A GREAT RETURN ON INVESTMENT
There are many reasons why a person or small company would want to purchase an investment property. Most commonly known today are the "fix-and-flip" projects or renting out the space. This type of loan has specific requirements compared to other options:
- Property can be residential or commercial but it can't be the investor's primary residence
- Financing can cover the property and renovations
- Common terms 3-12 months
- Rates and funding depends on the financial profile of the investor