New Apartment Building Financing For Credit Challenged Investors
Credit challenged Investor loans for New Apartment Buildings
Multifamily real estate investing is trending, and now new apartment building loans are enabling even credit challenged investors to participate…Of course, we finance great credit sponsors as well..
Multifamily is Still Hot
From coast to coast multifamily housing is in hot demand by both tenants and investors. Boston and New York are seeing their first modular apartment buildings going up, ethical investors are leveraging this sector to fill the desperate need for affordable housing, and builders are switching from sales to rentals.
January 2016 saw continued strength in multifamily starts and a 20% rise in permits, yet the National Association of Realtors has maintained that new construction still has a long way to go to keep up with demand as the expectation of the number of renters in the US are considered to rise above the 37% rate by 2019.
A new luxury townhouse rental development on the Pacific coastline in San Diego, CA highlights how this trend is catching on at all levels of the market, while leading investment advisers like Brad Sumrok in TX promote the superior advantages of multifamily, including streamlined management.
Of course, aside from the enhanced returns, and pressure to increase urban density, one of the reasons multifamily is so popular right now is that consumers are credit challenged. This is not much different on the flip side for investors either.
Many real estate investors have had their own challenges during the last seven years. Thanks to a brand new loan program from Rental Home Financing investors no longer need perfect credit to engage this niche.
New Apartment Building Financing Loans
Those seeking to get back into the real estate industry after a break, desiring to expand their holdings, or eager to refinance their apartment buildings now that interest rates are low will find Rental Home Financing loans for multifamily offer many exciting features including…
- > 24 month out of BK - "OK"
- Past foreclosures - "OK"
- 600 FICO minimum
- Charge offs – ok
- Up to 75% LTV
- 500k to $20,000,000
- Non-recourse options
- 5-8% Interest rate range
- Up to 30 year amortization
- 3-5-7-10 year fixed rates
Contact us today to help finance your investment property portfolio.
More than just a leading U.S. Blanket Mortgage Lender, Rental Home Financing is your partner for long term wealth building and cash flow generation. We’re invested in your long term success.Contact us today and experience a refreshing new approach to financing investments…
Call today for more information: 1-888-375-7977 or CLICK HERE.