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We Can Fulfill Your Client’s Investment Needs
Multi-family homes present particular challenges for buyers when it comes to securing loans and funding for their homes. While these types of homes offer the eventual promise of income, or the ability to earn additional income, banks are notoriously hesitant to finance these types of properties. As a loan broker, you get to play the role of facilitator to buyers interested in purchasing a wide range of multi-family properties.
What Qualifies as a Multi-Family Property?
Multi-family real estate comes in a variety of shapes and sizes and people looking to secure multi-family real estate loans may be interested in buying a duplex to live in one side and rent out the other or larger investments, like quads, townhouse communities, or large apartment complexes. They are ideal investments for new real estate investors as well as seasoned professionals – if they can get the financing they need.
That is where you come into the picture as a loan broker. You get to help match lenders interested in offering multi-family mortgage loans to buyers in need of financing.
Traditionally, multi-family home loans are either conventional 15 to 30-year loans, government-backed loans, portfolio loans, or short-term loans (with terms between one and three years). The problem when borrowing for multi-family homes has been that banks and lending institutions offering conventional mortgages for multi-family homes have become scarcer over the past 10 years. This has made it increasingly difficult for people to secure multi-family home loans.
As a mortgage loan broker, you will have access to hard money loans with much greater flexibility for borrowers. This means you can help broker deals between buyers and a variety of lenders who have different goals and requirements.
Why the Mortgage Loan Broker Is More Critical Than Ever
Because banks are so reluctant to lend for multi-family homes, the loan broker has become increasingly vital in helping turn over homes in need of rehabilitation, larger homes that can be converted into multi-family properties, and multi-family properties purchased as investment properties.
When you embark on a career as a home loan mortgage broker, you’re helping people from all walks of life accomplish their dreams of home ownership. When you work as a real estate loan broker who specializes in harder to lend properties, like multi-family units, you are helping people fund their dreams of more comfortable or earlier retirements, or of creating affordable housing to a wider group of people.
As people begin investing in real estate once again, it is increasingly important to find reliable avenues of funding for these types of investments. As a loan broker, it is your role to connect lenders with borrowers and conduct ethical transactions that help both parties achieve their goals.
The good news is that you can make a comfortable living doing this and we believe we can help you build your business bigger and stronger than ever before by offering access to hard money lenders interested in a diverse range of investment properties including multi-family properties, fix-and-flip properties, rehab properties, residential and commercial properties, and new construction alike.
How We Can Help You
We understand the challenges that exist when offering funding to people interested in multi-family home loans. We can help you by introducing you to lenders offering specialized loans, like multi-family loans as well as the following options:
Loans for Co-Ops, Condos, and Apartments
Specialized Commercial Property Loans
Loans for Families with Low to Moderate and Middle Incomes
Private Money Equity Loans
Hard Money Loans
Contact us today to learn more about how we can help you build your business by helping other investors achieve their dreams.
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Loans are offered under either: California Bureau of Real Estate License 01897444 or California Finance Lender License 6054605
Mortgage Loan Originator, NMLS license no. 945582