What Cheetah Capital has to offer:
Investment Property Lending Nationwide
Fix & flip and rental property lending for real estate investors in need of hard money financing. Based in Boston and serving nationwide, Cheetah Capital is your trusted rental-property lender with a vast hard money lending experience. Cheetah Capital has the team and resources to get your lending funded fast.
- Buy and Hold
- Fix and Flip
- Single Family Rentals
- Hard Money
- Multifamily Bridge
- Land and Construction
- New Construction
- Portfolio Rental Lending
- Rehab to Rent
- Rental
Application Approval Timeline: Same day approval available
Time to Fund: 2 – 4 weeks
Property Types: Single family, multi-family, condos, commercial, industrial
Amount: $150,000 – $50 Million
Terms: 1 Year to 30 Years
Lien Position: 1st
Loan to Value (LTV): Up to 80% of current value of property
Investment Interest Rates and Points: Starting at 6%
Investment Property Lending Rates
Investment properties can make you a substantial amount of money. If you buy a rental property at the right price, and you get the best financing for it, you could start seeing positive cash flow very fast.
Private mortgage rates tend to be higher than conventional loan rates by 0.5% to 0.75% (Source). The rental property mortgage rates may vary based on the specifics of the lending scenario such as length of term, loan to value (LTV), condition and location of property and overall perceived risk of the investment. Many conventional lenders solely focus on owner-occupied home mortgages and do not provide financing for investment property.
Getting a low mortgage rate on a rental property is a bit harder when comparing to a primary residence because lenders charge more for “non-owner occupied” properties.
With Cheetah Capital, our rates for rental property lending starts as low as 7%. That said, your final interest rate for an investment property lending will depend on the type of property you want to acquire, your creditworthiness, and how much you put down.
Hard money lenders such as Cheetah Capital, are generally a better source of loans for investment properties as we primarily work with real estate investors and we better understand their needs. We are amongst the most experienced and reliable hard money lenders that will also be able to approve the borrower and fund much faster than a conventional lender such as a bank or credit union.
To get started talk to one of our funding advisors, we will be glad to help you find the best terms and rates for you. Call 781-918-8024
How To Get Lending For An Investment Property?
This Is What You Need To Qualify?
The first thing you would need to get lending for investment properties is to have at least 20% to 40% down in case you want to purchase, or substantial equity in the property if you’re looking for a cash out refinance.
The higher the down payment or property equity you have, the more likely you will be approved.
We will also look at the borrower’s experience in real estate. If this is the first time that the borrower is going to finance an investment real estate deal, he or she might face more scrutiny than a borrower with years of experience in these types of deals.
Just answer these questions and we will give you a quick estimate:
Type of rental property (condo, townhouse, single family, etc.)
Property location (Exact Address)
Current market value
Mortgage balance (if applicable)
Lending amount sought
Proposed use of funds
..
Borrower parameters:
Borrowers can be corporations or LLCs
Existing income reflected in bank statements
Cash reserves reflected in bank statements
Credit score of 550 or higher (exceptions apply)
Ability to perform exit strategy may be needed
A portfolio, for experienced investors (optional)