LendingOne is an Cleveland private money lender offering short-term mortgage loans to real estate investors in Akron, Cincinnati, Cleveland, Columbus, Dayton, Toledo. Get a private money loan for a property purchase, refinance, equity cash out, rehab or new construction purchase.
LendingOne New Construction Loans can provide the cash you need to grow your real estate investment property portfolio:
Speak to a New Construction expert today by calling 866-918-1974
Our New Construction Loans are perfect for real estate investors, builders and developers seeking competitive financing for the acquisition, development, or construction of ground-up projects. Working with LendingOne for new construction projects gives investors near Cleveland, OH the flexibility and capital to cover up to 85% of the project cost from single-family homes to larger multifamily properties.
Real estate investors looking to purchase or sell new construction properties in Cleveland, OH should consider analyzing the median listing prices of homes in the area. This allows investors to calculate whether there is enough margin for profit once all purchase costs and necessary repairs have been totaled before either selling the property again or holding it as a long-term rental investment. Rising prices in Cleveland, OH can indicate it is a seller’s market where demand for properties is high enough that sellers can increase their asking prices on new construction properties, and successfully close with that asking price. Alternatively, a market where prices have decreased could indicate a buyer’s market.
The number of properties available on the market in Cleveland, OH is another great indicator of that area’s popularity and potential profitability. Usually, minimal inventory means demand is high for that area. If properties are not vacant for long, there is probably a reason why people want to live there and new construction investors should take note of these factors when deciding if they should purchase a property in Cleveland, OH.
The length of time a property sits on the market can help new construction investors understand the supply and demand in Cleveland, OH. Shorter days on the market mean people are buying up or renting out homes at a faster rate. Alternatively, properties sitting vacant for longer periods of time can either mean asking prices are too high in Cleveland, OH, or there may be reasons why the area is not attracting enough buyers or renters interested in living there.
Education: Cleveland is home to one of the highest educated workforces in the country, greatly due in part to the surrounding top ranking schools in the Cleveland, OH area.
Economy: Cleveland‘s top employers are driving growth in the real estate market including General Hospital.
Businesses: According to the Cleveland Chamber of Commerce, Leisure & Hospitality, Professional & Business Services, and Education & Health Services have seen high job and wage growth.