The need for speed in real estate investing
If you follow the real estate finance news like we do, you've likely seen some news coverage on how private money lenders are gaining ground as a funding source compared with hard money or banks.
In fact, according to a recent report on HousingWire, over half of all real estate investors are now turning to private lenders. As one industry analyst put it, the out-of-the-box approach of private real estate lenders is attracting more out-of-the-bank deals.
This makes perfect sense to us. The residential investor community is simply choosing the funding source that helps them close more deals–easily and faster.
Private capital lenders like NavCap can be more flexible with requirements than heavily regulated banks. Our loans are backed by the subject property's value, marketability, and profit potential. For that reason, we lend based more on performance and experience and less on traditional factors such as income history and tax returns.
We routinely outperform banks in terms of speed, service, and leverage, even if your deal doesn't fit into the traditional "credit box." On average, our loans close within ten to fourteen days, depending on how quickly we receive documentation from the borrower.
We know your time is money! That's why we prioritize getting you to the closing table as quickly as possible.
Have specific questions?
We’d be happy to chat through your next project. Reach out to your loan officer directly or via 888.444.3160 to be put in touch. If you have a property in need of financing. fill out the no-obligation quote form below: