Lancaster, Penn. – November 14, 2019 – Stephen Rotay, president and owner of Rotay Capital Finance, is offering portfolio loans, also known as a blanket loans which are utilized to fund the purchase of multiple pieces of property. According to Rotay, portfolio loans are often sought after by real estate investors who purchase distressed single-family residences, condos, or townhomes for the purpose of generating rental income. “When an investor purchases real estate for repair and rental, it may be called a ‘buy and hold’ investment, which is a modification of the fix and flip investment strategy,” said Rotay.
Scott Charney, the company’s funding specialist and military veteran with the U.S. Army, has expertise in alternative financing commonly used for portfolio loans for a variety of reasons. “For example, foreign nationals who are new to the U.S. usually don’t have income history or credit established in this country, so they don’t qualify for traditional loans. Our portfolio programs allow the collateral of the loan to be a portfolio of properties to maximize the utilization of equity,” said Charney. “Other, more traditional programs base funding on the borrowers’ personal credit. This can be a problem for some. Even successful real estate investors face challenges when attempting to grow their investment portfolios beyond what a conventional loan will cover,” he said. “In summary, our portfolio program allows an investor to utilize equity in their current inventory of rental properties, utilize a customized purchase program for new acquisitions, cover up to 100 percent of the repair costs and when complete, roll everything into a long term, low interest financing program. With a portfolio loan, you can have an unlimited number of financed properties.”
Additionally, Rotay’s network of lenders can provide peer-to-peer mortgage loans based on the performance of the deal instead of traditional credit. “Since loans are secured on the real property itself, high credit scores are not required to get matched with the right lenders,” he said. “Investors can borrow up to 90 percent loan-to-purchase price of distressed properties with pledged assets. They can also borrow 100 percent of the rehab cost while only making interest payments during the rehab process.
Some of the common property types suitable for real estate investment loans with three or more include single family residences (SFRs), two to four units as in a duplex or a four-plex, townhomes, condominiums, among others.
General guidelines for real estate investment loans include the property is a suitable type and quantity to qualify for a portfolio loan and in the U.S. as a purchase or a refinance, the loan amount is between $100,000 and $100 million, and the loan term is between one to 10 years. Rotay Capital Finance may be a preferred solution for real estate investment loans due to the borrower makes interest only payments, loans are approved based on stated income and bank statements only, and there are no minimum FICO requirements, to name a few. The finance company can also provide non-recourse, secured loans, and pre-payment flexibility.
“We are finely-tuned to broker the right borrower with the right lender, in a short amount of time and with a very straightforward process. Real estate investment loans and peer to peer mortgage loans are available,” said Rotay.
Rotay recognizes the specific financial challenges of real estate investors and businesspeople who are mostly in central Pennsylvania and the general region. He accesses available products and services to provide greater success and the ability to customize tools or methods. As a longtime, local businessman, resident and community advocate, Rotay offers viable financing for small businesses as the core of the local, regional and national economy.
Rotay opened Rotay Capital Finance last year. He is a Lancaster resident and community advocate. Since 2000, Rotay has owned and operated five top sales and award-winning restoration franchises in Pennsylvania and New Jersey, a recruiting company, and other businesses. He spent most of his career in sales and management while coaching and mentoring company owners in management skills and building customer relationships. His experience and success provide a practical approach while advising clients. Rotay served in the United States Marine Corps with a focus on an appreciation for order, pride and quality. Rotay has received recognition in the categories of 50 Fastest Growing Companies and Business of the Year, among others. He resides in West Lampeter Township with his family and regularly participates in community and networking clubs, and events. For more information, call 717-299-9998 or email srotay@RCFinance.com. Visit the website at https://rcfinance.com/.
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