Bridge loans, often referred to as Hard Money loans, can close in 2-3 weeks. No minimum credit score requirement. Used to stabilize properties. Less documents and fewer underwriting requirements.
Permanent loans are offered by banks and private money lenders and can close in 45 to 60 days. 650+ credit score required. Used for stabilized properties. 2-3 years tax returns required for most permanent bank loans. Private money permanent loans have less document requirements.
Fix & Flip loans are non-bank loans and can close in 2-3 weeks. 600 minimum credit score required. 10% to 15% down payment required for purchase fix and flip transactions. Experience required in most cases, or substantial cash reserves.
New construction loans are offered by banks and can close in 45 - 60 days. 650+ credit score required in most cases. Minimum 20% down payment required for new construction purchase transactions. Minimum 20% cash contribution to total costs.
SBA Business real estate loans can close in 45 to 60 days. 650+ credit score required. Used to purchase or refinance properties owned by business owner. Owner must occupy 51% or more of the total property SF.
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Investment Property Interest Rates & Programs
Investment property loan interest rates are based off various indexes, most commonly, the Federal Prime Rate and 6-Month Libor. Investment property mortgage rates can move quickly with the market so many investors are constantly trying to stay on top of the most recent interest rates. ICS updates our commercial loan interest rates daily.
What Are the Current Investment Property Loan Rates?
Currently investment property loan interest rates can vary depending on the loan product and property type. All Investment property loan quotes depend on several underwriting factors including the property and borrower location, loan-to-value (LTV), debt service coverage ratio (DSCR), property usage (investment or owner-occupied), property type, and the borrower’s financial strength.
What are the Different Types of Investment Property & Commercial Loans?
There are many types of investment property loans available in the United States, and the type of loan that a borrower should consider depends on several factors including investment strategy, loan features, other properties in your portfolio, credit availability for future needs, any pertinent tax considerations, and future economic conditions.