We can broker residential or commercial loans on investment properties. If you are buying a 1-4 unit home, you would apply for a residential loan. If you are applying for a 5+ unit property, you would apply for a commercial loan.
If you are applying for a residential investment property, plan on making a minimum 20% down payment; interest rates are better at 25% down, so you may want to put more down. Closing
costs may be a little higher, especially if an appraisal is required.
The lender could require a rent schedule or operating income statement in addition to the appraisal, interest rates tend to be higher on investment properties, too.
If you are purchasing a 5+ unit property, a strip mall, office condo, or even a gas station, we can help you finance these purchases. The terms of these loans will depend on what you are buying and your experience in the area.
Give us a call and we can help you pick the right loan
for your business.
We offer a variety product services, ask us how we can assist you today:
Counsel Mortgage Group®, LLC
AZ MB #0909580
CA DBO #60DBO43873
John Rapasky is the President of the Counsel Mortgage Group, LLC. Copyright © 2018 Counsel Mortgage Group®, LLC.
Counsel Mortgage, CPA, Mortgage Broker, Office Condos, Commercial Real Estate, Residential Loans, Commercial Loans, Investment Properties, SBA, Attorney, Real Estate, Mortgage, Isabella’s Kitchen, Ice Den, 18 Degrees, Arizona, California, Scottsdale