Ground Up Construction, Fix and Flip and Rental Funding in Michigan
Michigan is an attractive state for real estate investors due to its diverse economy and strong housing market. Funding for investments including short-term and long-term rentals, fix and flips (bridge loans) and new construction are available. Don't wait!
Michigan Loan ApplicationInvestment Properties in Michigan
If you're looking for a great place to invest in real estate, Michigan should be at the top of your list. There are many opportunities here, whether you're looking for fix-and-flip properties or long-term rentals. The market is diverse, with something to offer for every type of investor.
Michigan is home to many major companies. From Detroit to Grand Rapids, these businesses offer great benefits, competitive salaries, and exciting work environments: Quicken Loans, Google, Amazon, Microsoft, General Motors, and Ford Motor Company.
Because of the number of large employers in metropolitan areas, apartment living can be a solid real estate investment. Rental income, fix and flip, or large projects are all popular and needed in the Michigan real estate market.
Another plus for investing in Michigan is the lower cost of living. This makes it an attractive option for rental properties, as tenants will be able to afford to live comfortably without breaking the bank. Average rental prices are $1,089.
When it comes to local workforce and general demographics of the state, 25 to 34-year-olds make up 13.7% of the population, while 35 to 44-year-olds make up 16.1%. 45 to 54-year-olds make up 34.8% of the population.
With a population of approximately 9.9 million as of 2014, it is the tenth most populous state in the United States and the fifth most populous in the Mid-Atlantic region. Today, Michigan is known for its diverse economy, which includes a strong manufacturing base as well as a thriving agriculture and tourism sector. The state is also home to a number of top universities and research institutions. Student housing can become a real estate investment opportunity, as can growth in agriculture-rich areas which are seeing population increases providing housing investment needs or even fix and flip loans. Every year, millions of people visit the state to enjoy its natural beauty and attractions. Michigan is also a popular destination for real estate investors, as it offers a wide range of potential investment opportunities. The state has a wide variety of property types to choose from, as it is home to both urban and rural areas, as well as a variety of climate zones. Whether you're looking for a fixer-upper or a luxurious waterfront property, you'll be able to find it in Michigan. And because the state is home to so many tourists, there's always a good chance that your investment will pay off in the form of rental income.
If you're looking for a great place to invest in real estate, Michigan should definitely be on your radar. With its potential for high returns and a low cost of living, it's a great option for any investor.
Another plus for investing in Michigan is the lower cost of living. This makes it an attractive option for rental properties, as tenants will be able to afford to live comfortably without breaking the bank. Average rental prices are $1,089.
When it comes to local workforce and general demographics of the state, 25 to 34-year-olds make up 13.7% of the population, while 35 to 44-year-olds make up 16.1%. 45 to 54-year-olds make up 34.8% of the population.
With a population of approximately 9.9 million as of 2014, it is the tenth most populous state in the United States and the fifth most populous in the Mid-Atlantic region. Today, Michigan is known for its diverse economy, which includes a strong manufacturing base as well as a thriving agriculture and tourism sector. The state is also home to a number of top universities and research institutions. Student housing can become a real estate investment opportunity, as can growth in agriculture-rich areas which are seeing population increases providing housing investment needs or even fix and flip loans. Every year, millions of people visit the state to enjoy its natural beauty and attractions. Michigan is also a popular destination for real estate investors, as it offers a wide range of potential investment opportunities. The state has a wide variety of property types to choose from, as it is home to both urban and rural areas, as well as a variety of climate zones. Whether you're looking for a fixer-upper or a luxurious waterfront property, you'll be able to find it in Michigan. And because the state is home to so many tourists, there's always a good chance that your investment will pay off in the form of rental income.
If you're looking for a great place to invest in real estate, Michigan should definitely be on your radar. With its potential for high returns and a low cost of living, it's a great option for any investor.
✓ Just a few of the locations we service - Warren, Kalamazoo, South Lyon, Sterling Heights, Muskegon, Lansing, Flint, Ann Arbor, Grand Rapids, Saginaw, Holland
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Michigan
Loan Summary Information for Michigan
Getting the right funding in Michigan can be challenging but we can help; Lend Some Money (LSM) offers private money for real estate, built for your local investment needs in Michigan. Whether you flip houses, or are interested in building a new home to sell, or a rental for the long term, LSM has a product that can help. We are one of the premier hard money lenders in Michigan. Read on to learn more about our current offerings in Michigan.
Loan Products | FICO | $ Loan | Term | Rate | Points |
---|---|---|---|---|---|
FIX&FLIP (BRIDGE) | 620+ | $75K+ | 12-24 Mos | 10.25%+ | 2-4 |
RENTAL (1-4) | 660+ | $75K+ | 30-Yrs | 7.59%+ | 1-4 |
RENTAL (5+) | 680+ | $250K+ | 30-Yrs** | 7.89%+ | 2-5 |
NEW CONSTRUCT | 650+ | $75K+ | 12-24 Mos | 10.89%+ | 2-4 |
All loans must be used for non-owner occupied properties purchased for investment. Commercial properties are not eligible for lending unless they are mixed use and comprise at least 50% residential use.
** 30 Years 5, 7, 10 or interest only