Real Estate Investment Loans in Portsmouth

Investment property financing is a good choice for many people shopping for an investment property or refinancing a preexisting one. The right Portsmouth investment property loan, with suitable provisions and lending rates, will help real estate investors in accomplishing their goals.

Real estate investors in Portsmouth are going to be very happy to hear that investment home mortgages, apart from being easy to be approved for, are additionally fast closing. In contrast to banks, private financing companies will not pooh-pooh authorizing a loan to a self-employed borrower, particularly if the property or home has the potential to generate income, and the client has proven practical experience in real estate operations, in addition to a detailed plan for the project and the fiscal capability to satisfy the loan terms. Additionally, a down payment of some sort would be needed, whether in the form of cash or utilizing equity within the property. Because privately held loan companies usually need much less paperwork compared with banks and government bureaus, private real estate investment loans in Portsmouth do not take nearly as much time compared with conventional loans and close fast.

Many real estate investors utilize the equity in their properties as an option to raise money to buy more investment properties or purely to boost on-hand cash. Such as the story of a previous Island View borrower who bought a bank-owned property in a tourist town on Lake Michigan for six hundred thousand dollars. They spent $150,000 on renovations, and afterwards put the property to use as a B&B offering short-term accommodations. It was then appraised at $1.2 million by a 3rd party appraisal professional.

The net annualized cash flow received from the home added up to $120,000 per year. A weak credit score of 460 meant it was almost impossible to work with an old-fashioned bank to recuperate their personal expenditure of $150k. Yet, Island View Private Loan Fund (IVPLF) managed to complete a real estate investor loan for them at 65% LTV, letting them free up the money they had personally dedicated to the project.

Real estate investor loans are also an excellent solution for people who would like to do a cash-out refi to unlock their existing equity for various other real estate transactions. Imagine someone purchases a distressed home in Portsmouth and renovates and flips it, but is not able to sell it off quickly. His capital is stuck in this project, stopping him from utilizing it for other projects. Most traditional lending companies, such as a bank, are not going to agree to a cash-out refinance if the customer has not owned the house for at least 1 year. But regardless of whether the property is empty and sitting around for someone to buy it, IVPLF can still complete a cash-out refinance of up to 70% loan-to-value of the as-is value of the asset.

IVPLF is aware that the lending needs of an investor in real estate are different from that of an ordinary home buyer. Your quest for the best Portsmouth real estate investment loan stops here. Submit the form on this page or get in touch with us via phone and let's talk about what sort of investment property loan would be best for your project.

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  • Investment property loans only please, no primary residences at this time.