BiggerPockets

Owner Financing to Purchase Memphis, TN Investment Properties

Monday, January 31

FOR IMMEDIATE RELEASE
Contact: Alex Craig
 901-848-9028
alex@lainerei.com

Laine Real Estate Investments Launches Owner Financing Program

MEMPHIS, Tenn. (Jan. 2, 2011) – Laine Real Estate Investments is happy to announce they now offer owner financing through Memphis REI Capital to purchase investment real estate properties in Memphis, TN.  The program requires 40 – 50% down payment with the option of a 5 to 10 year amortization rate at an interest rate of 10% and a 5 year call of the loan.  All loans will have a 5% origination and $250 processing fee.

“We are very pleased with the program our private lenders have agreed to launch.  Even though these short term loans are designed for investors to leverage their cash to buy more properties and pay off their loans quickly, the option of a 10 year amortization schedule allows our borrowers to have larger cash flow to help reduce out of pocket cost to cover periods of vacancy and maintenance,” said Laine REI partner Alex Craig.

“We are seeing an increase demand on a nationwide scale by investors to have programs that allow purchase of real estate outside of traditional financing from lenders, especially on a worldwide front where in the past, the only method to purchase real estate by international investors was cash,” Craig continues.  “Our program is very competitive to other organizations within our market and allows us to stay on the front of an increasing competitive and innovative industry.”


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About Laine REI
Laine Real Estate Investments is locally owned and operated by a group of investors in Memphis, TN.  They offer all the services necessary to individuals looking to add Real Estate to their investment portfolio.  The central theme within their organization is excellent customer service to create peace of mind with their investors.  
More information can be found at www.lainerei.com.

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