Residential real estate is more than single-family residences. This classification also covers properties with up 4-units that can be income-producing. Therefore, growing your investment portfolio from a single-family residence to multiple units can still classify you in the same category. Whatever your needs may be, we have the lender for you.
Spearhead Commercial Capital recently closed a refinance loan in Jackson, Mississippi, on a stabilized portfolio for 28 single-family properties. The investor/builder was looking to refinance his construction loan at his local bank to have the capacity for future custom home builds. Spearhead Commercial Capital sourced a non-recourse loan for ten years at 4% interest that allowed the borrower the ability of future loans at his local bank and provided a cash-out for a down payment on a separate multifamily investment property.
Whether it be your first home or your start in investing in income properties, residential loans are not all the same. Contacting Spearhead Commercial Capital is the best first step in exploring options. We have a network of diverse and experience lenders that can save you money!