A hard money loan is a form of short-term financing for real estate and typically has easier qualification requirements compared to traditional forms of financing. It can also be easier to get approved if you have bad credit. Unlike traditional loans, hard money lenders can issue financing on properties that need repairs. These flexibilities, however,…
Business Financing
What Is an FHA Multifamily Family Loan?
FHA multifamily loans are used to assist in the purchase of multifamily real estate and offered by eligible loan providers. The Federal Housing Administration (FHA) provides insurance for these loans, which are subject to certain criteria defined by the FHA. Since these loans are backed by the government, they’re more accessible and typically offer more…
Apartment Building Financing Options For Business Owners
Financing an apartment building can be done in several ways. Apartment loans are a type of multifamily financing that assists with the purchase or refinancing of an apartment building. These include loans that are government-backed, offered by a bank or other lending institution, or offered on a short-term basis. Each has varying terms of eligibility…
Buying vs Leasing Commercial Real Estate
If you’re looking to acquire commercial real estate (CRE), buying and leasing are two options you can consider: Buying real estate typically requires more cash upfront but it allows you to build equity, has more flexibility in making modifications to the property, and has fewer long-term variable costs. Leasing real estate requires less upfront money,…
7 Best Fix and Flip Loans for 2024
The best fix-and-flip loans typically have repayment terms of two years or less and come with competitive rates. They should also have funding speeds no greater than 30 days. Since the best loan will depend on your specific circumstances, we’ve selected lenders with a wide range of qualification requirements and loan terms. Here are the…
What Is Liquidity Risk & How It Can Affect Your Business
Liquidity risk is a company’s ability to meet its short-term debt obligations. It is generally lower when you can convert assets into cash quickly and is typically higher if that is a process that will take a longer time. Liquidity risk for business owners is an important concept to be aware of as it can…
Investment Property Line of Credit: What It Is & How It Is Used
An investment property line of credit is a revolving loan that allows you to draw funds on an as-needed basis. When you make a draw from the credit line, the money can be deposited into your bank account. Popular uses for the funds include paying for property improvements, repairs or other expenses that fix-and-flip or…
Balloon Mortgage Calculator
A balloon mortgage is a type of loan that requires a final lump-sum payment to be made at the end of the financing term. By comparison, fully amortized loans do not require this lump-sum balloon payment as the balance is typically paid in equal installments over a period. Balloon mortgages, however, typically have lower monthly…