Investment property financing is a good option for investors thinking about purchasing an investment property or refinancing a current home or commercial building. The right Methuen investment property loan, with optimal conditions and interest rates, will assist real estate investors in achieving their objectives.

Real estate investors in Methuen will be very happy to know that investment home mortgages, in addition to being painless to qualify for, are in addition fast closing. Though most banks hesitate to provide funds to a self-employed individual, privately held financing companies will have no problem approving funding, so long as the investment project has the potential to generate revenue, the applicant has experience investing in and managing real estate projects, and he has got a well thought out exit strategy and the fiscal capability to satisfy the mortgage terms. The individual will need to either be able to pay for a down payment or be prepared to utilize the home equity in the property. When compared with typical lending institutions like banks, privately held mortgage lenders require much less paperwork, making private real estate investment loans in Methuen fast closing.

For a lot of real estate investors, the existing equity locked within a property can be quite a good way to raise money for other impending real estate projects or to raise the amount of money available to them. For example, a married couple living close to Lake Michigan in a tourist region purchased a bank-owned investment property for $600,000. They sunk $150,000 into transforming and renovating the residence, after which they started a B&B rental and the appraised value increased to $1.2 million.

The net annualized revenue received from the home added up to $120,000 per year. A lousy credit score of 460 made it almost impossible to use a standard bank to recuperate their personal expenditure of $150k. A real estate investor loan at 65% LTV with Read Rock Capital (Read Rock Capital) gave the couple $780k and helped them recoup their personal cash from the home.

Real estate investors who would like to do a cash-out refinance to utilize the equity inside of other homes to invest in more properties can also choose real estate investor loans. Think about the situation of an individual who obtains a fix-and-flip property in Methuen, completes the appropriate renovations, but struggles to locate a buyer for it. His money is stuck in this house, stopping him from utilizing it for other types of projects. Most normal lending institutions, along the lines of a bank, won't agree to a cash-out refinance if the borrower hasn't held the house for a minimum of a year. But Read Rock Capital can grant a cash-out refinance of up to 70% LTV, depending on the appraised as-is value of the house, even if the residence is vacant.

Read Rock Capital realizes that the financing needs of an investor in real estate are distinct from that of an ordinary homebuyer. So if you are hoping to discover a suitable lender who can inform you of your various options about Methuen real estate investment loans, look no further. Enter your info into the form or call us and let's talk about which kind of investment property loan will be best for your property.