Buy and hold loans fill an important gap between short-term and long-term loans
It is common to provide hard money loans on a short-term basis. However, borrowers who plan to buy and hold commercial, residential, or industrial properties may need a longer-term loan.
You can rely on us to meet your capital needs whether you are a real estate investor building a portfolio or a landlord retrofitting an industrial building. Lendmore Capital is committed to helping you customize a buy and hold hard money loan to meet your specific needs.
Through our full and partial amortization buy and hold loan programs, borrowers have the option of extending the life of their loan while reducing their principal balance. A portion of your payments will go toward paying down the amount borrowed, rather than just paying interest. Would you rather extend a bridge loan, expand a residential property, or make a buy and hold investment? With Lendmore capital, you can enjoy unrivaled ‘buy and hold’ opportunities
Apply Today, Risk-Free
Why Choose a Buy and Hold Loan?
Our buy and hold hard money loans can benefit investors seeking income or building a real estate portfolio while the market is strong. This type of loan allows buyers to borrow for the purchase of a rental property. When an opportunity arises, we understand the need to move quickly. To ensure you are able to negotiate effectively with the property owner, we can complete the application, appraisal, and approval process within a few days.
With partial or full amortization, we are able to provide long-term financing of up to 20 years.
The Buy and Hold Strategy
When you buy and hold a property, you pick up an undervalued or foreclosed property with the intention of selling it once the value has increased. Meanwhile, it might be worthwhile to renovate the property and make it available to renters. Buying foreclosures with cash requires a hard money loan, which is a great way to access financing.
Lendmore Capital’s buy and hold loans on residential real estate have been a great source of success for many of its best clients. Lendmore Capital is the top private money lender on non-owner-occupied residential properties, while traditional lenders lend only on owner-occupied or primary residences. Lending to real estate professionals who are interested in buying and holding properties for long-term cash flow. If you’re buying distressed properties and fixing them up, we can design our loans to maximize your options. ‘Buy and hold’ is a valuable strategy, and we will design a loan that suits your needs. There is no limit to how many properties you can leverage, so you can leverage one property or your entire portfolio.
Rather than focusing on borrower credit, our underwriting guidelines emphasize equity. When banks turn you down, call us if you have low credit, prior bankruptcies, or foreclosures. A long-term loan strategy will be devised with you by Lendmore Capital. You might even be able to pay off your amortized loan from the rent, which makes the property even more profitable to sell in the future!
We can close multi-million dollar loans in as little as four days thanks to our streamlined process, which offers competitive advantages.