spot on Lake Michigan. They invested $150,000 in upgrades, and subsequently used the home as a B&B providing short-term lodging. It was then appraised at $1.2 million by a third-party professional appraiser.

The net annualized cash flow derived from the home amounted to $120,000 per year. But having a low credit rating of 460, there wasn't any chance they would be able to work out a loan with a regular bank to recoup the $150,000 personal expenditure. Read Rock Capital (Read Rock Capital) supplied a real estate investor loan at 65% loan-to-value, giving them with $780k, and allowing them to unlock the money they initially put into the scheme.

People who would like to perform a cash-out refi to make use of the equity in other investment properties to purchase additional properties can also opt for real estate investor loans. Look at the scenario of any person who obtains a fix-and-flip property in Cincinnati, does the necessary renovations, but is unable to find someone to buy it. His cash is stuck inside this home, stopping him from making use of it for other types of projects. Customary lenders, such as banks, require the borrower to have held the home for at least a year. But Read Rock Capital can approve a cash-out refi all the way to 70% loan-to-value, depending on the appraised as-is valuation of the house, even when the residence is unoccupied.

At Read Rock Capital, we know that your needs as an investor in real estate can vary significantly. Your research for a suitable Cincinnati real estate investment loan comes to an end here. Complete the form on this page or call us to talk about which kind of investment property loan might be most suitable for the property or properties you have in mind.

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