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Smartland Suggest Unique Financing Options for Current and Potential Real Estate Investors.

As home prices across the nation continue to rise, the number of investors looking to finance residential real estate investments are increasing concurrently. In response to this growing trend, Smartland has explored the best possible financing options to facilitate the needs of its current and potential real estate investors. All-cash offers will continue to take the cake in a competitive housing market, however, the benefits associated with today’s financing options are certainly worth considering.

LLC Blanket Loan

  • Up to 75% LTV for Properties Owned Over 12 Months (50% for Foreign Nationals)
  • Under 12 Months Calculated at 90% Cost
  • Single Family Rentals
  • Non-Recourse
  • Minimum Credit Score 680 FICO
  • Emphasizes Cash Flow Not Tax Return
  • Refinance With or Without Cash

Best Investment Loan Program

  • Up to 75% LTV
  • 30 Year Loan Amortization at 8-9%
  • Loans From $100,000
  • Non-Recourse
  • Loan Amount Based on Sales Price or Appraised Value
  • Minimum Credit Score 650 FICO
  • Single Family Rentals and Multi-Family Homes

A blanket loan is a unique financing alternative that is available to Smartland’s real estate investors, designed to consolidate the mortgages of multiple residential properties into one lump sum loan to be held under an LLC. Blanket loans may also be used to take the equity out of investment properties that were originally cash purchases. Smartland investors who own single family homes, duplexes, and small (1-4 unit) apartment buildings may take advantage of this non-recourse loan to obtain a lower interest rate and gain eligibility for Fannie Mae and Freddie Mac loans. These loans may then be used in future real estate investment purchases. Qualifying terms will vary by lending institution but generally require a combined loan amount of $500,000 and 5 doors, excluding any commercial properties.

Investors shouldn’t shy away from residential real estate purchases just because an all-cash offer is out of reach. Although the number of all-cash home purchases have been at an all-time high, the number of investors who are opting to finance real estate investments across the nation have been on the uprise. With a sizeable down payment, investors can take advantage of consolidation programs with low interest rates and impressive loan-to-value ratios on any Smartland property.

Another attractive financing option that is available to investors is a best investment loan program that is available for single family rentals and multi-family homes. This program offers qualifying Smartland investors a 30 year loan amortization with up to 75% loan-to-value (LTV). Office spaces and mixed-use buildings are also eligible for this loan with a 5% reduction in LTV. This is a non-recourse loan that will protect the borrower’s other assets and only requires the repayment from profits made on the investment property for which the loan was acquired. Individual loan amounts are based on the lower of the sales price or appraised value of the home to be purchased, starting at $100,000 at a rate of 8-9%.

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