Best Michigan Investment Property Loans (Hard Money - DSCR) - Easy Street Capital!

[Robin Simon]

Easy Street Capital is proud to be a leading private lender for The Great Lake State! We offer industry leading Hard Money and DSCR Loans for every type of Michigan Real Estate Investor. Easy Street Capital is the investment property loan provider for real estate investors of all experience levels and specialties, including popular strategies such as Short Term Rentals, Fixing and Flipping and the BRRRR Method! Our Michigan DSCR Loans are perfect rental loans for the long-term real estate investor looking for cash flow. Our Michigan Hard Money Loans are ideal for renovators looking to add value through rehabs or ground-up construction!

Check out the rest of this Michigan Investment Property Loans page for all the information you need on our loan programs. Check out recently funded rental loans, information on all of our loan programs, FAQs, market analysis and more!

Real Estate investors from across the country are traveling towards investment properties in Michigan to build rental portfolios. The Great Lake State is a current favorite of real estate investors due to many factors including a strong economy, affordable prices and stable rents! Easy Street Capital is proud to be a leading provider of investment property loans for real estate investors looking to build rental portfolios in Michigan!

Loan Types for Michigan Real Estate Investors

When it comes to real estate investing in Michigan, there are great market types of investment property loans to choose from. For investors that like to get their hands dirty, rehabbing run-down properties, hard money renovation loans are a perfect choice! These loans allow you to buy a property quickly and finance your rehab costs as well! Once you are done, you can either “flip” the property for a quick profit or pursue the BRRRR Strategy by renting it out and then refinancing into a long-term, low-rate DSCR loan!

Long-term DSCR Loans are also great for investing in turnkey rental properties. Turnkey refers to properties that are rent-ready and require no renovations. Move-in ready single-family homes and fully furnished short term or medium-term rentals are great for cash flow and price appreciation. Most DSCR Loans are fixed rate for thirty years, locking you into a fixed interest rate for the long-term. While, if historical patterns continue, rents and appreciation increase steadily each year. Bottom line, debt costs stay the same while cash flow increases!

Real estate investors in Michigan are pleased to find a market that does not impose prepayment penalties, offering them the flexibility to refinance without financial restrictions. While some lenders may adjust interest rates slightly higher to accommodate this flexibility, the freedom to refinance remains a significant advantage for investors.

Where To Invest In Real Estate In Michigan

Michigan is a highly favored market for real estate investors, offering a range of diverse cities that cater to various investment strategies. Ann Arbor is the state's fifth largest city and home to the prestigious University of Michigan. Cheboygan, the northernmost city in Michigan's Lower Peninsula, is an excellent STR market with high projected revenues and moderately priced homes. Across the lake from Cheboygan in the Upper Peninsula is Saint Ignace a solid city for short term rentals that acts as the gateway to Mackinac Island. Kalamazoo is a strategically positioned city that is equidistant from Chicago and Detroit – an up and coming city home with plenty of prime medium term rental opportunities. Lastly, Petoskey is a hidden gem market for short-term and vacation rental investors, known for its scenic beauty and lakeside charm.

Read The Full Article Here!

Are you a Property Manager, Full-Scale Mortgage Broker (including Conventional, Non-QM) in Michigan? We are looking for trusted professionals in Michigan to refer our investor borrowers too! Comment or DM me to discuss, and we can potentially feature you on our website!

[Robin Simon]

Recent Easy Street Capital DSCR Loans and Fix And Flip Loans in Michigan!

Note - we follow state regulations requiring a max of 1% prepayment penalty in Michigan, requiring us to charge otherwise higher rates for Michigan DSCR Loans than otherwise.

💵Just Funded💵
$101,400 acquisition of a cottage condo in Houghton Lake, Michigan by @Zach Edelman Don't let the high rate fool ya, this property should still cash flow as a Short Term Rental and with no prepayment penalties, borrowers have max flexibility to refinance when rates drop!

💵Just Funded💵
$139,500 Cash-Out Refinance DSCR Loan on a SFR in Garden City, Michigan! Property is utilized as a medium-term rental, an increasingly popular real estate investing strategy, that brings in more robust cash flow than a LTR equivalent!

💵Just Funded💵
🏘️Multifamily DSCR Loans🏘️
$371,000 Cash-Out Refinance DSCR Loan on an 8-unit apartment complex in Midland, Michigan. Previously owned free & clear, borrower cashes out to take advantage of a moving market and buy more properties. As banks tighten up uw and shorten amort, 30-yr fixed, fully am, DSCR loans = 💰💰💰 via @Zach Edelman

[Robin Simon]

More Michigan Rental Property Loans (Michigan DSCR Loans) and Michigan Hard Money Loans successfully funded by Easy Street Capital!

