Our Buy & Hold Loans Set Local Landlords for Years of Profitability
There are different ways to make money in real estate. It’s a misconception to think about hard money loans as financing exclusively for fix and flips. As the market changes, we see more emerging opportunities for real estate investors with longer horizons. Those investors are looking to build long-term wealth by retaining their newly renovated properties instead of selling them. Whether you refer to such transactions as fix and hold, rehab and hold, or fix and rent, our private hard money financing can help you build your real estate portfolio.
How our buy-and-hold loans work:
Our Buy & Hold Loans Help You Acquire Your Future Rental Property
Few banks and traditional lenders lend on properties that are distressed. This is why many dilapidated homes are listed with a disclosure that they are sold as-is and will accept cash offers only. Unless you have enough funds to purchase and rehab a property, you need to look for creative ways to secure that deal. Our private hard money loans are considered equivalent to cash and are based on the after-repair value (ARV) of your property. They allow you to effectively compete with all-cash buyers, cover 100 percent of your purchase price and often contribute to your rehab budget. In real estate, you make money when you buy. Our financing helps you make a winning offer on that promising investment opportunity.
To learn more or to find out if you qualify for a buy-and-hold loan in Maryland, Washington, DC, or Virginia, apply via the button below or over the phone at 240-436-2340.
Our Underwriters Will Held Develop Appropriate Scope of Work for Your Buy & Hold Transaction
A property you are planning to keep as a rental might require a different type of renovation than a house meant for a flip. You might skip on those top-of-the-line fixtures and choose its flooring for its stain-resistance and not flair. You might shift your rehab’s focus from visual appeal to a prospective buyer to durability and low maintenance. Our experienced underwriters will guide you through your rehab process to ensure it’s completed on time, within your budget and with an eye to minimizing your future expenses as a landlord.
We Make Sure Your Refinance Strategy Is Solid & Keeps the Costs of Your Rental Property Low for Years to Come
Our hard money loans are an effective tool to acquire and rehab your future rental property. They assume a risk of loaning 100 percent or more on a distressed property’s current value and provide real estate investors with incredible leverage. However, they are not set up to hold in the long-term. Once your rehab is complete, you must refinance your hard money loan with a traditional lender. Your situation now is entirely different: instead of property in need of repairs, you now have a beautiful home with quite a bit of equity in it. Unless you have issues verifying your income or have low credit scores, refinancing to a low-interest, long-term loan should be a breeze. Our underwriters will work with you to ensure that you have all your ducks in a row. And did we mention that our loans have no pre-payment penalty? That means that you are free to refinance as soon as your repairs are complete.
To learn more or to find out if you qualify for a buy-and-hold loan in Maryland, Washington, DC, or Virginia, apply via the button below or over the phone at 240-436-2340.