Investor Real Estate Loans
Do you ever get the feeling your banker can talk the talk, but can’t walk the walk?
As real estate investors ourselves, our First Western Federal Savings Bank team finds the process of securing a mortgage for investment properties complex and frustrating. As non-recourse loan lenders, we felt very much the same. So, we broke the whole process down looking at it through both lenses — the investor and the lender. We removed the unnecessary components and reconstructed it to favor simplicity and efficiency.
We believe in “If it makes sense, do it!” and our motto is “We run our bank like a business, not a bank!” This is our way of talking the talk. And quickly offering a tier-one product to strong borrowers on desirable investment properties using our proprietary, streamlined underwriting criteria is our way of walking the walk.
Do you ever get the feeling your banker can talk the talk, but can’t walk the walk?
As real estate investors ourselves, we found the process of securing a mortgage for investment properties complex and frustrating. As lenders, we felt very much the same. So, we broke the whole process down looking at it through both lenses... the investor and the lender. We removed the unnecessary components and reconstructed it to favor simplicity and efficiency.
We believe in “If it makes sense, do it!” and our motto is “We run our bank like a business, not a bank!” Our way of talking the talk...
Offering a tier-one product to strong borrowers on desirable investment properties using our proprietary, streamlined underwriting criteria…quick! Our way of walking the walk...
Why First Western Federal Savings Bank
First Western Federal Savings Bank has been a portfolio lender for over 40 years. That means we keep every loan we make on our books and service them until the loan is paid off. Our lenders have experience working with investors like you who have lending needs that are different from the average investor. We have a top-notch escrow department that can tell you the status of your loan with us at any time. Our personalized service is second to none.
Special Scenarios
Perhaps you have maxed-out your Fannie/Freddie loan options. Because we are a portfolio lender, we offer the best overall program for real estate investors nationwide- with no limits to the number of loans or properties a borrower can own or leverage.
Or maybe you have created an LLC or Trust to hold your real estate holdings - shielding liability or to create anonymity. Nonsense is writing a personal loan and requiring the entity pledge assets. Common sense is writing a commercial loan direct to the legal entity owning the collateral.
Not every investor is the same. Whether you are purchasing your first investment property or are a seasoned investor with several properties, our Investor Loan Program is custom-tailored to each investor and is suited to help investors grow their portfolios.
Eligible Properties
From coast to coast, we lend in 49 states to investors for the purchase or refinance of investment properties. Whether leased long-term or operated as a nightly/weekly vacation rental and everything in between, we will consider nearly any developed property.
- 1-4 Family Residential
- 5 Units+ residential and apartments
- Commercial/Industrial buildings
- Ag Land with income
Process
Our process is straight-forward and simple. Complete the application and submit it along with transaction specific documentation (leases, Profit/Loss, Purchase Agreement or closing settlement statement) along with necessary financial condition reports on the entity/borrower/owners (tax returns, Personal financial statement, and paystubs, etc.). We will decision the loan within 48 hours, making a loan offer subject to appraisal/inspections. It is our goal to close the transaction within 30 days of our offer (property and contract dependent).
We lend up to 70% LTV. The property’s income is the primary driver for our investment property loans, but also taken into consideration is the total income for the entity applying for the loan and that of the owners/trustees of the entity, along with their credit histories. In most cases we will require a state-certified appraisal and personal guarantees from the beneficial owner(s) of the entity obtaining our loan.
Terms
We write 30-year loans. We offer both fully amortizing adjustable and fixed-rate loans.
Why Choose Non-Recourse Loans from First Western Federal Savings Bank
First Western Federal Savings Bank has been a nationwide portfolio non-recourse finance lender for over 40 years. That means we keep every loan we make on our books and service them until the loan is paid off. Our lenders have experience working with real estate investors like you who have lending needs that are different from the average investor. We have a top-notch escrow department that can tell you the status of your loan with us at any time, and our personalized service is second to none.
Benefits of Investor Real Estate Loans
Investor real estate loans can provide numerous benefits for both experienced and novice real estate investors. One of the key benefits is the ability to access financing for investment properties without using personal funds, allowing for greater diversification of investment portfolios. Additionally, these loans often come with more flexible terms and lower interest rates compared to traditional mortgages, making it easier for investors to purchase and manage multiple properties. The use of leverage can also magnify potential returns on investment, allowing investors to increase their profits while potentially mitigating risk. Moreover, these loans can offer tax benefits as the interest paid on them may be deductible on personal tax returns. Real estate investments as a whole have the potential to generate a steady stream of passive income, making it an attractive option for those seeking long-term financial stability. Let First Western Federal Savings Bank help you achieve these goals!
Special Non-Recourse Finance Scenarios
Perhaps you have maxed-out your Fannie/Freddie loan options. Because First Western Federal Savings Bank is a portfolio lender, we offer the best overall program for real estate investors nationwide — with no limits to the number of loans or properties a borrower can own or leverage.
Or maybe you have created an LLC or a Trust to hold your real estate holdings — shielding liability or to create anonymity. Nonsense is writing a personal loan and requiring the entity pledge assets. Common sense is writing a commercial loan direct to the legal entity owning the collateral.
Not every real estate investor is the same. Whether you are purchasing your first investment property or are a seasoned investor with several properties, our Investor Loan Program is custom-tailored to each investor and is suited to help investors grow their portfolios.
Eligible Real Estate Properties
From coast to coast, we lend in 49 states to investors for the purchase or refinance of investment real estate properties. Whether leased long-term or operated as a nightly/weekly vacation rental and everything in between, First Western Federal Savings Bank will consider nearly any developed property, including:
1-4 Family Residential Properties
Real estate properties designed and used for the residential occupancy of from one to four families.
5 Units+Residential and Apartments
Includes mid-sized commercial multifamily housing, such as apartment complexes with five or more individual units.
Commercial/Industrial Buildings
Ag Land with Income
What Our Investor Real Estate Loan Process Looks Like
Our non-recourse loan application process is straight-forward and simple. Complete the application and submit it along with transaction specific documentation (leases, Profit/Loss, Purchase Agreement or closing settlement statement) along with necessary financial condition reports on the entity/borrower/owners (tax returns, personal financial statement, and paystubs, etc.). First Western Federal Savings Bank will consider the loan within 48 hours, making a loan offer subject to appraisal and inspections. It is our goal to close the transaction within 30 days of our offer (property and contract dependent).
We lend up to 70% LTV. The property’s income is the primary driver for our investment property loans, but also taken into consideration is the total income for the entity applying for the loan and that of the owners/trustees of the entity, along with their credit histories. In most cases we will require a state-certified appraisal and personal guarantees from the beneficial owner(s) of the entity obtaining our loan.
CONTACT US FOR MORE INFORMATION
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