RALEIGH, N.C./ MAY 06, 2019 (STL.News)
LYNK Capital, LLC, a private lender specializing in fix & flip loans and construction loans, has announced a new mid-term rental loan program for investors interested in turning their rehab projects into rental income.
The program is perfect for investors who own single-family properties and are looking to bridge the gap between short-term loans and longer bank-term financing. This product will complement LYNK Capital’s current fix and flip and new construction loan programs by offering investors the ability to retain completed properties as rental investments.
“As the real estate market evolves, we see more investors maximizing their returns by building a portfolio of rentals rather than quickly flipping properties, and we want to provide a solution for those investors,” said Ben Lyons, LYNK Capital’s Fund Manager. “For borrowers who financed their renovation or construction loan with LYNK, we can convert them to a rental loan quickly and easily.”
This product is available in all states in which LYNK Capital does business and is underwritten primarily based on the cash flow of the property, not the income of the borrower – this makes the approval process much faster and easier than traditional bank financing.
For more information on LYNK Capital’s new rental loan program, visit http://www.lynkcapital.com.
LYNK Capital is a fast-growing private lender offering residential renovation, construction, and rental loans. LYNK Capital has offices in Raleigh, Charlotte, Baltimore, and Jacksonville, and does business in ten states in the eastern United States