LendingOne is a Ohio private money lender offering short-term mortgage loans to real estate investors in OH - AkronCincinnatiClevelandColumbusDaytonToledo. Get a private money loan for a property purchase, refinance, equity cash out, rehab or new construction purchase.
Up to 80% for the purchase amount and up to 100% of repair costs
LendingOne Multifamily Bridge Loans can provide the cash you need to grow your real estate investment property portfolio:
Get ahead of the competition in the Cleveland real estate market. Speak to a Multifamily Bridge expert today by calling 866-918-1974
Investors who want to find deals from foreclosure properties can consider these statistics to understand the Cleveland real estate market for pre-foreclosures, auctions, and bank-owned properties.
Real estate sales in Cleveland still support an active fix/flip market. You want to closely monitor your average days on the market because when you are flipping properties, this is the best indicator of how long it will take you to sell once the property is completed.
In every market around the country where we lend, rental yields will differ. In areas where average prices are higher rental yields will almost always be lower than markets with a lower average sale price. To determine your rental investment property yield you can take the average rental rate in the chart above and divide it by the average sale price.
Cleveland is home to one of the highest educated
workforces in the country, greatly due in part to the
surrounding top ranking schools in the Cleveland, OH area.
Economy: Cleveland’s top employers are driving growth in the real estate market including General Hospital.
Businesses: According to the Cleveland Chamber of Commerce, Leisure & Hospitality, Professional & Business Services, and Education & Health Services have seen high job and wage growth.