Why Use Private Financing?
Benefits of Leveraging Private Financing!
Convenience – Applying for a mortgage is time-consuming, particularly thanks to new regulations on mortgage lending implemented as part of the Dodd-Frank Act. It can take months to close on a loan, which puts investors at risk of losing out on a particular investment property. With Private Financing, it’s possible to get funding in a matter of weeks. That’s important if you’re funding a large-scale development project and can’t afford deviations from the timeline to completion.
Flexible terms – Private Financing agreements can also be more flexible than traditional loan agreements. Here at House Tur Investments, LLC credit score or personal debts ranks lower on our criteria for approval. Depending on your situation, you may be able to tweak things like the repayment schedules. We negotiate with our investors if their are any payment conflicts unlike a large corporation with strict policies.
Collateral – With Private Financing, the property itself usually serves as collateral for the loan. Of course, we want to make sure you have the ability to pay the loan through analyzing your business and personal assets. This becomes important because it helps leverage your money to produce more deals and increase your cash on cash return.