By Annamaria Andriotis | The Wall Street Journal
A new lender is knocking on wealthy real-estate investors’ doors.
Private-equity firms are offering buyers large mortgages on properties they plan to rent out. They are targeting a niche group: affluent borrowers buying relatively low-scale properties comprised mostly of one- to four-unit homes.
Since the downturn, borrowers have had limited access to this type of financing, largely because banks have been wary of investment properties. Now, however, conditions are changing as specialty financing firms enter the market.
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