Winworc Capital provides investment/rental property loans on residential income properties: single family homes, 1-4 unit residential properties, condominiums and townhomes, mixed use properties and apartment buildings with 5 or more units.
SINGLE FAMILY HOMES
SMALL APARTMENT BUILDINGS
A multi-family investment property must have five or more apartments. Less than 5 units is classified as single family / residential investment property.
Mixed-use properties are considered those properties zoned for different uses. A multi-use property most have at least two units used for different purposes. Use can include residential, commercial, or industrial. An example could be a retail shop in one unit and a residential unit, such as an apartment used in one or more of the units. Another example may be a commercial use unit and another part of the unit(s) used as light industrial.
Commercial real estate is property that is used for income producing purposes. It provides workspace rather than living space. The space can be owner occupied or leased to tenants. Commercial real estate includes several categories, such as retailers, office space, strip malls, restaurants, healthcare facilities, warehouses, self-storage, automotive, etc.
A construction loan is a short-term loan which the funds are used to cover the costs of building or rehabilitating a building or structure to be completed for income producing purposes. It can be used for residential or commercial properties. Upon completion of the project a more permanent or long-term loan will need to be obtained.