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9465 Counselors Way Suite #200, Indianapolis, IN 46240

New Apartment Building Financing

ForCredit Challenged Investors.

Displaying items by tag: blanket loan for apartments

Your Comprehensive Guide to Blanket Mortgage LendersBlanket loans can be a crucial investment tool for property investors but finding blanket mortgage lenders can be challenging. They aren’t as proliferate as conventional mortgages and they might have more stringent qualifications.

While it can be tough to find blanket mortgage lenders, there are property investment strategies you can take to make the process less time-consuming. Review this comprehensive guide to blanket mortgage lenders before you start your research.

Published in Blanket Loan Mortgages

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 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

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
  • 4.375% & up 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.

Published in Apartment Lending

How Blanket Mortgages Work for Financing Single Family Rental Properties

What are blanket mortgages? When should they be used for financing income investment properties? What features and terms should real estate investors be demanding when shopping for a blanket mortgage loan?

Blanket Mortgages 101:

Blanket mortgages may be a new concept for many residential real estate investors. However, they have been used for decades by builders and developers, and commercial property investors. Blanket mortgages are used for funding more than one piece of property, in one loan, with a single servicer. Imagine if a builder or developer needed to arrange individual lot and home financing for every property in a new subdivision, or condominium building.

It would be a paperwork nightmare, not to mention slow, inefficient, and extremely expensive to the point of being cost prohibitive.  Instead they obtain one mortgage loan which is secured by all of the property under a single loan. In the past this has been used as bridge or gap financing for those seeking to expand investment portfolios who may be equity rich, but cash poor. Or for offering increased security for a lender in exchange for better terms.

Now, new Buy to Rent investor loans offer access to the benefits of Blanket Mortgages for refinancing, and expanding single family rental home portfolios.

When to Use a Blanket Mortgage

Blanket mortgages make a lot of sense for today’s rental property investor. There are also many questions that investors are asking.  Many income investors have poured much of their liquidity into making acquisitions, own property free and clear, but could use the additional flexibility of more cash on hand.

Those with 5 plus rental properties can use blanket mortgages to refinance, and access captive equity for making property improvements, covering holding costs, or simply taking advantage of low interest rates and leverage while recouping precious cash stores.

Others will want to use these investment property loans for making acquisitions while asset prices are attractive. Some of these buy to rent loans will allow for bulk buying of single family homes, or offer a credit facility for pooling property from different sources.

Whatever the purpose, this is an ideal time to use blanket mortgages for residential property investors.

What to Look for in a Blanket Mortgage Lender:

6 factors to look for when considering a blanket mortgage loan include:A lender experienced at making blanket mortgage loans

  1. A investor friendly lender who actively wants to fund single family homes
  2. Non-recourse loans if at all possible
  3. Corporate or business entity loans and title holding for privacy and reduced liability
  4. If there are pre-payment penalties, and how much they are
  5. Longer amortization schedules for lower payments and more flexibility and cash flow
  6. Clarity on partial release clauses for selling individual units in the future

Call us today – 888-375-7977 and speak with one of our qualified representatives.

 

Rental Home Financing Investment Loans

Published in Blanket Loans

Rental Home Financing
9465 Counselors Way
Suite #200,
Indianapolis, IN 46240

 

Fast Online Loan Application
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CALL TODAY: 888-375-7977

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.