STRATEGY
CONSTRUCTIVE LOANS
CONSTRUCTIVE LOANS OFFERS CREATIVE FUNDING FOR BOTH NEWAND EXPERIENCED INVESTORS We are a National Lender with Flexible Options to meet your needs.
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We finance single-family, both warrantable and non-warrantable condos, mixed-use properties up to 4 units, and multi-family properties up to 40 units.
Investing inVacation Rental Properties
RENTAL LOANS
FIX AND FLIP LOANS
by Ben Fertig, President, Constructive Loans
• LTVs up to 85% for Purchase and Rate and Term Refinances • Loan Amounts up to $2,000,000 • 30 & 15 Year Fixed, ARMs, Interest Only Options Available on Both • Debt Service Coverage Ratio of only 1.0 • No Income Verification and no DTI Requirements
• Interest Only Payments • Up to 95% Loan to Cost (LTC) • Up to 100% Rehab Financing Available • Lines of Credit up to $10,000,000 • Loan Amounts up to $5,000,000 • No Income/Employment Verification and no DTI Requirements
G
etting a mortgage loan for a short-term rental property to
demand for existing housing mean some of the hottest vaca- tion rental markets are not the best places for a new investor to buy a property. • State and local laws and reg- ulations concerning the use of internet-based vacation rentals may impact the anticipated rent- al property cash flow. • Buying a vacation rental and using a rehab loan to upgrade the property before listing it on the online marketplace might allow you to charge more for rent and also increase the long-term value of the property.
a professional property manage- ment firm if you invest somewhere far from your primary residence. Fortunately for investors looking to get into this exciting area of the residential real estate business, Constructive Loans has an ex- pert team that can tailor a custom financing solution to your specific needs and help ensure a project progresses according to plan. We also offer fix and flip loans and fix and flip lines of credit if you’re looking to expand your portfolio but aren’t quite ready to dive into the vacation rental market just yet. At Constructive Loans, we are a hard money lender who will work to make it easy to help you realize your investment goals – at the beach or in your own hometown. •
list on sites such as VRBO and AirBnB can be tricky – especially if you don’t plan to use it as your primary resi- dence. You may require a different kind of financing and fortunately hard money lenders like Constructive Loans have the flexibility to fit your needs to help you meet your investment goals. Constructive Loans uses common sense underwriting standards based on the earning potential of a proper- ty, allowing investors to respond to opportunities quickly in an increasingly competitive market. Before you jump into the complex but promising busi- ness of buying residential real estate for vacation rentals, there are a few things you should consider:
To learn more about what we can do for you, call (844) 562-7407 or visit constructiveloans.com today!
Loans are provided by Constructive Loans, LLC, except in AZ, CA, MN, OR and SD, where products are offered by Fay Servicing, LLC d/b/a Constructive Mortgage Services. NMLS ID 88244. Visit www.nmlscosumeraccess.org for additional licensing information about Fay Servicing, LLC.
• Vacation rentals in desirable loca- tions may need to be handled by
• Limited inventory and high
60 | think realty magazine :: september / october 2019
thinkrealty . com | 61
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