New finance scheme for investors in growing detroit market

Overseas property agency Experience International has launched a 50% finance support package for, it says, “international investors purchasing pre-tenanted, buy-to-let properties in Detroit.”

Over the past year, the Detroit property market has shown real signs of growth with property experts reporting a sales jump of 9.6% according to figures released by Realcomp.

“This, combined with the fact that the rental market has seen an increase in long-term lets and a surge in people renting, has led to a number of overseas investors purchasing buy-to-let properties in Detroit,” says Experience International.

The agency argues that “pre-tenanted, buy-to-let options have become a favourite for investors looking for a hassle-free and high-yielding property investment. They provide the investor will the reassurance of high occupancy rates due to the strong rental markets, plus strong capital appreciation as most properties are available below their potential resale value.” The company believes that a 50% LTV approach will be well received by investors.

Source: OPP.org.uk