Realty411 Magazine Featurig Kathy Fettke - Real Wealth Network | Page 50

Jumpstart Your SFR Portfolio, pg. 49 than 20 fix/flip projects per year and only within the 1-4 unit residential arena. Line amounts start at $500,000 and go upwards of $5,000,000. Borrowers have 12 months to utilize the proceeds and 12 months to pay back each draw. This loan has no prepayment penal- ties. For the more active investor, our Institutional Line of Credit offers additional flexibility as it allows for both residential 1-4 unit properties and commercial prop- erties up to 20 units. The Institutional Line of Credit is also a revolving line, meaning you can access the funds multiple times. Line amounts start at $3,000,000 and can go as high as $50,000,000. Borrowers have 12 months to access the proceeds and typically 9 months to repay each draw. This is a non-recourse loan and has no prepayment penalties. Also important to note is that you can utilize either the Entrepreneurial or Institutional Line of Credit to build your own personal rental portfolio. Once you have completed the renovations on your fix/flip proper- ties, you can look to refinance your holdings into one of Colony American Finance’s term loans. NON-RECOURSE TERM LOAN OPTIONS If your SFR rental portfolio has five or more prop- erties, Colony American Finance is your option for attractive financing options. Our loans are underwritten like a commercial loan, which means no more debt-to- income ratios hurting you when qualifying. Rather, your portfolio is underwritten on the assets and the cash flow generated from those assets. Plus, because we lend across the U.S., a single term loan can be made on portfolios with holdings in multiple states. Our rates are competitive with traditional FNMA loans, are amortized over 30 years and can be fixed for five or ten years. Our loan amounts start at $500,000 and can go up to $100 million – and almost all term loans are available on a non-recourse basis. Important too, is that borrowers can have multiple tranches of loans to facilitate estate planning or property manage- ment issues. Whatever your investment style, we have the capital for either strategy. It’s an exciting time to be an inves- tor; trends indicate that the rental market will continue to improve over the next decade. Colony American Fi- nance is ready to provide meaningful and cost effective financing options for your portfolio. Colony American Finance (www.colonyamericanfinance. com) is the leading provider of low cost, non-recourse revolving bridge & permanent mortgage financing for owners of single family rental portfolios. Our affiliate, Colony American Homes, owns more than 22,000 homes across the United States, so we approach lend- ing from the perspective of the landlord-investor. Both companies are owned and controlled by Colony Cap- ital LLC, a real estate investment firm with $54 billion invested, including a publicly-traded mortgage REIT. When you work with Colony American Finance, you are talking to a professional, experienced lender who offers competitive rates, knows how to underwrite and get your deals funded. Please call 1844.CAF-CAF1 and visit us at http://www.colonyamericanfinance.com to refinance your rental portfolio or leverage your buying power with a credit line. We have the capital for either strategy. For two years, REI Wealth Monthly has been delivering vital industry news, tips and insider secrets to success. REIWealthmag.com REGIONAL STRATEGIES Auction.com recently released data that showed investors are favoring buy-and-hold strategies over fix/ flip on a nationwide basis, but that investor intent varies between online/offline investors, regions, and property prices. Midwesterners and Southerners are more likely to buy and hold whereas those in the Northeast are more likely to fix/flip. Investors in the western states are evenly split between fix/flip and buy/hold strategies. Realty411Guide.com PAGE 50 • 2016 Private Money411