(Newswire.net — May 4, 2020) — Tampa, FL — Westshore has opened operations in Tampa, Florida. The company is offering many short term options for real estate investors to bring their projects to completion.
Ray Wateska has opened an Investment Financing company in Tampa, Florida. He has various financing options that may be available to individuals who want to buy investment properties, fix them, and then resell them for a profit.
For more information see https://westshoremortgage.com
As he launches services in Tampa he is offering a comprehensive confidential consultation to anyone that has an investment property that needs financing. With decades of experience in the Florida market, he provides insights to each of his clients that are geared to save time and money.
Investment property rehab loans are once again popular. Ray now offers investor rehab loans and a fix & flip program to meet market demands. His most popular program offers financing up to 125% of the purchase price or up to 70% of the after repair value (ARV).
This is a short-term acquisition and renovation loan. It will not only enable an investor to acquire a property but will also give them a full six months to improve the property for resale. A new buyer may refinance the project into long-term permanent financing, which is also available through Mr. Wateska.
Borrowers must contribute at least $20,000 of their own funds into a project. The minimum amount is $100,000. This program is for corporate borrowers. The funds are for non-owner and investment properties.
The loans that are offered require no minimum credit score and no income qualification. It is a six-month loan rate that starts at 11% with no lender commitment fee, no lender due to diligence fee, and no prepayment penalty. Bankruptcy is not a hindrance and funds may be available in as little as 7 days.
The launch of this rehab loan program for investors in Tampa gives them a new viable option to quickly complete their real estate projects.
For further information see the above URL.