Real Estate Investment Loans in Easton

Investment property financing is a good alternative for investors thinking about purchasing a new investment property or refinancing an existing one. Having access to Easton, Massachusetts investment property loan offerings at the appropriate time, with the right loan conditions, duration and interest rate, will help real estate investors keep going on their route to achieving success.

Real estate investors in Easton will be happy to know that investment home mortgages, apart from being easy to be approved for, are additionally fast closing. Though most banks think twice about providing capital to a self-employed individual, private lending institutions have no problem approving a mortgage, as long as the property has the potential to generate revenue, the borrower has successfully done similar projects in the past, and he has a well thought out strategy for an exit and the fiscal capacity to fulfill the terms of the financing. The person should be prepared to put a down payment on the home or utilize existing equity. Due to much less form-filling and paperwork compared with standard bank funds, fast closing private real estate investment loans in Easton, Massachusetts also give applicants an advantage over their competitors.

Real estate investors who have excess equity inside of their properties can put it to use towards additional real estate ventures or to increase their working capital. For instance, there was a husband-and-wife duo who acquired a bank-auctioned property at a cost of $600,000 in a well-known tourist area on Lake Michigan. They did some improvements that cost $150,000, after which the home, which was being operated as a bed-and-breakfast, was evaluated at $1.2M as determined by a qualified appraiser.

The net annualized income received from the property added up to $120,000 per year. Their below average credit score of 460 made it unlikely that a bank would help them recover their personal investment in the property by refinancing the previous mortgage. However, Read Rock Capital (Read Rock Capital) managed to complete a real estate investor loan for them at 65% loan-to-value, letting them get back the money they had personally invested in the house.

Real estate investor loans are also great for people who select to do a cash-out refinance to take equity out of their investment properties and use it for making down payments on additional properties. Imagine someone acquires a distressed home in Easton and renovates and flips it, but is not able to sell it quickly. With his cash stuck in this home, he winds up missing out on many other real estate investment opportunities whose timing he can't predict. Typical lenders, such as banks, necessitate the borrower to have held the house for a minimum of one year. On the contrary, Read Rock Capital can do a cash-out refi all the way to 70% loan-to-value determined by the as-is value of the property as confirmed by a professional appraiser, even when the residence is vacant and waiting to sell.

As an investor in real estate, you need to have a loan provider who is able to appreciate your distinct funding needs. Your research for the ideal Easton real estate investment loan comes to an end here. Enter your info into the contact form or call us and let's talk about what kind of investment property loan might be ideal for your property or properties.

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