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Tactics for Best Deal on Rental Property Loans
As rental property financing becomes more accessible for real estate investors more and more are seeking out new acquisitions and are looking to refinance investment property to maximize returns. However, there can be distinct differences in the terms different investors are able to obtain.
Here are five tips to consider to enable investors to land the best possible deal on their next rental property loan…
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Refinancing Investment Property - 5 Reasons Why you Should
Critical to refinance multifamily investment property now!
Why is it so critical for investors to refinance investment property now?
Mortgage interest rates are on the move. However new single family rental mortgage (SFR) and multifamily investment property loans have become far easier to get with our new investment loan programs.
The short term rental market is booming and we as investment property refinance lenders are providing short term rental loans that are unavailable from other traditional mortgage refinance companies.
Yet, this is only the tip of the iceberg in why investors need to seize on this opportunity to refinance investment property right now.
Consider this…
Published in
Real Estate Investors
How to Locate the Best Income Property
Where are the single and multi-family rental property deals for income-seeking investors?
Financing for real estate deals is plentiful, and the market continues to march upwards. Yet, the strengths of the market are also making it appear to be harder to find deal flow and appetizing acquisitions.
So is inventory really as tight as some media outlets make out? How much opportunity is out there? Where are the deals if there are any?
Quarter of a Trillion in Distressed US Real Estate Up for Grabs
Many of the most intense recent bidding wars for income property haven’t even been over distressed deals. The demand for yield is so high, and capital so plentiful that hundreds of qualified bidders have been vying for deals selling for close to $100M.
Some hot markets like Denver, Colorado are reporting inventory levels of less than 2 months as of September 2015. However, whether some choose to shrug off the data or not, the fact is that there are billions of dollars in off-market deals all over the US.
Recently a newsletter from DistressedPro.com declares that there are still over a quarter million dollars of nonperforming notes and REOs on the books of US banks, credit unions, and asset managers.
As we rolled into the next year data compiler RealtyTrac reported 1 in every 74 housing units in FL was still in some phase of the default and foreclosure process. The latest data suggests there are still close to 18M vacant homes in the US, many of which are foreclosures. Regions like SW FL, Detroit, and Las Vegas, are still dealing with entire swathes of ghost town-like neighborhoods. As of recently several New York cities and towns still reported dealing with 2,000 plus zombie foreclosures (each), which they intend to demolish.
This is all in addition to a surge in new single and multi-family apartment building construction which is slowly trying to build up and catch up with demand.
The Big Question: How to Find and Takedown these Deals
- Automate marketing to direct sellers and homeowners
- Use software like BankProspector to get in the back door and access inventory and decision makers at banks and credit unions
- Leverage other investors for wholesale property deals in your area
- Develop municipal government contacts and provide a solution for dealing with property blight and zombie foreclosures
- Get smaller. Use new blanket mortgage loans and apartment building loans to snipe smaller multifamily deals which aren’t on the radar of big institutional funds
Published in
Real Estate Investors
Apartment Building Loans Boost Profits
Expanded approval for apartment building loans!
Rental Home Financing recently announced the rollout of its newly expanded apartment building loans for income property investors. With access to attractive financing for more multifamily investors, what are some of the best ways to leverage pent-up equity to improve portfolio performance?
Credit challenged Investors are Buying New Apartment Buildings
Multifamily real estate investing is trending, and now new apartment building loans are enabling even credit-challenged investors to participate.
New Multifamily Loans for Investors
New apartment building loans from Rental Home Financing offer access to captive equity for multifamily investors that haven’t been able to maximize their portfolios until now.
Loan program highlights include:
- LTVs up to 75%
- Non-recourse loan option
- Loan amounts from $500k to $20M
- Low multifamily mortgage rates
- Up to 30-year amortization
- Expanded approvals for credit-challenged borrowers
Four Strategies for Putting Capital to Work for Maximum Portfolio Performance
- Investing in Better Property Management Technology
Technology has dramatically changed property management in the last 24 months. Those multifamily property owners armed with the best in property management software, cloud storage, and mobile apps are creating far higher spreads and NOI than ever before possible. - Value add Improvements
One of the best advantages of multifamily property investing is the ability to add value in any market cycle, as well as the enhanced ROI on property improvements and upgrades. Those not putting this to work for themselves, and who are not leveraging current retrofitting and green building trends will fund their returns subpar. - Positioning Your Portfolio
Building on the above, some of the most significant gains in boosting multifamily property lending performance and stated apartment loans is in upgrading the positioning and branding of investment properties. This can be applied through hard on-site upgrades as well as through PR and media. Perceived value can mean real increases in occupancy rates, rental rates, and NOI. - Expanding Portfolios
Many investors and firms are simply fooling themselves when calculating cap rates and ROI today. Rapidly growing asset prices, complimented with compressed mortgage interest rates, and new opportunities means that those with higher rate loans and even ‘free and clear’ holdings are likely experiencing far inferior true cap rates and returns than they are aware of.
The ability to reduce rates and borrowing costs, and release captive equity with new apartment building loans are enabling investors to expand portfolios while the market is ripe and dramatically improve overall returns.
Apartment Building Financing for Poor Credit
Credit challenged Investor loans for New Apartment Buildings
Credit challenged InvestorMultifamily real estate investing is trending, and now new apartment building loans are enabling even credit-challenged investors to participate. We can finance scores as low as 640 but we of course finance great credit sponsors as most of our clients are seasoned investors.
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 2021 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.
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.
Apartment Building Financing Loans Boost Performance
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 months out of Bankruptcy - "OK"
- Past foreclosures - "OK"
- 640 FICO minimum
- Charge offs – ok
- Up to 75% LTV
- 500k to $20,000,000
- Non-recourse options
- Competitive Interest Rates
- 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 to apply online.
Published in
Apartment Lending
Rental Home Financing
9465 Counselors Way
Suite #200,
Indianapolis, IN 46240
About Rental Home Financing:
Rental Home Financing, as the best mortgage lenders we originate rental home loan products and cash out refinance investment property loans as the best investment property refinance lenders. Commercial blanket loans are available with a commercial purpose to suit your needs.
Also, as DSCR loan specialists, we are currently authorized to make such loans in most all areas of the United States. Specific circumstances will determine whether we have the ability approve/close portfolio rental home loans in your state(s). When you are ready to get a mortgage for rental property, we are ready to serve you.