A popular investment strategy in today’s market
Real estate investors see a great deal of value in both single family rental homes and 2-4 unit multifamily properties. Some investors execute fix-and-flip strategies with these properties, while others see more promise in holding onto the units for a long period of time.
The long-term strategy investors have in mind when purchasing these properties will determine the type of loan they need.
Investors actually have more options than they might think, since commercial lenders can also offer solutions for 1-4 unit rental properties.
Still, the usual challenges remain for prospective borrowers. Even with all the lending options available in today’s market, many investors find that they are not able to qualify for bank or Fannie Mae programs.
In these cases, it may be a good idea to follow the lead of this investor in New York who partnered with Commercial Direct for their cash-out refinance.
A Commercial Direct solution in Freeport, New York
An investor in New York wanted to take cash out of their single family rental property they owned free and clear in the city of Freeport. They requested a $145,000 loan and they did not want to provide tax return documentation.
Our team at Commercial Direct was able to accommodate both requests. As a result, the investor was able to take on an additional investment opportunity they had in mind.
Do you need a loan for a 1-4 unit investor property?
Our 1-4 Program can help you take the next step with your real estate investment strategy. This product is designed for those who simply can’t get the solutions they need from bank or Fannie Mae programs. Loan amounts range from $100K to $2 million and tax returns are not required at any point in the transaction.
If you’re currently struggling to get the financing you need, visit our Loan Customizer now and take the first step with Commercial Direct.
Zack North is the Director of Marketing for Commercial Direct. As a regular contributor to a number of top industry publications, Zack enjoys writing about topics that help investors and business owners approach commercial mortgage financing with confidence.