Real Estate Investment Loans in Bow
Countless real estate investors use investment property financing to purchase an investment property or to refinance a current property. Having access to Bow investment property loan solutions at the proper time, with the proper loan conditions, time period and interest rate, will help real estate investors keep going on their route to success.
Real estate investors in Bow are going to be very happy to hear that investment home mortgages, apart from being easy to qualify for, are also fast closing. Although many banks think twice about offering funds to a self-employed individual, private financing institutions will not have an issue providing funding, assuming that the home has a strong likelihood of generating revenue, the person has prior experience investing in and managing real estate projects, and he has a well thought out exit strategy and the financial ability to meet the terms of the financing. Aside from that, a deposit of some type will be needed, whether by means of cash or utilizing equity in the property. Due to significantly less form-filling and paperwork in contrast with standard bank financing, fast closing private real estate investment loans in Bow also offer people an advantage over their competitors.
For numerous real estate investors, the preexisting equity locked within a property is often an easy way to get capital for upcoming property purchases or to raise the amount of money they have on hand. As in the case of a previous Island View borrower who purchased a bank-owned piece of real estate in a touristy area next to Lake Michigan at a cost of six hundred thousand dollars. They spent $150,000 on renovations, and subsequently used the home as a bed-and-breakfast offering short-term accommodations. It was then assessed at $1.2 million by a third-party professional appraiser.
The net annualized cash flow received from the property amounted to $120k/year. Their substandard credit score of 460 meant it was unlikely that a bank would help them get back their personal investment in the house by refinancing the existing mortgage loan. A real estate investor loan at 65% LTV with Island View Private Loan Fund (IVPLF) handed the couple $780,000 and helped them recover their personal cash from the property.
Real estate investor loans are also an excellent solution for those who want to do a cash-out loan refinance to release their existing equity for various other ventures. Picture an investor friend you know who acquires a property in Bow and repairs it and brings it up to date, but simply cannot flip it due to altered circumstances. With his capital trapped in this specific property, he ultimately ends up missing all sorts of other real estate investment opportunities whose timing he cannot predict. Banks or other traditional financial institutions will not agree to a cash-out refi if the borrower has held the house for less than a full year. But IVPLF can grant a cash-out refi up to 70% LTV, as calculated by the appraised as-is value of the property, even when the property is uninhabited.
As a real estate investor, you want a loan company who is able to appreciate your diverse funding needs. If you're looking for a lender who is aware of your needs and can present you with dependable guidance regarding your Bow real estate investment loan choices, you've discovered the ideal place. Submit the form on this page or call us to discuss which investment property loan might be most suitable for your property or properties.