Real Estate Investment Loans in Concord
Investment property financing is an ideal option for individuals thinking about purchasing a new investment property or getting refinancing for a current property. With the right Concord investment property loan, in conjunction with optimal financing provisions and lending rates, real estate investors can readily move up the success ladder.
As a real estate investor in Concord looking for funding alternatives, you will be pleased to find out that investment home mortgages are not only easy qualifying, but in addition are fast closing. Unlike banks, privately held lending firms tend not to frown upon the approval of a loan for a self-employed applicant, especially if the property can generate revenue, and the person has proven experience in real estate management, in addition to a well thought-out project plan and the fiscal capability to fulfill the loan terms. Additionally, a down payment of some kind would be needed, either by means of hard cash or using equity within the property. Compared with typical finance companies like banks, private lending companies ask for much less paperwork, making private real estate investment loans in Concord fast closing.
Real estate investors who have excess equity inside their real estate holdings can put it to use towards further real estate ventures or to increase their working capital. For instance, there was this husband-and-wife duo that acquired a bank-auctioned home for $600k in a well-known tourist area near Lake Michigan. They invested $150,000 in upgrading and remodeling the house, after which they started a B&B rental and the appraised valuation went up to $1.2 million.
The net annualized cash flow received from the home added up to $120,000/year. A weak credit score of 460 meant it was nearly impossible to utilize a standard bank to recuperate their personal investment of $150k. However, Island View Private Loan Fund (IVPLF) managed to do a real estate investor loan for them at 65% LTV, enabling them to take back the capital they had personally used on the house.
Real estate investors who would like to do a cash-out refinance to take advantage of the equity inside of other properties to invest in additional properties can also opt for real estate investor loans. Imagine someone purchases a distressed home in Concord and fixes and flips it, but is not able to sell it off quickly. His financial resources are trapped inside this home, which means that he may miss the chance for a number of other opportunities. Banks or other traditional loan providers will not approve a cash-out refi if the applicant has held the property less than one year. But IVPLF can grant a cash-out refinance as much as 70% LTV, depending on how much the home appraises for, even if the home is unoccupied.
As a real estate investor, you need a lender who can appreciate your various funding requirements. So if you have been in search of the ideal lender that can explain to you your choices concerning Concord real estate investment loans, your search is over. Fill out the form on this page or call us and let's discuss what sort of investment property loan is going to be suitable for your project.