You don’t need my spouse’s business information?

Commercial real estate can be a fantastic investment, providing a steady revenue stream and an asset with the potential to appreciate dramatically over time. As rents continue to rise around the country, residential rental properties can be particularly lucrative—but acquiring an apartment mortgage can be unnecessarily complex, requiring reams of paperwork and extensive documentation. Fortunately, Howell Investment Finance in Ames, IA, can connect prospective property owners with lenders willing to issue apartment mortgages without the one very large lender requirement, your tax returns.

If you own any multifamily units, you know applying for a loan through a bank or other traditional financial institution usually means producing several years' worth of past tax returns. The bank will also likely want information about your spouse's financial background, as well as reports from any other investment properties you own. Not only may this disqualify you with some lenders, the process can be extremely onerous---especially if you're trying to purchase a property that's already profitable.

Howell Investment Finance works with a variety of lenders who provide non-recourse loans (no personal guarantees required), which means their decisions are based on the property's net income rather than your own financial state. Instead of your own personal tax returns and other financial information, you may be able to to get an apartment loan at competitive rates by submitting proof of the profitability of the investment. With their expertise, they will help you navigate the difficult process, ensuring that every qualified borrower gets the financial backing they need.

Howell Investment Finance in Ames, IA specializes in commercial loans obtained through HUD, Fannie Mae, Freddie Mac and maintains a wide network of lenders across the country, giving them a wide range of options for you.  In addition to Ames, the company serves Ankeny, Cedar Rapids, Des Moines, West Des Moines, Dubuque, Sioux City, Davenport, and Iowa City.

Visit their website now to learn more about their commercial lending services, or call (515) 233-8228 to start financing your apartment today.