Hard Money Lenders in Speedway
Foresight Business Funding is here to help real estate investors, find commercial financing solutions to fund their commercial real estate needs. Lenders are frequently adjusting their underwriting requirements, leaving many in the real estate investment business discouraged with limited financing options. We have relationships with several private money and hard money lenders through out the country.
If you are a real estate investor in Indianapolis looking for home flipping money, commercial mortgages and other real estate financing, you may have a problem getting conventional mortgages. Fortunately, Foresight Business Funding has several alternative financing solutions that can help you with your real estate investment financing options.
Hard Mortgage Loans for Indy Real Estate Investors
Hard money, also known as private money, or hard mortgage loans is available to investors in Indianapolis through Foresight’s investor lending programs. Our hard money loans are designed for investors with special lending needs, as well as to investors that need a quick, hassle-free source of private money to finance their next deal. Regardless of your situation, we can get you approved within 24-48 hours.
Our hard money lending programs in Speedway and Indianapolis include loans for residential fix flip projects, rental homes, and investment property refinances.
Private Money Loans
Private Mortgage Loans are designed for investors with special lending needs, as well as to investors that just need a quick, hassle-free source of private money to finance their next deal. Regardless of your situation, we can get you approved within 24-48 hours.
Our Private Money Loans include loans for residential fix flip projects, rental homes, and investment property refinances.
Commercial Real Estate Mortgages
Investment property loan rates are higher than conventional mortgage rates. The investment property mortgage rates may vary based on the specifics of the loan scenario such as length of loan, 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 mortgages.
Hard money lenders are generally a better source of loans for investment properties as they primarily work with real estate investors and better understand their needs. Experienced and reliable hard money investment property lenders will also be able to approve the borrower and fund the loan much faster than a conventional lender such as a bank or credit union.
Buying Rental Property
Buying a rental property is one of the most popular forms of real estate investment. Investors look to purchase an investment property with rental property loans that can be rented out for more than the monthly liabilities
(principal, interest, taxes, insurance) and achieve positive cash flow. The real estate investor will also hope to
benefit from appreciation while they hold the property and take advantage of tax benefits in order to maximize their profits from buying a rental property.
Loans for rental properties generally require a down payment of at least 25% from the real estate investor.
100% financing is not available. If the real estate investor has equity in another property but does not have enough cash for a down payment, the real estate investor may be able to take out a cash out refinance loan in order to raise the funds for the new purchase. The hard money lender will also want to see that the investor has cash reserves available to deal with potential tenant vacancies, repairs and any other unforeseen issues.
Refinancing Investment Property & Rental Property Loans
We allow real estate investor to refinance investment property and rental property should they wish to pull equity out of their property, refinance at a lower rate or pay off a balloon payment that will soon be due.
Investment Property Rehab Loans
Investment property rehab loans are available for real estate investors who wish to purchase a property,
quickly make any needed repairs and improvements and then sell the property immediately.
Fix and hold loans are also available to investors who wish to purchase a property in need of rehab,
make improvements and then hold the property as a rental.
Commercial Property Types available for Hard Money and Private Money Funding:
Standing commercial properties
- Retail buildings
- Strip centers
- Shopping centers
- Industrial buildings
- Mixed use buildings
- Self storage
- Commercial condominiums
- Industrial condominiums
- Assisted living
- Residential care homes
- Day care facilities
- Gentlemen’s clubs
and land loans.
Contact us or call (317) 589-0118 for more information.
We provide Hard Money and other types of business loans for these Indiana Cities:
- Fort Wayne
- Terre Haute
- Richmond and most area in Indiana