HomeVestors® Franchisees have always had options when it comes to financing purchases or the rehabilitation of investment properties.
For many credit-worthy investors, the most reliable and convenient option has been their bank. But thanks to recent turmoil involving several prominent banking institutions, Franchisees may be asking themselves a few key questions:
Can I still rely on my lender for future financing requests?
Will my lender suddenly change its guidelines or requirements?
Do I need to diversify my capital sources?
How can I feel more confident about getting the loan I need in this climate?
We at Silver Hill Capital, LLC can’t claim to have all the answers. But as a longstanding, non-bank mortgage lender and HomeVestors® partner (and fellow member of the Bayview family), we do possess both a deep understanding of the unique challenges Franchisees face today and a vested interest in your success.
Over the years, we’ve seen firsthand how a diversification mindset helps investors obtain capital they may not have been able to secure with other lenders. Typically, a prospective Silver Hill borrower is looking for higher LTV, fewer income verification requirements, cash-out eligibility, or simply a more flexible outlook when it comes to rental financing.
Will other lenders tighten their loan programs, stop lending altogether, or even stop funding rehab draws in light of the crises that have dominated recent news cycles?
It remains to be seen, but investors who value reliability and closing speed may feel more comfortable having several alternative financing options on hand while their existing financing partner navigates this challenging period.
One of the benefits of being a HomesVestors® Franchisee is the fact that you have several non-bank lending partners who are aligned with your interests and dedicated to providing the solutions you need.
As a fellow member of the Bayview family, Silver Hill will be right where you need us – a phone call or email away, with fix-n-flip and long-term financing programs tailored to Franchisees.
Truth is — even in these challenging times, we’ve surpassed our own expectations for closings this past month. And it looks like momentum will continue to build as we develop relationships with more Franchisees and Developments across the nation.
Your existing financing partners may continue to be a smart option for you, especially if you’ve enjoyed a strong relationship over time. But diversifying your capital sources in 2023 could help you feel more prepared to deal with new challenges that may arise. As a Franchisee, it may make the most sense to partner with a non-bank alternative within the same family.
With the end of Q1 2023 fast approaching, now is a great time to review the Silver Hill options available for your fix-n-flip and long-term rental financing needs.
Fix-N-Flip Financing:
Since late 2022, Silver Hill has offered bridge lending solutions exclusively to HomeVestors® Franchisees. This means that our programs and transaction process are geared only to you and your specific needs.
What does that look like?
For starters, we’ve developed a streamlined underwriting process to solve for the #1 issue Franchisees tell us they deal with today: time to close. Now you can obtain the fix-n-flip financing you need in as few as 10 business days.
Then we created a tiered lending program to make it easier for Franchisees with varying levels of experience to get approved for funding. Silver Hill can provide up to 100% of cost for both purchase and rehab at pricing that is in line with other lending alternatives.
Silver Hill may be new to the HomeVestors® family, but our fix-n-flip team has already made an impression with Franchisees like Bill Blalock in North Carolina:
“The loan application process with Silver Hill was quick and easy. They closed fast, answered all our questions, and we will be using them for all our purchases going forward.”
Is it your turn?
Take the next step with our dedicated lending team and see how focused we are on creating a positive lending experience for you and your business.
