CLOSE IN 48 HOURS OR LESS! READY TO GET STARTED?
A borrower based in Wilmington purchased a property cash and continued with his own funds to repair the home. However, he needed additional funds to complete the renovation, and sought out EquityMax to help finish his fix and flip project.
|Cash Out REFI|
|Location – Wilmington, North Carolina|
|Loan Amount – $25,000|
|Purchase Price – $102,500|
|Loan Type – Cash-Out Refinance|
|Term – 12 Months|
|Rehab Amount – $75,000|
|After Repair Value – $250,000|
|Profit – $50,000+|
BIO-tech industry fueling new buyer demand throughout the greater Raleigh / Triangle area and surrounding region.
5+ years, and counting, of increasing values in the greater Charlotte real estate market.
Urban Market Inventory
Decreasing number of investment opportunities have caused investors to expand geographic scope and seek opportunities in nearby suburban and rural areas
Based on the newest available data regarding home values across North Carolina, the strategy of whether to flip a property or hold for rental could easily depend on how many bedrooms the home has. 2 bedroom homes are seemingly holding less value than homes with 3 or 4 bedroom homes. This may be an opportunity to leverage 2BR homes for a higher rate of return when renting to tenants, given the lower overall home value of these homes vs. 1, 3, or 4 BR homes.
"The whole team at EquityMax expedited my loan, closing in 2 days once title came back. The approval process was easy and communication was friendly, effective and exceptional. Gregory and Elly were always available to me, and their helpful proactiveness was the key in getting everything done with all parties involved. When I was concerned, Gregory told me we could make this opportunity happen on time, and he not only knows his business, but is a man of his word. A great financing source for any level real estate investor!"
High LTV / Low Rates / Flexible Term
Minimal Insurance Requirements
Zero Prepayment Penalty
ZERO Credit or Qualification Requirements
No Personal Guarantee Required
Free Comparable and Repair Analysis
Catering to Real Estate Wholesalers
1-3 Day Funding
Minimal Notice to Close
Invest through a Self-Directed IRA or Solo 401K
Net Proceeds from Investing are Tax-Deferred
No Personal Guarantee
Have you been previously denied by a lender? Get a second chance with EquityMax
EquityMax is a proud corporate member of TREIA (Triangle Real Estate Investor’s Association). Based on Cary, NC, the group boasts over 1,000 active members spanning the broad spectrum of real investing – from real estate agents to mortgage brokers to full-time investors. EquityMax attends their main monthly meeting, networking with fellow investment professionals and expanding financing opportunities for the company.
EquityMax lends on any form of residential property, including single family homes, 1-4 multi-unit properties, condominiums & townhomes, and even small apartment complexes (20 units or less). We also lend on commercial property and industrial warehouses.
EquityMax can send a borrower a Proof of Funds within 5 minutes of receipt of an acceptable, three-score credit report. If a borrower does not have a recent report, he/she can request that Equitymax pull it. For instructions, please click here.
Yes. EquityMax has multiple borrowers with several active loans in our portfolio.
EquityMax does not require our borrowers to be a Corporation of LLC. We can originate loans to individuals, LLCs, Corporations, Land Trusts, and Self-Directed IRAs.
EquityMax lends on real estate throughout the state of North Carolina. We are not geographically limited as to where we will finance in the state.
EquityMax will lend in urban, suburban, rural, and agricultural areas of the state.
While EquityMax is not a licensed real estate broker in North Carolina, we have partnered with several real estate companies, wholesalers, etc… that are actively selling real estate in your area. Feel free to reach out to us and we will connect you with various sellers of real estate throughout North Carolina.
Interested in more detailed information on financing options for your real estate investment in North Carolina? Speak with our owners directly today!