Record Low-Interest Rates
The continuation of low interest rates in the housing and commercial real estate markets has contributed to the current buying frenzy seen in both of these sectors. This is expected to continue at least through the first half of 2021 as the economy struggles to recover from pandemic-related issues. Buying now could add up to big savings in interest and in fees over the life of your commercial real estate mortgage. By contrast, waiting until interest rates begin to rise again sometime later this year could cost you significantly more in interest for your real estate investments.
Soaring Rental Prices
With fears about the pandemic everywhere in 2020, investors and property owners can expect an increase in the number of virtual tours and closing processes requested by buyers and renters. By taking a visual tour of the property before or instead of visiting it in person, individuals and companies can often reduce the amount of face-time and risk involved in deciding on new premises or a new home. As the pandemic winds down, this trend is expected to continue for the foreseeable future and can make it easier for investors to compare properties with minimal legwork.
Bargains Are Still Available
Increased Demand for Alternative Lending
Recent economic challenges have created added demand for alternative funding sources. Alternative lenders can often provide funding when traditional banks cannot. By working with lenders like ReProp Financial, you can expand your real estate investment portfolio while ensuring that you have the best and most reliable source of funding for these and future investment opportunities.
At ReProp Financial, we specialize in providing funding for commercial and non-owner occupied residential mortgages and real estate investments. We serve the western portion of the United States with innovative and flexible funding options designed to suit the needs of investors like you. Give us a call today at 707-444-7711opens phone dialer to discuss your funding requirements or to submit a loan request. The team at ReProp Financial is here to help you now and in the future.