I am a real estate investor looking for a fixed-rate, long-term mortgage for financing a property.
I have evaluations on the greater real estate market. I believe that it will make a good long-term investment.
Revenue will be generated by tenants. I am in a high demand market. Just a month ago, a single one-bedroom house in a town near me got 946 replies. The demand for rentals is being driven by high migration rates and slow construction imposed by regulatory burden. There is now a housing shortage of 85,000.
Capital gains on the property will be generated by holding it for decades.
Buying a property on here has probably never been done before. I have various plans and analysis prepared for my vision of the property. I am offering 10% "blocks" of debt. If there's a $100k property for example, with a RV of $120k, I will sell $10k (10%) "blocks" of debt at a fixed rate, long-term.
You will be paid back periodically.
If you want more information, please contact me.
I will gladly put down a a deposit as well. Your loan will be used to purchase a property only.
If you dont have valid collateral that is 120% of whatever youre asking, you wont get a loan. Dealing with real estate and securing it as collateral can be costly as it would require the lender to make sure the value is more than enough, that you maintain insurance and also have the title in the lender name until you pay the loan off and then the lender would have to go through a whole different process if you default, which would put the lender at a big loss.
