Real Estate Investment Loans in Lima

A number of real estate investors work with investment property financing to purchase an investment property or to get refinancing for an existing home or building. Access to Lima investment property loan programs at the right time, with the proper loan structure, term and interest rate, will help real estate investors continue on the path to financial prosperity.

As a real estate investor in Lima searching for funding options, you will be happy to find out that investment home mortgages aren't only easy qualifying, but in addition are fast closing. Private lenders, as opposed to a majority of banks, will provide money to an individual who is a self-employed applicant, assuming that the investment will bring in a reliable income, and the person is knowledgeable in real estate management, and offers a well-defined exit strategy and demonstrates the financial capacity to pay back the money. Additionally, a deposit of some kind would be required, whether by means of cash or using equity in the property. Due to a lesser amount of form-filling and paperwork when compared to conventional bank financing, fast closing private real estate investment loans in Lima also offer people an advantage over their competitors.

Many real estate investors utilize the equity in their properties as an option to raise cash for purchasing more investment properties or simply to strengthen their on-hand cash. For instance, there was a husband-and-wife duo who obtained a bank-auctioned house at a cost of $600k in a well-known tourist spot on Lake Michigan. They did some improvements that cost $150,000, and after that the home, which was being operated as a B&B, was professionally appraised at $1.2M.

The property supplied net earnings of $120k per year. But having a poor FICO score of 460, there wasn't any way they could work out a loan with a conventional bank to recoup the $150,000 personal expenditure. Read Rock Capital (Read Rock Capital) approved a real estate investor loan at 65% LTV, supplying them $780,000, and allowing them to unlock the cash they initially put into the project.

Real estate investor loans are furthermore good for those who choose to perform a cash-out refi to use equity from their investment properties for putting money down on other homes. Imagine an investor friend you know who acquires a house in Lima and repairs it and brings it up to date, but can't flip it because of changed circumstances. His capital is locked in this house, stopping him from making use of it for other types of projects. Customary lenders, such as banks, require the individual to have held the property for a year. But Read Rock Capital can authorize a cash-out refinance as high as 70% loan-to-value, depending on how much the home appraises for, even when the property is unoccupied.

At Read Rock Capital, we recognize that an individual's wants and needs as a real estate investor may vary significantly. Your quest for the right Lima real estate investment loan ends here. Fill out the form or call us and let's discuss what sort of investment property loan might be best for your property.

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