Hard Money Lenders In Jackson MS
Written on January 5, 2009
Hard Money Lenders for Investment Property in Jackson MS
The Problem
You are thinking about buying an investment property in Jackson, MS but need financing for the renovations.
If you are looking for a hard money loan to finance the purchase of an investment property in Jackson, MS, Streetvestor can help. We have several programs for buying investment property based on how much you need and how long you need it.
1. 5 Points and 15%- This is a good program for a retail sale or a long term rental that will need a little more time to rehab. It is a 6 month loan and gives you plenty of time to renovate and market or tenant an investment property. Many of our clients are using this loan to buy investment property because if their financing takes longer they can pay the interest with the rent.
2. 2.5% per Month- This is an excellent program if you are only going to hold the property for a short amount of time. Because there are no points on the front end you can save a lot of money on quick rehab and refinances. However, if you hold your investment property for longer than 90 days, this loan can get very expensive.
3. 5 Points and 12%- This is a 3 year product that we designed to finance clients who already have 4 Fannie Mae loans but still want to invest in Jackson, MS. The loan is kept in house meaning Fannie Mae is not involved. This allows you to still take advantage of the great wholesale deals available in Jackson up to 20 properties for qualified borrowers.
We would love to be a part of your team for investing in Jackson, MS real estate. Feel free to call us at (601) 952-0350 or fill in the following form and someone will contact you.
Streetvestor, LLC, is a firm that helps ordinary people invest in real estate.
Filed in: Financing.