Real Estate Investment Loans in Grafton

Investment property financing is commonly used by people as a temporary method to acquire a residential or commercial investment property or to get refinancing for an existing investment. Getting access to Grafton, Massachusetts investment property loan offerings at the proper time, with suitable loan conditions, term and interest rate, can help real estate investors carry on down the path to financial prosperity.

Real estate investors in Grafton may be happy to learn that investment home mortgages, in addition to being painless to be approved for, are also fast closing. Even though the majority of banks are reluctant to give money to a self-employed individual, privately owned financing institutions will not have an issue authorizing a mortgage, provided that the investment project has a strong likelihood of generating 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 capacity to satisfy the terms of the financing. The borrower should either be able to pay for a deposit or be prepared to make use of the equity in their property. Due to significantly less form-filling and documentation in comparison with conventional bank funds, fast closing private real estate investment loans in Grafton, Massachusetts also give people an edge over their competition.

For many real estate investors, the preexisting equity in a house is definitely an easy way to get money for upcoming real estate projects or to raise the amount of money available to them. By way of example, there was a husband-and-wife couple that obtained a bank-auctioned property for $600,000 in a trendy tourist spot close by Lake Michigan. They did some improvements that cost $150,000, after which the home, which was being run as a bed-and-breakfast, was professionally appraised at $1.2M.

The home supplied net earnings of $120,000 per year. A bad credit score of 460 meant it was almost impossible to work with an old-fashioned bank to recuperate their personal investment of $150k. Yet, Read Rock Capital (Read Rock Capital) managed to do a real estate investor loan for them at 65% LTV, enabling them to take back the cash they had personally put into the property.

Real estate investor loans are furthermore effective for individuals who choose to perform a cash-out refinance to use equity from their investment properties for making down payments on additional properties. Look at the situation of a person who buys a fix-and-flip property in Grafton, completes the necessary renovations, but is struggling to locate someone to buy it. His capital is trapped within this home, precluding him from utilizing it for other projects. Customary lenders like banks mandate the applicant to have held the property for at least one year. Conversely, Read Rock Capital is capable of doing a cash-out refi all the way to 70% LTV according to the as-is value of the home as established by a professional appraiser, even when the residence is vacant and waiting around to sell.

At Read Rock Capital, we fully understand that your wants and needs as an investor in real estate may vary greatly. Your quest for a suitable Grafton real estate investment loan comes to an end right here. Submit the contact form or give us a call and let's discuss what sort of investment property loan would be best for your project.

Request More Information

A loan specialist will be in touch shortly

Personal Info

Project Info

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