Loans for back Real Estate Taxes
Loans for delinquent real estate taxes in Chicago, Illinois are common in this challenging economy. Unfortunately many real estate investors miss the due dates or simply do not have funds liquid when due. Their actions or inaction’s can lead to costly consequences including cash flow issues which inevitably have a trickle down effect on all areas of for the investor including loans for real estate back taxes.
These cash flow issues typically lead to issues with the county assessor including not fully paying, property taxes, etc. To help these real estate investors right-size their current situation, many options are available including, using credit cards, personal savings, real estate financing and private money loans for back real estate taxes
Real Estate Loans for back taxes
Real estate loans for back taxes are an excellent solution. In many cases the borrowers have an excellent piece of real estate collateral that can possibly be financed to provide ample working capital for their business. Loans for back real estate taxes will be a temporary solution at best.
Loans for back real estate taxes are a unique niche that is very different than other bank loan products. Typically back lenders underwrite primarily on credit, income, or cash flow of the property. The private lender no-doc loan solely underwrites the property and not the borrower or the financial situation of the company.
A no-doc loan is typically faster, and enables the company to pull out more capital than factoring on receivables and materials. Start to finish a no-doc programs takes 2-3 weeks and can provide the borrower up to 60% of the equity in their property. The loans can typically be structured to fit the particular needs of the situation.
We can help the following borrowers:
- Unpaid property taxes
- Payroll tax issue
- Unfilled tax returns
- In need of working capital
- Tax liens
- Credit Challenges
- Mortgage lates
- Debt Consolidation
- Various other situations where time is of the essence
To apply for a loans for back real estate taxes click here.