Real Estate Investment Loans in Rochester

Numerous real estate investors work with investment property financing to buy an investment property or to get refinancing for an existing property. Access to Rochester investment property loan programs at the right time, with a suitable loan structure, time period and lending rate, will help real estate investors carry on down the route to success.

Real estate investors in Rochester will be delighted to hear that investment home mortgages, apart from being painless to qualify for, are also fast closing. In contrast to banks, private financing firms will not frown upon the approval of a loan for a self-employed applicant, especially if the property will be able to create income, and the person has demonstrated experience in real estate operations, together with a detailed plan for the project and the financial capability to fulfill the terms. The individual will need to either be able to afford an advance payment or be prepared to utilize the equity inside the property. With much less form-filling and documentation compared with regular bank loans, fast closing private real estate investment loans in Rochester also give people an edge over their competitors.

Many real estate investors use the equity within their real estate holdings as a way to raise money for buying additional investment homes or simply to give a boost to on-hand cash. As in the story of a prior Island View borrower who purchased a bank-auctioned property in a touristy area near Lake Michigan at a cost of six hundred thousand dollars. They performed renovations worth $150,000, after which the home, which was being operated as a bed-and-breakfast, was professionally appraised at $1.2M.

The couple received $120k/year net off of the property. A bad credit score of 460 made it nearly impossible to utilize an old-fashioned bank to recover their personal investment of $150k. However, Island View Private Loan Fund (IVPLF) was able to do a real estate investor loan for them at 65% loan-to-value, enabling them to free up the cash they had personally used on the property.

Real estate investor loans are moreover effective for people who elect to perform a cash-out refi to use equity from their real estate holdings for putting money down on other investment properties. Picture an investor friend you know who purchases a house in Rochester and remodels it, but simply cannot sell it thanks to changed circumstances. His financial resources are locked inside this property, which can cause him to miss the chance for a number of other investment possibilities. Most normal loan companies, along the lines of a bank, are not going to say yes to a cash-out refinance if the customer has not yet owned the home for a minimum of 1 year. But even when the property is vacant and waiting around for someone to buy it, IVPLF is still able to do a cash-out refi of as much as 70% LTV of the as-is valuation of the asset.

At IVPLF, we fully grasp that a person's needs as a real estate investor may vary greatly. Your research for the right Rochester real estate investment loan comes to a conclusion here. Submit the contact form or give us a call to talk about which investment property loan will be suitable for the property you have in mind.

Request More Information

A loan specialist will be in touch shortly

Personal Info

Project Info

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