About This Loan
Real estate investors typically use “buy and hold” private money loans to purchase, rehab, and then refinance the property. These loans are ideal for financing properties in poor condition that a bank typically would not approve.
The ‘buy and hold’ strategy involves picking up an undervalued or foreclosed property with the intent of selling it once the value has appreciated. In the meantime, it may make sense to renovate the property and open it to renters. Because you need cash to purchase foreclosures, buy and hold private money loans are a great way to secure the financing you need.
We lend to real estate professionals interested in buying and holding properties for long-term cash flow. If you’re buying distressed properties and fixing them up, we can design our loans to maximize your options. We see the value in the ‘buy and hold’ strategy and will design the loan that fits your needs.
Our underwriting guidelines focus on equity, not borrower credit. We accept borrowers with low credit scores, prior bankruptcies, and foreclosures, so if a bank turns you down, call us!
Highlights
Our buy and hold loans on residential real estate have been a great source of success for many of Aegis Funding Inc’s top clients. With traditional lenders limited to lending on owner-occupied or primary residences, Aegis Funding Inc., is the top private money lender in the market on non-owner-occupied residential properties.