A large number of real estate investors make use of investment property financing to purchase an investment property or to get refinancing for an existing property. The right Stillwater investment property loan, with favorable provisions and interest rates, can help real estate investors achieve their goals.

Investment home mortgages, being fast closing and easy to qualify for, give Stillwater real estate investors tremendous benefits. Even though most banks hesitate to loan capital to a self-employed borrower, privately held lending institutions have no issues providing a loan, provided that the home has the potential to generate income, the borrower is an experienced real estate investor and manager, and he offers a well thought out exit strategy and the fiscal ability to meet the mortgage terms. Aside from that, a deposit of some type is going to be needed, either offered as cash or using equity within the property. Because private loan providers generally need much less paperwork than banks and government organizations, private real estate investment loans in Stillwater don't take nearly as much time compared to standard loans and close fast.

Real estate investors who've built up extra equity inside their properties can utilize it for additional real estate ventures or to enhance their amount of working capital. As in the story of a past Island View client who purchased a bank-owned home in a touristy area on Lake Michigan at a cost of six hundred thousand dollars. They performed renovations for $150,000, and after that the home, which was being run as a B&B, was valued at $1.2M according to a qualified appraiser.

The home provided net earnings of $120,000/year. But having a poor credit rating of 460, there was no way they could obtain a loan with a conventional bank to recoup their $150,000 personal expenditure. A real estate investor loan at 65% LTV with Read Rock Capital (Read Rock Capital) handed the couple $780,000 and helped them recover their personal cash from the property.

Real estate investor loans can also be a superb choice for individuals who want to do a cash-out loan refinance to release their existing equity for other real estate transactions. Picture somebody who purchases a home in Stillwater and fixes it up, but can't flip it because of altered circumstances. With his capital tangled in this specific project, he ultimately ends up losing out on all kinds of other real estate investment opportunities whose timing he can't predict. Conventional finance companies, such as banks, mandate the applicant to have owned the home for a minimum of one year. However, Read Rock Capital can do a cash-out refi all the way to 70% loan-to-value determined by the as-is valuation of the property as established by a qualified appraiser, even when the home is unoccupied and waiting around to sell.

As a real estate investor, you want a lender who is able to appreciate your unique funding requirements. So if you are searching for the ideal lender who is able to advise you concerning Stillwater real estate investment loans, look no further. Fill out the contact form on this page or call us and let's talk about which investment property loan is going to be suitable for the property or properties you have in mind.