The best portfolio lenders issue funding for properties with more flexible qualification requirements and loan terms. Portfolio mortgage loans tend to have higher rates and fees than other financing options but can be a good option for borrowers or properties that otherwise would not qualify. Some examples can include properties needing repair, borrowers with lower…
The best hotel financing options will have low rates, flexible loan terms, and good customer reviews. Lenders may also allow you to use the funds for a variety of purposes, such as purchasing, renovating, or covering other costs associated with the building. Since the best loan will depend on your specific circumstances, we’ve selected lenders…
A hard money loan is mortgage financing for businesses that are unable to secure other types of traditional financing due to poor credit or properties in disrepair. Due to high interest rates and high fees, this is usually considered last-resort mortgage financing. Hard money loans are short-term financing, with a maximum term of fewer than…
For startups with a limited time in business or limited revenue, a home equity line of credit (HELOC) may be easier to qualify for than a business loan. Much like a business credit card, a HELOC gives you access to a line of credit that can be drawn against as long as there’s credit available….
An FHA multifamily loan is a mortgage loan, issued by a lender and insured by the Federal Housing Administration (FHA), that’s used to purchase a property with five or more units. These loans are subject to FHA loan limits and qualifications. FHA loans have lower interest rates and down payment requirements than conventional mortgages. FHA…
There are three types of financing available to small business owners looking for a loan to purchase an apartment complex. The type of loan they choose comes down to how well qualified they’re and how long they plan on keeping the building after purchasing it. Here are the three best types of apartment loan options:…
Private money lenders are used by short- and long-term real estate investors to finance properties. Short-term buyers use private money loans when they want to compete with the timeline of an all-cash buyer and intend to flip the property after making repairs. Private money lenders are also used by long-term investors who want to rehab…
While all 1031 exchange companies can help you with a like-kind exchange, the decision to choose a specific company comes down to the complexity of the transaction and whether you need additional services. Here are the six best 1031 exchange companies and what each is best for: : Best overall 1031 exchange company backed by…
