The new short-term loan program was developed to assist property investors interested in expanding their portfolios. The program is also designed to provide a way for new investors to enter Connecticut’s robust real estate market.
More information is available at https://fastcapitalfunding.net
As communities continue to feel the devastating effects of the pandemic on the housing market, property owners’ abilities to offer housing to Danbury residents have been greatly restricted. Fast Capital Funding has created real estate rental loan programs that would both offer aid to landlords and protect the investment property market. The launch of the company’s rental loan program has increased the availability of rental properties in the area, positively contributing to the community’s overall housing security.
Unlike traditional property loans, rental loans can be taken out by investors to cover the costs of purchasing properties designed to turn a profit. Since rental loans are typically seen as high-risk products by lenders, successfully applying for this type of loan can involve multiple meetings and an endless amount of paperwork before funding is approved.
Fast Capital Funding is committed to taking the guesswork out of rental loan applications and offering an easy solution to funding for property investors. Rental loans feature a maximum loan-to-value ratio of 80% on purchases, 75% on rate-and-term programs, and 70% on cash-outs. The property must have an assessed value of more than $100,000 and be in good condition. Fast Capital Funding offers 5/1 ARMs, 7/1 ARMs, and 30-year fixed products.
The company is experienced in working with small businesses that may not qualify for regular small business administration loans. No matter the size of an investment firm, Fast Capital Funding’s team of qualified lenders works individually with each client to assess business needs and offer tailor-made loans. To qualify, applicants must own at least one rental property and have a credit score of 680 or higher.
With over 20 years of experience in the real estate and financial industries, the company has accumulated a large network of diverse funding sources to suit the needs of each client. Loans for both long and short-term rentals for 1-4 properties are available alongside attractive refinancing options.
With the latest announcement, Fast Capital Funding remains committed to its promise to provide clients with fast, hassle-free funding.
“I recently employed the services of Fast Capital Funding for my latest rental property. The company’s talented staff answered every question I had and offered very timely and professional service.” said one satisfied client. “Great patience was shown in explaining the different financing options which was very beneficial during the application process. I would highly recommend Fast Capital Funding’s services.”
Interested parties can find more information on the renal loan options available through Fast Capital Funding by visiting https://fastcapitalfunding.net
Release ID: 89061122