Creative Financing Strategies

Are you looking to purchase a home, land, or a real estate property and you want to be free from the hassle of going through mortgage? Do you look forward to buying or starting a business and you can’t get a loan for that?

Creative financing is made and is existent to help people like you! With creative financing, you will be able to get and secure the funds you need for the purchase you’re looking to get or for the business you plan on starting.

What Creative Financing Is

By definition, creative financing is the act of a lender structuring a loan to be granted to a person or a business that has lesser capabilities of applying for loans because of bad or poor credit standing and credit scores.

So, creative financing is you way of making the funds possible without having to go to a bank for it.

Why Creative Financing?

Contrary to popular belief, creative financing is not just a program or a type of loan that is gotten by people with bad credit. As a matter of fact, a lot of successful business owners and people utilize it too. The main goal of creative financing is for a person or a business to purchase assets or properties without the need to use the cash they have in their pockets.

There are a lot of creative financing strategies people can opt to use and do but what are the best techniques for it? We’ve gathered the best and the most efficient creative financing strategies that you can use if you have plans on purchasing a major asset or investment.

Short Sales

One of the most common yet the most effective creative financing strategies would be short sales. A short sale happens when the seller markets the property that is less than the amount that is owed against it. Then, the holder of the lien says yes to the amount and will pay it in full.

Owner Financing

Owner financing or seller financing is the act when the property seller agrees to finance the property. Then, the seller would make the buyer sign a promissory note in exchange for the title. The deed of trust will then be given and transferred to the seller when the property is purchased or paid in full.

Contract for Deed

Akin to the owner financing strategy of creative financing, the seller will be retaining the title to the property. It’s going to be transferred to the buyer when the mortgage is paid in full.

These three (3) are just the most common creative financing strategies but there are a lot more that people and businesses can do. Creative financing is one way of securing a property so that it doesn’t get sold to a third-party buyer.

Here at SoFlo Funding, we can help you with various creative financing strategies. Unlike banks, credit unions, and other lending and financing companies, we wouldn’t ask for ridiculous requirements and classifications. Instead, we’ll only ask for what’s relevant to the situation and to the sale you’re looking to purchase.

Benefits of Working With SoFlo Funding

Why work with SoFlo Funding? Well, we’re a company who can help you with the funding you need fast and easily! One of the most praised factors on why people choose us when they need creative financing would be the way we transact – our application is and can be done online!

We don’t require people to go to any location or office, it can be done in just a few clicks! Another thing is the fact that we can approve financing of up to $300K! No matter how much you borrow from us, we’ll get you the funding you need and we’ll not ask for lucrative amounts for interest!

SoFlo Funding is a company you can depend on when you need help in determining what strategy of creative financing you’ll use. We approve fast and we can get our clients the funds they need in less than a month.