Tampa Private Money | FL Commercial Mortgage
There are lots of real estate opportunities out there, but for investors, the hardest part can be finding the money to put into a real estate investment. For many of us, that money is sitting right under our noses. If you own a home and have been paying off your mortgage, you have home equity. That money is just sitting there, so why not put it to work?
The current mortgage market is favorable for real estate investment because interest rates are low. However, there is no 100 percent financing available unlike what was seen in the past. Investors may be putting 25 percent down to gain financing, then must have the financial resources to cover closing costs, repairs, vacancies, leasing agent fees, and so forth. Younger investors may have a good savings plan or 401K but are reluctant to dip into it for a real estate investment.
Here is where Shop Commercial Mortgage and your home equity can help. Our Florida private money investors are looking for opportunities from $50K to $5M. Your credit rating, previous foreclosures, or other issues preventing a conventional loan are no barrier for our investors. We are looking for real estate investors with good equity in an existing home. What types of properties do we consider?
- Retail plazas
- Office condos
- Mixed Use
- Hotels or Motels
- Strip Centers
- Many others not listed here
You can do the math yourself, or contact Shop Commercial Mortgage for a consultation. Take an amount of equity equal to 55-60 percent of the home’s value. Determine the real estate investment that will offer a good rental or lease income. Deduct the loan charges and see if you still make a profit. We think you will find this to be true; therefore you need to have access to all that equity in your home. Shop Commercial Mortgage in Florida can make that happen — contact us today.