Real Estate Investment Loans in Scott

Investment property financing is a good choice for real estate investors thinking about buying a new investment property or refinancing a current property. Access to Scott investment property loan offerings at the appropriate time, with suitable loan conditions, time period and rate, will help real estate investors carry on down their road to achieving success.

Real estate investors in Scott may be very happy to know that investment home mortgages, in addition to being easy to qualify for, are additionally fast closing. While many banks hesitate to provide funds to a self-employed person, private lending institutions will not have a problem authorizing financing, provided that the home or property has a strong likelihood of generating income, the person has working experience investing in and managing real estate projects, and he offers a well thought out exit strategy and the financial capacity to meet the mortgage terms. The individual should either have the funds for an advance payment or be okay with working with the home equity inside their property. As compared to typical finance companies like banks, privately held lending companies ask for a smaller amount of forms and documents, making private real estate investment loans in Scott fast closing.

For a lot of real estate investors, the existing equity locked within a home can be a good way to generate money for other impending property purchases or to boost the overall level of money available to them. As one example, a couple located near Lake Michigan in a tourist destination bought a bank-owned investment property for six hundred thousand dollars. They invested $150,000 in transforming and renovating the residence, after which they turned it into a bed-and-breakfast rental and the appraised value increased to $1.2 million.

The net annualized income received from the property added up to $120,000/year. But with a low credit rating of 460, there was no way they would be able to work out a loan with a conventional bank to recoup the $150,000 personal investment. A real estate investor loan at 65% LTV with Read Rock Capital (Read Rock Capital) handed the couple $780,000 and made it so they could recoup their personal cash from the property.

Those who would like to perform a cash-out refinance to take advantage of the equity in other homes in order to buy more properties may also go for real estate investor loans. Suppose someone acquires a distressed home in Scott and fixes and flips it, but is unable to sell it off quickly. His money is locked within this project, stopping him from using it for other types of investments. Customary lending institutions like banks demand the individual to have held the home for a minimum of 12 months. But Read Rock Capital can approve a cash-out refinance of up to 70% loan-to-value, as calculated by how much the property appraises for, even when the property is uninhabited.

Read Rock Capital recognizes that the funding needs of a real estate investor are more advanced than that of an ordinary home buyer. Your quest for the right Scott real estate investment loan comes to a conclusion right here. Submit the form on this page or give us a call to talk about what kind of investment property loan will be most suitable for your property or properties.

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