Purchase or Refinance
Investment Properties
Investment Financing Options
There are may ways to finance an investment property. What type of property and what you plan to do with it will be major deciding factors on the loan type.
Fix & Flip
House flipper special! If you are buying a property that needs work and are planning on selling when the work has been completed - this is the loan for you. Typically set up as a 1 year interest-only loan.
Apartments/Condos
Multi-family building with more than 8 units fall somewhere between rental and commercial. Net operating income may be used vs. market rent analysis.
Rental - DSCR
Great for experienced and first-time landlords, this loan is based on the potential income your rental property will make and not on your personal income. Typically for 1-8 unit properties.
Commercial
Retail, restaurants, industrial buildings, office spaces, and more. Tailored to the individual loan and property.
Rental - AirBnB
Short term rentals such as AirBnb and Vrbo can be financed on the same program as a long term rental- based off of current or potential income. A rental analysis will need to be completed.
Hard Money
Hard money is most often used when you need to close fast or other financing fell through. Hard money is usually high interest rates and short pay-off terms.