ARC Capital Does Non-Owner Occupied Loans

 

ARC Capital secures loans using a property you own or are buying.  The property is called the securing collateral.

 

In more simple terms, the borrower offers their property to the lender in exchange for a loan.  This way if the borrower stops making the loan payment the lender can take the property to recoup their losses.

 

Below are examples of non-owner occupied property that would qualify as the securing collateral.  A non-owner occupied home is NOT your primary residence.  It can be your second home or an investment property.

 

Non Owner Occupied Second Home Loan

 


 

 

Non Owner Occupied Loans

 


 

What Types of Loans Can You Do With Non-Owner Occupied Properties?

 

ARC Capital has three main types of loan programs that we can do with non-owner occupied properties.

  1. Non-Owner Occupied Hard Money Loans (also called Private Money Loans)
  2. Non-Owner Occupied Fix and Flip Loans
  3. Non-Owner Occupied Alternative Financing Loans

 

1. Non-Owner Occupied Hard Money Loan Program

Our hard money loans are for all property types located in the state of California.  We work with over 400 private investors to achieve lending terms that meet your current needs and investment goals.  If you have bad credit, are self-employed and can’t prove your income, or have issues with your property, this could be the loan program for you.

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2. Non-Owner Occupied Fix and Flip Loan Program

Our fix and flip loans are for properties located in California, Colorado, Connecticut, Florida, Georgia, Illinois, Maryland, Michigan, Missouri, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia.  A fix and flip loan is also known as a rehab loan.  Fix and flip projects involve purchasing properties, making repairs and upgrades to make them more appealing to potential buyers, and then selling them for a profit.

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3. Non-Owner Occupied Alternative Financing Loan Program

These loan programs fill the gap between conventional financing and hard money loans.  Alternative financing is for all property types.

This is for the borrower who doesn’t qualify for a bank loan but also doesn’t want a private hard money loan.

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