Today there are just as many types of financing options as there are investors seeking to be financed. As the real estate and mortgage landscape continues to evolve lenders have stepped up to serve a variety of niche markets within the Investment Property bucket of products.
Investor's are no longer confined to the restraints of Conventional Loan requirements (although many investment property's are still purchased with Conventional financing). Below are just some of the more popular Investment Property Financing options, what works best for you may not be what works best for the next investor so it is always best to discuss your options with Loan Officer experienced with investment property's and loans for investors.
Conventional financing generally comes with more requirements and documentation although rates tend to be a bit lower and there are no prepayment penalties. Learn more about Conventional Financing for investments.
DSCR or Debt Service Coverage Ratio loans enable an investor to qualify based on the subject property without documenting income or other properties owned. Learn more about DSCR Loans.
Fix & Flip loans are for short hold investor's looking to finance a purchase (and/or repairs). Terms generally start at 6 months and last up to 18 months. Learn more about Fix & Flip Loans.
Construction loans are different from Fix & Flip loans as the property usually requires much more work or is even a ground up construction. Find out more about Construction Loans.
Sometimes we just need a little time. Bridge loans enable investors to purchase a new property with a short term (usually 12 months) while waiting for the capital from another investment. Find out more about Bridge Loans.
Not sure what the right loan is for your next project? Give me a call to discuss your scenario!
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Robert St. John | NMLS #1578510 | Barrett Financial Group, L.L.C. | NMLS #181106 | 2300 W. Sahara Avenue Suite 800 Office 806, Las Vegas, NV 89102 | AZ 0904774 | CA 60DBO-46052 & 41DBO-148702 Licensed by Dept. of Financial Protection & Innovation under the California Residential Mortgage Lending Act. Loans made or arranged pursuant to a California Financing Law License | NV 5091 | Equal Housing Opportunity | This is not a commitment to lend. All loans are subject to credit approval. | nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/181106 | barrettfinancial.com
Your Loan Officer, St. John