RFG is here for you in any market. There are signs of improvement starting to pop up, and we’re here to support your investment projects - and to encourage you not to stay on the sidelines!
Reno projects can take 12 months or more. Start yours today, and be ready to profit as the market moves upward.
RFG’s own John Santilli has been nominated for the 2023 Excellence Awards - Member of the Year from the American Association of Private Lenders!
Public voting for the Member of the Year awards is open now through Sept. 30. For more information and to cast your vote, go to: https://aaplonline.com/awards/
Come to the AAPL Roundtables
John Santilli will be one of the industry leaders presenting at the AAPL’s upcoming Virtual Private Lender Roundtables series. He will be one of the discussion leaders of the Distribution Channels breakout for the Scale-Stage lenders session. It will be on Thursday, September 21 from 1:30 - 3:30PM
Market Conditions and Trends: Residential Mortgage Originations UP 21% Quarterly
For the first time in two years, ATTOM’s Quarterly U.S. Residential Property Mortgage Origination Report reveals some great news: residential mortgages are up 21% when measured quarterly. Yes, overall annual figures are still down 38%, but this is encouraging news. ATTOM also found that total home lending activity went up in Q2, after having declined for 8 consecutive quarters.
The report also noted that total activity rose after eight straight declines that had reduced lending by two-thirds. The top markets with largest quarterly increases in purchase-mortgage originations include:
On Wednesday, Oct 25, 2023 at 1 P.M. EDT please join RFG and our two nationally distinguished guests via Zoom. Rick Sharga and Brian Mingham, will be sharing their unique expert insight regarding many topics critical to achieving success in the world of real estate investment.
“I have always been treated with respect by RFG. I really feel like they want me to succeed.” - AI C.
With no down payment required, and a 100% Premier Loan from RFG that covers all renovation costs, real estate investors can get right to work on rehabbing their latest project.
Here’s an example of how it worked for an investor rehabbing a 5-unit apartment building in Philadelphia, using an RFG Fix-to-Rent Loan.
The configuration of the building was four 1 bed/1 bath apartments, and one studio apartment.
With the loan covering rehab costs of $148,000, our client had the cash he needed to quickly install new electric, plumbing, heating, and flooring throughout.
He put in a new kitchen and bath in each of the five apartments.
Results:
Appraisal Value after Rehab increased by $272,000 over original, plus monthly rents amounted to $4,700. The entire building was quickly rented out when renovations were completed!
