Real Estate Investment Loans in Madisonville

Numerous real estate investors use investment property financing to obtain an investment property or to get refinancing for an existing property. The ability to access Madisonville investment property loan offerings at the right time, with the proper loan conditions, duration and interest rate, can aid real estate investors to keep going on their road to financial success.

Investment home mortgages, being fast closing and easy qualifying, supply Madisonville real estate investors with considerable advantages. Although many banks are reluctant to provide capital to a self-employed client, privately owned lending institutions will have no issues authorizing a loan, provided that the investment project has the potential to generate revenue, the borrower has working experience investing in and running real estate projects, and he offers a planned strategy for an exit and the financial capability to satisfy the terms of the financing. The person must be willing to put a deposit on the property or home or free up some existing equity. Due to less form-filling and paperwork in contrast to traditional bank financing, fast closing private real estate investment loans in Madisonville also offer borrowers an advantage over their competition.

Real estate investors who may have excess equity inside of their properties can make use of it for further real estate ventures or to enhance their amount of working capital. For instance, there was this husband-and-wife couple who obtained a bank-sold house at a cost of $600,000 in a popular tourist area close by Lake Michigan. They performed renovations for $150,000, after which the home, which was being run as a B&B, was professionally appraised at $1.2M.

The total annualized income received from the property amounted to $120k per year. A bad credit score of 460 meant it was almost impossible to work with an old-fashioned bank to recover their personal investment of $150k. Read Rock Capital (Read Rock Capital) supplied a real estate investor loan at 65% loan-to-value, supplying the couple with $780,000, and helping them get back the money they initially put into the property.

Real estate investor loans are also good for those who choose to do a cash-out refi to take equity out of their investment properties and use it for making down payments on other investment properties. Imagine an investor friend you know who purchases a property in Madisonville and repairs it and brings it up to date, but can't sell it due to altered circumstances. His investment dollars are stuck inside this project, which may cause him to lose out on numerous other investment possibilities. Banks or other customary financial institutions will not agree to a cash-out refinance if the person has held the property for less than a full year. Conversely, Read Rock Capital is able to do a cash-out refi all the way to 70% LTV based upon the as-is price tag of the house as confirmed by a certified appraiser, even while the residence is unoccupied and waiting around to sell.

Read Rock Capital is aware that the financing needs of a real estate investor are different from that of a regular home buyer. So if you happen to be in search of the right lender that can advise you about Madisonville real estate investment loans, your search is over. Fill out the contact form on this page or give us a call to talk about what type of investment property loan might be best for your property.

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.