Numerous real estate investors turn to private real estate financing to buy a new home, or update or refinance an existing one. As opposed to bank loans, Nebraska private mortgage loans are fast closing, easy qualifying and offered to self-employed applicants.

Meaning that even if you do not have a great credit score, you've still got a high probability of getting private money for a real estate loan as long as your investment is deemed to be profitable, you have sufficient money to put towards the downpayment, you have proven yourself capable in past real estate projects, you have considerable equity contained in the home or you have a clear-cut plan to pay back the loan. And having fast closings of 14 days, private real estate mortgages in Nebraska may very well be the ideal solution for serious real estate investors.

Most often, customers rely upon Nebraska private mortgage lenders to loan money for their real estate ventures when:

1. A remodeling job or restoration will help to sell their property at a much higher price point or ask for extra rent.

   As an illustration, one of our clients operated a 2-unit rental property. He held a great deal of equity available in the building and the rent payments generated routine monthly income. A handful of choice home renovations would undoubtedly help him boost the cost of rent, but having a low credit score of 520, it was highly probable for a bank to turn down the loan application. So he turned to Island View Private Loan Fund for a cash-out refinance and received a loan at 65% LTV.

2. They would like to merge all of their outstanding debts into one single payment.

   A lot of people find it stressful to manage multiple payments every month. Due to this, lots of people borrow from their home equity to consolidate their unsecured debts into one single loan payment.

3. They wish to capitalize on the existing equity in a current property or home to work on an additional project.

   As an example, one of our previous clients in Hawaii had a house appraised at over a million bucks. His plans to sell the house did not work out and he ultimately was forced to settle for leasing the place to someone, with the option to buy at a later date. The rent amount was sufficient to handle the cost of his monthly mortgage bill, taxes and cost of insurance. The renter also went ahead and paid 200k as a deposit for the 3-year contract. Having these assurances to take care of the property's monthly payments on an ongoing basis, he phoned IVPLF to get a seventy percent loan-to-value private mortgage loan to aid in his next purchase of an investment property. Meaning that he was able to make the downpayment for his next property, and also help with his existing mortgage.

4. They need assistance to satisfy the balloon payment for the current mortgage loan.

   A person who invests in real estate and already has an existing private mortgage and is not able to afford the balloon payment as a result of a change in circumstances can apply for refinancing from another loan company. A cash-out refinance will help the person complete the balloon payment and evade consequences.

In search of a private mortgage lender in Nebraska to fund your investment purchase? Fill out the form on this page or call us and let's talk about your property.