Banks rarely offer non recourse residential mortgages for security reasons. This type of loan leaves lenders vulnerable to losses if the real estate investors default on their loans and their collateral proves insufficient to repay the loan in full. Banks won’t finance your property if you don’t fit into their criteria. Red Rock Capital will finance your property despite the risk associated with the loan being non recourse. Also, we will be quick to approve your loan so you can move ahead with your real estate investment plan without hassle.
How Does Red Rock Capital Provide Non Recourse Loans?
Red Rock Capital is a private lender with a depth of experience in supporting real estate investment ventures for Self-Directed IRA holders. We provide non recourse residential mortgages to all investors including both institutional and individual investors. Since we aren’t subject to banks lending requirements, we are able to offer loan terms and conditions in a less stringent and common sense way for financing non recourse loans. We can pre-approve a loan within a one business day and provide borrowers confident in making an offer on the property they are interested in purchasing. Also, we advise all types of real estate investors to take advantage of Red Rock Capital’s unique and accommodating loan programs.
Our Non Recourse Home Loan Advantages
1. Limit Your Personal Liability
We believe you will repay your loan instalments on time. While you may be a first-time real estate investor, it doesn’t mean you aren’t serious about maximising your investment plans. Red Rock Capital’s non recourse residential mortgages are developed for investors like you. We only need acceptable real estate collateral to secure our funds to help you acquire the investment property that you’d like. In the unlikely event you default on your loan repayment, you will only loose the home’s collateral but won’t be personally liable for any additional shortage of funds should the loan amount exceed the property value.
2. Liberty To Use Funds
Red Rock Capital non recourse residential mortgages are for all needs related to real estate investment. Whether you want to use the funds for renovation or your investment property or for buying a rental property, you are free to use the funds according to your plans. For Cash-out transaction, all cash-out funds must be used for business and/or investment purposes only.
3. Assurance Of Funding
Red Rock Capital assures real estate investors of non recourse residential mortgages because the attention to detail our staff provides for the loan pre-approval process ensures a smooth and straightforward loan underwriting and closing experience. Our sales team are experts in knowing our programs and what our firm can offer for financing. When we provide a Letter of Intent for your loan, the terms and costs outlined are exactly what you can expect at closing. We also outlined in detailed writing our underwriting criteria for loan qualifying up-front so you know exactly what is needed to be eligible for our financing. This is one of the many reasons why real estate investors choose Red Rock Capital over and over again for their financing needs.
4. Flexible Payment Options
Red Rock Capital offers non recourse residential mortgages with flexible payment options. We want you to remain stress-free so you can grow your real estate investment portfolio and write off your loan quickly. Our qualified sales team can also help strategize with you which loan program may be most beneficial for what you are seeking to accomplish. Together, we can assist in growing your real estate investment portfolio. Red Rock Capital provides both interest only options and full long term principal and interest terms.