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Advantages to Using Private Loans for Rental Properties
by Michael Miller, Chief Marketing and Production Officer, 5arch
E ven seasoned investors may be not be familiar with uncon- ventional loans, but the advantages are numerous, especially if you use a private lender that offers low interest rates with the speed and certainty of closing you won’t find with conventional mortgages. Private loans like those offered by 5arch typically offer a stream- lined application process. Bor- rowers may not have to submit as much paperwork to show their income in order to qualify. This makes private loans ideal for in- vestors who do not have traditional W-2 income but do have other qualifications that make them a good credit risk, such as a long history of successful investments. For landlords, showing income from several rental properties can help ensure you get the money you need from a private lender. PRIVATE LOANS HAVE LESS RED TAPE
credibly streamlined. Most borrow- ers who are approved receive their funds in as little as 10 business days and, sometimes, as quickly as 24 hours for repeat borrowers. Rent-and-hold investors are always on the go, whether they are overseeing renovations on single-family rental (SFR) prop- erties, screening new applicants, or finding new properties to add to their portfolio. Having guidance from a trusted loan specialist means fewer trips to the mortgage broker’s office and more time for other crucial tasks. Traditional lenders often demand a down payment of 20 to 25 percent on most properties. Private lenders have more flexibility in the total amount of the loan and the down payment, so you may be able to borrow as much as 85 percent of the purchase price, even on prop- erties valued at $500,000 or more. With available equity and direct lending competency, 5arch can close larger loans faster, so you may be able to turn that property into an income-generating SFR sooner. BORROWBETTERWITH LESS MONEY DOWN
CHOOSE YOUR PRIVATE LENDER CAREFULLY Not all private lenders are the same; you may get your money quick- ly, but you could get stuck paying double-digit interest rates. 5arch’s borrower-centric approach, however, offers speed and certainty of closing with single-digit interest rates. More than just a lender, Team 5arch functions as a partner to seasoned investors, landlords, and brokers, helping borrowers spot trends, make the best business decisions, and Borrow Better. •
Stay Ahead of the Competition
Pro cyclist Justin Williams is the epitome of drive and determination. At the 2018 California state championship race, he sprinted at 40mph for nearly a minute to break away from the pack and emerge victoriously. 5arch derives inspiration from Justin as a testament to what you can do when you focus on the road to winning.
5 Arch Funding Corp./NMLS ID # 1039184. 19800 MacArthur Blvd., Ste. 1150, Irvine, CA 92612; Arizona Mort- gage Broker License # 0933148; Oregon
5arch can help you win with low-rate, high-speed capital: Fix & Flip | SFR | Multifamily | Ground-up Construction | Lines of Credit Correspondents and Brokers Welcome
Mortgage Lending License Number ML-5475; CA Bur of Real Estate – Real Estate Broker Corpora- tion License #01928500; California loans made or arranged pursuant to a California Finance Lenders Law License, # 603K373; Louisiana Loan Broker Notification 43472334F. 5 Arch Funding Corp. makes first lien mortgage loans. In certain states, 5 Arch Funding Corp. only lends to entities. In Ne- vada, loans are available through 5 Arch Funding Corp.’s business partners; 5 Arch Funding Corp. does not make or arrange loans in Nevada. Borrow Better is the service mark of 5 Arch Funding Corp.
LESS RED TAPE MEANS LESS TIMEWASTED
Thanks to 5arch’s commitment to efficiency, the closing process is in-
833-411-0601 • info@5archfunding.com • 5archfunding.com/JustinWilliams
5 Arch Funding Corp./NMLS ID # 1039184. 19800 MacArthur Blvd., Ste. 1150, Irvine, CA 92612; Arizona Mortgage Broker License # 0933148; Oregon Mortgage Lending License Number ML-5475; CA Bur of Real Estate – Real Estate
INFORMATION MANAGEMENT NETWORK :: 13
loans. Incertainstates,5ArchFundingCorp.only lendstoentities. InNevada, loansareavailablethrough5ArchFundingCorp.’sbusinesspartners;5ArchFundingCorp.doesnotmakeorarrange loans inNevada.BorrowBetter istheservice mark of 5 Arch Funding Corp.
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