When you don’t fit in the box…
Alternative lending can help when banks are too restrictive. Alternative mortgage options include conventional loans with more flexible qualifying criteria, nonconventional loans such as ARMS and interest-only loans, bridge loans, and private money lending.
Let’s strategize an alternative lending solution to achieve your real estate goals.
Whether you need to close fast or to be pre-qualified for a primary or investor purchase, contact me to discuss the best loan strategy for your situation.
To learn more about Alternative Lending, see the FAQ.
The 8 Most Common Reasons for Alternative Lending:
Speed.
Alternative lending options incudes private money bridge loans, which can compete with all-cash offers in highly competitive situations using equity in another property to qualify.
Convenience.
With various bridge loan options that allow you to buy before you sell, after closing and moving in, we can refinance you as needed.
When it saves money.
When used strategically, alternative lending creates an opportunity to save and make money. Acquiring and leveraging property can result in netting a higher return.
In cases of self-employed or complicated income.
Accommodates varied income sources and documentation requirements, providing solutions for entrepreneurs and freelancer who have trouble qualifying with traditional lenders.
Tap equity.
Allows homeowners more ways to access the equity in their property, so they have more financial flexibility for other investments or expenses.
When you don’t qualify conventionally.
If your credit history or debt-to-income ratio doesn’t meet conventional standards, alternative loans can bridge the gap.
When the property doesn’t qualify.
For properties outside of conventional guidelines—like mixed-use, unusual zoning, hobby farms, or large acreage, —alternative loans may help.
For fix-n-flip, renovation, or a mid-renovation bridge.
Often the necessary funds to start or complete renovations are not yet financeable through traditional means.