Real Estate Investment Loans in Washington DC

Investment property financing is utilized by investors as a temporary tool to obtain a residential or commercial investment property or to refinance a current home or building. The ability to access Washington DC investment property loan offerings at the right time, with the proper loan framework, duration and rate, can assist real estate investors to carry on down their road to financial success.

Being a real estate investor in Washington DC trying to find lending alternatives, you might be happy to learn that investment home mortgages are not merely easy to qualify for, but in addition are fast closing. Though the majority of banks hesitate to give capital to a self-employed client, privately held financing institutions will have no issues providing funding, as long as the house has a strong likelihood of generating a profit, the applicant has prior experience investing in and supervising real estate ventures, and he provides a planned strategy for an exit and the financial capability to satisfy the terms of the financing. Aside from that, a down payment of some sort would be expected, either by means of hard cash or utilizing home equity within the property. As compared to traditional banks, private lending companies require a lot less forms and documents, making private real estate investment loans in Washington DC fast closing.

Real estate investors who have excess equity inside their real estate holdings can make use of it for additional real estate purchases or to strengthen their amount of working capital. By way of example, there was a husband-and-wife couple who obtained a bank-sold home for $600k in a well-known tourist spot close by Lake Michigan. They invested $150,000 in remodeling, and afterwards 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 property produced net earnings of $120,000/year. A lousy credit score of 460 meant it was almost impossible to utilize a standard bank to recover their personal investment of $150k. Island View Private Loan Fund (IVPLF) supplied a real estate investor loan at 65% LTV, giving them $780k, and helping them get back the money they originally put into the property.

Those who wish to complete a cash-out refi to utilize the equity in their investment properties to buy more properties can also opt for real estate investor loans. Imagine an investor buys a rundown home in Washington DC and renovates and flips it, but is not able to sell it off straightaway. His funds are locked in this home, which means that he may lose out on numerous other business opportunities. Banks or other customary loan providers are not going to agree to a cash-out refinance if the person has had the property less than a year. However, IVPLF is capable of doing a cash-out refi up to 70% loan-to-value determined by the as-is price tag of the property as calculated by a professional appraiser, even while the home is empty and waiting to sell.

IVPLF understands that the funding needs of an investor in real estate are not the same as that of a regular homebuyer. Your quest for the most suitable Washington DC real estate investment loan comes to a conclusion right here. Fill out the contact form or call us to talk about what kind of investment property loan might be most suitable for your property.

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