Real Estate Investment Loans in Raymond

Investment property financing is an ideal choice for many people thinking of buying an investment property or refinancing a prior one. The right Raymond investment property loan, with ideal conditions and rates, can assist real estate investors in realizing their objectives.

Investment home mortgages, being fast closing and easy to be approved for, give Raymond real estate investors considerable benefits. Privately held mortgage companies, in contrast to a majority of banks, will give money to someone who is a self-employed applicant, assuming that the property or home is able to bring in a reliable income, and the person is knowledgeable in real estate projects, and provides a clear-cut exit strategy and displays the financial ability to pay back the borrowed funds. The applicant should be ready to put a deposit for the property or home or free up some existing equity. Due to less form-filling and paperwork in comparison to regular bank funds, fast closing private real estate investment loans in Raymond also offer applicants an edge over their competition.

For many real estate investors, the preexisting equity in a property is often a great way to raise money for upcoming property purchases or to raise the amount of cash they have on hand. For example, a married couple living near Lake Michigan in a tourist region bought a bank-owned investment home for $600k. They performed renovations which set them back $150,000, and afterwards the property, which was being run as a B&B, was evaluated at $1.2M as determined by a certified appraiser.

The total annualized revenue made from the home amounted to $120,000/year. But with a low FICO score of 460, there wasn't any chance they would be able to work out a loan with a regular bank to recoup their $150,000 personal investment. A real estate investor loan at 65% loan-to-value with Island View Private Loan Fund (IVPLF) handed the couple $780k and helped them recover their personal cash from the project.

Investors who want to do a cash-out refi to make use of the equity in other homes to buy additional properties can also go with real estate investor loans. Picture an investor friend you know who acquires a house in Raymond and repairs it and brings it up to date, but can't sell it due to altered circumstances. With his cash caught up in this house, he winds up missing all sorts of other real estate investment opportunities whose timing he cannot predict. Most standard lending institutions, including banks, are not going to approve a cash-out refi if the applicant hasn't owned the home for less than 12 months. But even if the property is unoccupied and waiting around for someone to buy it, IVPLF can still do a cash-out refi all the way to 70% LTV of the as-is valuation of the premises.

IVPLF realizes that the capital needs of an investor in real estate are completely different from that of a normal home buyer. Your research for a suitable Raymond real estate investment loan ends right here. Enter your info into the contact form on this page or call us and let's discuss which investment property loan is going to be most suitable for the project you have in mind.

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