💵Just Funded💵
$486,000 Cash-Out Refinance Portfolio "Blanket" Loan on a group of single family rental investment properties in Oak Park, Michigan! Yes - Easy Street is still executing on DSCR Portfolio (cross-collateralized) financing - this investor consolidating here!

💵Just Funded💵🎨Creative Financing🎨
$100,000 Rehab Loan (Hard Money) provided to a real estate investor to tap cash from a rental property to finish out the basement and create an additional rental unit on this property in Midland, Michigan! Create big value w/ the project!

💵Just Funded💵🏖️AirBnBRRRR🧊
$840,000 Cash-Out Refinance DSCR Loan on an short term rental in Union Pier, Michigan! This beautiful vacation rental is recently renovated and sits on the east bank of Lake Michigan - should thrive as a Midwest Destination STR!

💵Just Funded💵🏕️airbnb Loans🏕️
$513,000 Rental Property Loan (DSCR Refinance) on a Short Term Rental investment property in Linden, Michigan! This beautiful property sits along Lobdell Lake - a popular Midwest vacation market for outdoor activities! Qual on 12-mo track record!

💵Just Funded💵
🏕️Michigan airbnb Loans🏕️
$333,750 Cash-Out Refinance on a short term rental in Pinckney, Michigan! This STR property is situated directly on Hi-Land Lake which attracts tourists in the warmer months to partake in watersports such as waterskiing, wake surfing & fishing!

💵Just Funded💵
🏕️Michigan airbnb Loans🏕️
$266,250 Acquisition DSCR Loan on a SFR in Cadillac, Michigan via @Zach Edelman! Scooped up at a $35k discount, this investor creates instant equity and should generate BIG cash flow utilizing this lakeside property as a Short Term Rental!

[Robin Simon]

Need a DSCR Loan for a rental property in Michigan? Check out these recent successfully funded Michigan DSCR Loans from Easy Street Capital!

💵Just Funded💵🏕️airbnb Loans🏕️
$455,250 Cash-Out Refinance DSCR Loan on an investment property in Norton Shores, Michigan! Another great 🏖️AirBnBRRRR🧊funded by Easy Street Capital - this STR pro refinances this Mona Lake short term rental qualified via AirDNA projections (100%)!

💵Just Funded💵
💰Michigan DSCR Loans💰
$78,750 Acquisition DSCR Loan on a Duplex in Detroit, Michigan! Low-cost acquisition of this turnkey two-unit, very strong projected cash flow on a rental with low down payment requirements!

💵Just Funded💵
💰Michigan DSCR Loans💰
$94,500 Cash-Out Refinance DSCR Loan on a investment property duplex in Detroit, Michigan! Real Estate Investor is building a path to financial freedom slow and steady - now owns 8 duplexes and looking for many more in 2024!

💵Just Funded💵
💰Michigan DSCR Loans💰
Another $90,000 DSCR Acquisition Loan on a Duplex in Detroit, Michigan. Looking for cash-flowing rental properties in 2023 using traditional long-term rental strategies? Look to cheaper, overlooked markets, lower-value properties and multiple units. Deals out there!

💵Just Funded💵
💰Michigan DSCR Loans💰
$90,000 Acquisition DSCR Loan on a Detroit Duplex! ESC is a low-balance friendly DSCR Lender (many other lenders will avoid deals like this). This investor scoops up this cash-flowing duplex and continues along the journey to financial freedom!

💵Just Funded💵
💰Michigan DSCR Loans💰
Cash-Out Refinance on an SFR in Farmington Hills, Michigan. Borrower inherited the property a year prior and is taking out a pile of cash to further expand his real estate portfolio (6 properties and counting!). Cash-flowing with a 2-year lease, set it and forget it!

💵Just Funded💵💰Michigan DSCR Loans💰
$196,000 Acquisition DSCR Loan on a Single Family Rental in Grandville, MI! Nestled along the shores of the Grand River, Grandville boasts a plethora of parks, miles of hiking & biking trails & one of the region’s largest dining districts!

💵Just Funded💵💰Michigan DSCR Loans💰
$330,00 Rate-Term Refinance Rental Property Loan on an Short Term Rental in Ludington, Michigan! Well-located near Stearns Park Beach on Lake Michigan, this Midwest STR qualifies with a strong TTM Track Record for this Real Estate Pro!

💵Just Funded💵
💰Michigan DSCR Loans💰
🧊Michigan BRRRR Loans🧊
$157,500 Cash-Out Refinance DSCR Loan on a successful BRRRR method execution in Madison Heights, MI! Purchased last October, this 5-bedroom Cape Cod-style home is fully renovated and rented out on a long-term lease, providing cash flow (and now capital back!)