RE Loans for Investment Properties
For investors looking for loans to acquire, build or refinance properties we have strategic partners who may be able to assist you. One of our partners is one of the largest originators of USDA loans. Eligible areas for these loans tend to be in communities less than 50,000 in population but metro areas of cities may qualify, we need to check the eligibility map. The interest rates are highly favorable and in some cases can possibly fund 100% of the property as it is based on an appraised value not acquisition or build-out cost.
USDA loans can be used for acquisition, build or refinance. It is principally for commercial properties, there are a few exceptions for residential but strictly NOT for owner-occupied use. There is another program for that, please refer to this web link: https://www.rd.usda.gov/programs-services/single-family-housing-guaranteed-loan-program
Who may borrow under this program? Corporations, Partnerships, Cooperatives, For-profit or Non-profit, Native American tribes, public bodies such as municipalities, counties, parishes, boroughs and special purpose districts, and individuals.
Some of our recent clients funded these types of properties:
- Critical Access Hospital & Health Clinic
- Community Center
- Marina
- Car Wash
- Warehouse
- Cell Towers
- Auto Dealership
- Hotel
- Multi-family
- Farm & Ranch Store
- Feed Store
- Cable TV Operation
- Fertilizer Manufacturer
- Fast Food Franchise
- Rice Mill
- Aluminum Recycler
- Auto Body Repair
- Dialysis Center
- Mining Operation
- Winery
- Storage Facility & Auto Repair
- Rock Quarry
- Student Housing
Loan processing times vary by state. Arkansas, Missouri, Florida are exceptionally quick (30 days once all documentation is provided), Oklahoma 90~120 days, Texas is one of the slowest, could take over 6 months.
Things which will not qualify: Farming, golf courses, casinos & other gambling institutions, marijuana growing, charitable institutions, churches and church-controlled operations, fraternal organizations, lending and investment institutions, insurance companies, racetracks.
We also have contacts with various banks as well.
Contact us for more information.
Feel free to use our mortgage calculator: