A large number of real estate investors take advantage of investment property financing to purchase an investment property or to get refinancing for a current investment. With the proper Easton, Connecticut investment property loan, together with ideal financing provisions and rates, real estate investors can readily move up the success ladder.

Real estate investors in Easton may be happy to find out that investment home mortgages, in addition to being easy to qualify for, are additionally fast closing. Though many banks hesitate to loan capital to a self-employed individual, private lending companies will have no problem authorizing a mortgage, assuming that the home has the potential to generate a profit, the person is an experienced real estate investor and manager, and he has got a well thought out exit strategy and the financial ability to fulfill the terms of the financing. The borrower will also want to either have funds available for an advance payment or be okay with utilizing the home equity within their property. Because privately owned mortgage companies ordinarily require less paperwork than banks and government bureaus, private real estate investment loans in Easton, Connecticut take less time compared with conventional lending options and close fast.

Real estate investors who have excess equity inside their real estate holdings can utilize it towards further real estate purchases or to enhance their amount of working capital. Such as the case of a past Island View borrower who purchased a bank-owned piece of real estate in a touristy area near Lake Michigan for six hundred thousand dollars. They performed renovations worth $150,000, and afterwards the home, which was being managed as a B&B, was valued at $1.2M as determined by a licensed appraiser.

The home produced net earnings of $120k/year. Their below average credit score of 460 made it much less likely for a bank to aid them in retrieving their personal investment in the property by doing a refi on the existing mortgage. Yet, Read Rock Capital (Read Rock Capital) was able to do a real estate investor loan for them at 65% LTV, enabling them to take back the cash they had personally invested in the project.

Real estate investor loans are also good for people who opt to perform a cash-out refi to use equity from their real estate holdings for making down payments on additional homes. Picture an investor friend you know who purchases a property in Easton and repairs it and brings it up to date, but cannot sell it thanks to altered circumstances. His money is stuck inside this project, preventing him from using it for other types of projects. Most normal loan companies, including banks, are not going to consent to a cash-out refi if the borrower has not owned the property for a minimum of 12 months. But Read Rock Capital can grant a cash-out refi of up to 70% LTV, depending on the appraised as-is value of the property, even if the house is unoccupied.

Read Rock Capital is aware that the lending needs of a real estate investor are distinctive from that of a conventional home buyer. So in case you are searching for a suitable lender who is going to inform you of your options about Easton real estate investment loans, look no further. Fill out the form on this page or give us a call and let's discuss which kind of investment property loan might be best for your property.