The Premier Lender for DSCR Loans in Arizona
As an experienced private lender for Arizona investors, we’re the ideal partners for best-in-class service, expert market analysis, and specialized rental portfolio loans. Contact us today to learn more or apply for financing.
Why Lima One as Your Rental Investment Lender in Arizona?
Each rental property purchase or renovation represents a significant investment on your part. That’s why it’s highly important to partner with the right lending institution: one that can supply you with the funds you need quickly. Lima One is the best private lender to trust to have financing options for your Arizona rental investments.
Lima One’s Team is Exceptional
Our knowledgeable, experienced team not only has an exceptional understanding of the Arizona real estate market. They also know the best ways to connect investors like you to financing fast. Depend on our market analysts and loan officers to support you at every stage of your rental investment journey.
We Offer a Variety of Rental & DSCR Loans
No two rental investments are alike – that’s why we offer a variety of customizable loan packages you can use to achieve your goals.
Single rental property loans are perfect for purchasing an initial property to jumpstart your portfolio. Portfolio rental loans are also available for two or more rental properties in Arizona bundled together into the same loan. Or you can take advantage of short-term rental loans, which offer benefits like up to 75% LTV on purchases and multiple different structure options to fit your unique investment strategy.
No matter what kind of loan you need for your Arizona rental property purchases, Lima One can help.
Approval is Based on Individual Investors
Compared to other loan sources, the rental investment lenders at Lima One are backed by MFA Financial, granting them (and you) stable capital when you need it most. Beyond that, our private money lenders base their approvals on the attributes of individual investors, like personal experience, credit score, and current liquidity. In this way, we consistently find value and opportunity where others don’t.
Lima One Arizona Rental Funded Deals
The best lending partners have experience they bring to the table and that you can draw from. Lima One has experience assisting real estate investors just like you with their Arizona rental property purchases. Check out these recently funded deals in Tucson, AZ to see what you should expect should you contact one of our loan officers today.
Relevant Market Insights for Arizona Rental Property Investors
What makes a great rental investment? At Lima One, we know that the difference between a stellar investment and a subpar one often lies in the details. With so many state housing markets in flux, it’s a good idea to fully grasp the state of the Arizona market before investing. Take a look at these market insights to learn more.
Arizona Home Values Are Increasing
Like Most areas throughout the United States, the average cost of a single family home in Arizona has increased. In 2024, the average cost of an Arizona house is $434,773. That’s up 3.9% year over year according to recent data.
In other words? Arizona real estate is quickly becoming “hotter,” especially in comparison to states like California. That said, recent data also indicates that the number of homes being sold has slowed over the last several months.
As of June 2024, the average number of homes sold was down 13.9% year over year compared to June of 2023. The median days on market was 51 days, an increase of seven compared to the same time last year. In summary, while the average Arizona single-family home is more valuable than before, it also takes longer to find willing renters.
Rental Vacancies Have Increased
In keeping with the above, the average length of time for a rental vacancy has increased since 2021. According to the US Department of Housing and Urban Development, the apartment vacancy rate in the greater Phoenix, Mesa, and Chandler area was 5.6% in 2021, but quickly rose to 8.7% in 2022 and has continued to rise over the last two years.
For investors, this could represent a growing desire for affordable Arizona rental properties among renters. Savvy investors could use this opportunity to make their properties more attractive to renters compared to their competitors by dropping prices. That may be a particularly wise strategy given the next major market insight.
More Renters Incoming
Thanks to a variety of factors, such as the lower average cost of living, the business-friendly tax environment, and the educated workforce throughout Arizona, this state is continually attracting new residents from surrounding regions.
Immigrants from California and other nearby states are flocking to Arizona for job opportunities and new starts. The professional and business services and education and health services sectors are especially affected by the influx of job seekers.
It seems likely, therefore, that the Arizona rental market is about to go on an upward swing. With increased demand comes opportunities to increase average rental prices, leading to more money in the pockets of smart investors who can take advantage of opportunities. As more people come to the state, they’ll need great places to live – and they might be interested in the Arizona rental properties you own if you are ready for them.
Get DSCR Loans for Arizona Properties Today
The best rental properties in Arizona are within reach – all you need is the right partner. Lima One Capital is ready to help you achieve your goals and maximize your portfolio’s performance. Get in touch with us today to apply!