Avatar's Blog
» Investment Residential Hard Money Loans
Avatar funds investment residential property purchases and refinances of all kinds - single family dwellings (SFD), duplexes, multi-family family dwellings, apartment buildings, and condos. If you are purchasing an investment residential property, you will need to have a minimum of 20% of the purchase price to put down at closing. Avatar can fund up to 65% of the value, and the balance of 15% can come from a seller carry back loan or similar subordinated loan.
If you are refinancing, get a local realtor to provide you with comps in the area, providing a good idea of what similar properties are selling for today. Avatar will send an appraiser to the site to determine the quick-sale value of the property. To avoid disagreements on the value of your property, be sure you have a realistic review of the current selling price.
