Real Estate Investment Loans in Lakewood

Numerous real estate investors take advantage of investment property financing to buy an investment property or to get refinancing for an existing investment. Access to Lakewood investment property loan programs at the right time, with the right loan structure, term and interest rate, can aid real estate investors to continue on the road to financial prosperity.

Being a real estate investor in Lakewood in search of financing alternatives, you'll be happy to know that investment home mortgages are not just painless to qualify for, but are also fast closing. Although many banks hesitate to provide capital to a self-employed person, private lending institutions will not have an issue approving a mortgage, assuming that the investment project has the potential to generate income, the applicant has undertaken similar projects before, and he offers a well thought out strategy for an exit and the financial capacity to satisfy the mortgage terms. The person will also want to either have funds available for a deposit or be okay with making use of the equity in their property. Since privately owned mortgage lenders normally require much less paperwork than banks and government bureaus, private real estate investment loans in Lakewood do not take nearly as much time in comparison with standard lending options and close fast.

Real estate investors who have excess equity inside their real estate holdings can utilize it towards additional real estate purchases or to strengthen their amount of working capital. By way of example, there was this husband-and-wife duo who acquired a bank-sold home at a price of $600k in a popular tourist area close by Lake Michigan. They spent $150,000 on renovations, and subsequently used the home as a B&B providing short-term lodging. It was then assessed at $1.2 million by a third-party appraisal professional.

The total annualized cash flow derived from the home amounted to $120,000 per year. Their substandard credit score of 460 meant it was unlikely that a bank would help them recover their personal investment in the property by doing a refi on their existing mortgage. Read Rock Capital (Read Rock Capital) issued a real estate investor loan at 65% LTV, providing the couple $780k, and helping them retrieve the capital they originally put into the home.

Real estate investor loans can also be a superb choice for investors who would like to do a cash-out refinance to release their existing equity for other types of ventures. Imagine someone acquires a rundown home in Lakewood and rehabs and flips it, but is not able to sell it quickly. With his capital caught up in this specific project, he ends up missing numerous other investment opportunities whose timing he cannot predict. Most normal loan companies, including banks, won't consent to a cash-out refi if the customer hasn't owned the house for a minimum of one year. However, Read Rock Capital can do a cash-out refinance up to 70% loan-to-value determined by the as-is valuation of the property as calculated by a professional appraiser, even though the residence is empty and waiting around to sell.

As a real estate investor, you need to have a lender who can fully grasp your various funding requirements. Your search for the most suitable Lakewood real estate investment loan comes to an end right here. Fill out the contact form on this page or get in touch with us via phone to discuss what type of investment property loan might be ideal 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.