
What is a Business Purpose Loan secured by Residentail Real Property?
- Often business owners own non-owner occupied residential real property with lots of equity. Brazington Mortgage helps these investors raise the capital they need for any business related purpose. We cannot fund a Consumer Loan or secure a loan with an owner-occupied home, or owner-occupied two to four-unit residential real property.
- Brazington Mortgage is your trusted partner to refinance a rental property, get the capital you need to make repairs or capital improvements, finish a construction project, pay business-related taxes, get the capital you need for other business-related purposes, or refinance a balloon payment with a long-term private money loan.
- “Brazington Mortgage, LLC structures your loan with monthly payments and a two-, three-, five-, and even ten-year balloon payment allowing you not to bump up on a short-term balloon payment. You refinance or sell on your timeline, not the lenders.”
- Occasionally, we finance a 15 year fully amortizing loan with no balloon payment. These applicant's have a property that is unlikely to qualify for a bank or credit union refinance in the future. By structuring the loan with no balloon payment, the applicant does not have to refinance in the future and incur closing costs again. For instance, one client had a small mobile home park and poor credit. That client chose a 15-year fully amortizing loan. Another client had a pre-1976 mobile home on a large tract of land. This client chose a 15-year fully amortizing loan.
- Whether you're an entrepreneur looking to expand your business, an investor eyeing lucrative opportunities, or a seasoned real estate investor seeking refinancing options, we have tailored solutions to fuel your success. See below for a list of Residential Real Properties we support.
Types of Residential Real Property we support
Our residential real property financing options cover a wide range of property types, including but not limited to:
- Non-owner-occupied single-family residences
- Non-owner-occupied duplexes
- Non-owner-occupied triplex
- Non-owner-occupied fourplex
- Second homes that are not the applicant's primary residence
- Owner and non-owner-occupied multifamily properties in excess of four units
- And so much more!
Learn more about the types of properties we fund on our Property Types page.
Your Residential Real Property Financing Partner
At Brazington Mortgage, we take a personalized approach to your business-related financing needs. Our experts are committed to understanding your goals and helping you secure the right financing solution. With our guidance, you can make informed decisions and seize opportunities in the dynamic world of business. Whether you’re looking for funding for a new business, are looking to expand your existing operation, refinance a rental property, get the capital you need to make repairs or capital improvements, finish a construction project, pay business related taxes, get the capital you need for other business related purposes, or refinance a balloon payment with a long term private money loan, our team is here to help realize your goals. Give us a call to learn more about our private money financing secured by Residential Real Property.
For Commercial Mortgage Lending Solutions, give our team a call: (509) 922-4560
