Investing in a property is a huge deal and a hard money lender can make that deal easier and faster for you. As a real estate investor (experienced or beginner) one of the advantages you get from a hard money loan is the possibility to agree on repayment terms that adjust to your situation and your investment goals.
For example, you can set monthly payments for the period of the loan or you can agree on a full payment due at the end of the loan term, which is known as a balloon payment. You can decide to extend the loan program or enroll in a new one as well.
Some hard money lenders can have a specific type of property in their lending portfolio. For example, some might work with residential properties but only houses and not apartment buildings or they can work with commercial properties located in a certain area. So you have to make sure you contact the one that aligns with the deal you’re looking to get funding for.
Whether it’s for commercial or residential investment, Riverview is a good city to do so. It has a population of 91,190 residents and it’s located in Hillsborough County, where living costs estimates are:
$265,407 for a median home in the real estate market and the average rent per month is $2,077. The homeownership rate is 71% and rent 29%.
This is what the education levels of Riverview’s local residents look like:
- 91.7% are High School Grads or higher
- 31.3% have a Bachelor’s Degree or higher
In terms of local economy, the per capita income is $30,997 and the most recent job growth has been 2.25%.
Some of the top locations Riverview is known for include the International Independent Showmen’s Museum, Triple Creek Nature Preserve, and Alafia Scrub Nature Preserve.
Hard money lenders in Riverview, Florida can give you access to a hard money loan and work with you even if your credit score isn’t the most optimal, they’ll present you the different loan programs they have and suggest the one that fits you best.