The high sticker price of any major rehab project can make an investor think twice about whether it’s going to fit into the budget. Fortunately, there is an excellent financing option available to investors with GL&L Holdings. We can help them make projects possible that would otherwise be out of reach.
GL&L Holdings has invested in many “fix & flip” properties and has done all types of rehab loans. We can help you by not only financing the purchase of the investment property but if the ARV (After-Repair-Value) is high enough, we can potentially finance your entire remodel with our competitive interest rates.
Why Choose Financing?
There are a number of practical reasons to finance a rehab project. The first is simply time. With any rehab project, you want to get it done as soon as possible so you can enjoy the benefits in the present.
With GL&L Holdings, our Underwriting team understands the importance of time, so we work extra hard to potentially close within 2 weeks.
Where to Start
When you’re ready to finance, the first step is to talk to a lender about financing options available to you. We at GL&L Holdings offer competitive interest rates, generous terms and try our best to provide you with excellent service. Property financing is our business, so we bring a wealth of experience to the table and a wide array of options for you to choose from.
Final Thoughts: Variable vs. Fixed Interest Loans
Here is our final word:
• Make sure you know the difference between fixed and variable interest loans:
• Variable loans are very attractive, usually having lower initial rates than fixed varieties, and are a very wise choice if you think you can pay off your loan quickly.
• However, variable means that the interest rate can, and will, change.
• That super low-interest rate can climb quickly along with your payments and can wreak havoc on finances if you’re not prepared.
• Fixed-rate loans have a set or “fixed” interest rate for the life of the loan.
• You’ll pay a little higher interest rate initially, but if you’re in it for the long haul, fixed-rate loans offer more security and peace-of-mind when it comes to financing any home improvement/rehab project.
Call today to speak with one of our experts and find out how GL&L Holdings can make Real Estate Investing Possible for You!
