Civic Financial Services
has announced its new Rental Program
, designed for real estate investors who are focused on aggregating rental properties. The program includes 5/1, 7/1, and 10/1 interest-only ARM products for either a single asset or a portfolio of properties, allowing investors to further expand their businesses.
“My two favorite words are more and now, and we are delivering more options to our customers right now,” said William J. Tessar, president of CIVIC.
CIVIC’s expansion of its product offerings serves real estate investors with a rental strategy, who may not meet the requirements of the conventional lending space and/or do not want to go through the painstaking process associated with a conventional loan. CIVIC provides an easy loan process with straightforward terms and less documentation requirements. The lender's Bridge Program, which has made CIVIC a preeminent player in the investor lending space, coupled with its Rental Program, delivers a one-two punch for the investor focused on acquiring distressed properties with the intent to hold and rent.
“Our entire product portfolio is designed with the primary focus on creating opportunity to enrich our customers,” says Tessar. “In markets where valuations are softening, there may be less opportunity to ride the wave of appreciation, leading investors to adopt a longer-term strategy. With our product line-up, now including rental, CIVIC will continue to deliver speed, leverage, and consistency. We can help our clients grow their portfolios and reach their goals—whether they are looking to fix and flip quickly or rent their properties. We want to be the lending partner for our customers, in all of those scenarios.”