New Finance of America To Serve Residential REI
The national lender, Finance of America, has created a new side for those who invest in residential real estate. It is called Finance of America Commercial, and with rental units and the opportunities to flip houses being so great at the present, they are believed to be a leader in this market. Finance of America Commercial has easy and fast products available for investors that are just getting started as well as professionals with million already in their portfolios. This company is very competitive in the market offering very low pricing and a wide range of products. This new business is the result of Finance of America's purchase of B2R Finance whom had recently acquired assets from Jordan Capital Finance. There is a great deal of leadership and experience running the new company with Jordan Capitol's previous CEO, two senior vice presidents from B2R, and a senior vice president from Jordan Capital added to the team now. The new company helps customers across the United States with its biggest offices in Charlotte and the outskirts of Chicago. Finance of America Commercial has the ability to help people who may not meet certain requirements of Fannie Mae or Freddie Mac. They are dedicated to growing trusting relationships with investors across the country who want to grow their own business while developing new products all the while.
Key Takeaways:
- There are approximately 16 million rental vacancies in the United States.
- Consumers are purchasing, reselling and rehabbing homes in ever-increasing numbers.
- For investors in real estate, the moment is golden in the United States.
"Finance of America, a national lender known for its home loans and reverse mortgages, has created a new unit dedicated to serving residential real estate investors: Finance of America Commercial."
Read more: https://thinkrealty.com/finance-of-america-commercial/