Should Real Estate Investors consider the use of both Flexible Institutional and/or “Non Bank” Private Money Loans to fund Investments and pay the typically higher Loan Rates, Points, and Fees? Here are several reasons why it may be prudent to be creative and make the deal!.
*When speed can mean the difference in closing a deal or not, often a RE Equity based loan can be used!
*When needed to meet an immediate “Gap” or Bridge funding request, so the cost of money is higher for the risk.
*These loans are often less expensive than taking on a Partner!
*The investor is taking title in an entity such as a Trust, LLC or Non-Profit.
*The Investor is self employed and maybe doesn’t have a long employment history
*The Investor doesn’t want to be involved in a long Qualification and Documentation process
*The Investor feels todays Private “Non Bank” Money offers better short term solutions and pricing than family and friends money.
*The residential property is uninhabitable which prevents many banks from lending on.
*The investor needs to pull equity from one property to invest in another.
Dan Cassel and the Trinity Mortgage Brokers team deliver many Loan Solutions to accelerate your Investments and improve cash flow.