Many real estate investors benefit from investment property financing to purchase an investment property or to get refinancing for an existing investment. Having access to Southampton, Massachusetts investment property loan offerings at the appropriate time, with the proper loan structure, duration and lending rate, can help real estate investors keep going on their route to financial success.

Being a real estate investor in Southampton in need of funding alternatives, you will be interested to find out that investment home mortgages are not merely easy to get approved for, but in addition are fast closing. Though many banks think twice about offering funds to a self-employed person, privately held lending firms will not have a problem granting a mortgage, as long as the home has the potential to generate income, the person has prior experience investing in and managing real estate ventures, and he has got a well thought out exit strategy and the financial capability to satisfy the terms of the financing. The person needs to be able to put a down payment on the home or unlock some preexisting equity. Having a lesser amount of form-filling and documentation in comparison with regular bank loans, fast closing private real estate investment loans in Southampton, Massachusetts also offer applicants an advantage over their competition.

Real estate investors who have excess equity inside their properties can utilize it for additional real estate purchases or to enhance their amount of working capital. By way of example, there was this husband-and-wife couple that acquired a bank-auctioned house at a price of $600,000 in a trendy tourist spot close by Lake Michigan. They spent $150,000 on improvements, and subsequently put the property to use as a B&B offering short-term accommodations. It was then appraised at $1.2 million by a third-party professional appraiser.

The couple received $120,000 per year net off the home. A bad credit score of 460 made it almost impossible to use a traditional bank to recuperate their personal investment of $150k. Read Rock Capital (Read Rock Capital) approved a real estate investor loan at 65% loan-to-value, providing the couple $780,000, and helping them unlock the money they put into the project at the outset.

Real estate investor loans are furthermore effective for individuals who opt to perform a cash-out refi to take equity out of their investment properties and use it for putting money down on other properties. Consider when an investor purchases a rundown house in Southampton and fixes and flips it, but is not able to sell it right away. His cash is locked inside this house, stopping him from utilizing it for other types of investments. Traditional finance companies, such as banks, mandate the individual to have owned the property for one year. But Read Rock Capital can approve a cash-out refi all the way to 70% LTV, depending on the appraised as-is valuation of the property, even if the residence is unoccupied.

Read Rock Capital knows that the capital needs of an investor in real estate are not the same as that of a typical homebuyer. So in case you are searching for the ideal lender who can explain to you your various options about Southampton real estate investment loans, look no further. Complete the form or call us and let's discuss what sort of investment property loan might be ideal for your project.